Price for Ferrous Waste and Scrap; of Stainless Steel in Indonesia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Indonesia (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Indonesia (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Indonesia
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Indonesia
Price for Ferrous Waste and Scrap; of Stainless Steel in Indonesia (FOB) - 2022
In March 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,959 per ton, which is down by -8.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in August 2021 when the average export price increased by 19% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,148 per ton in February 2022, and then dropped in the following month.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Japan ($2,934 per ton), while the average price for exports to India ($1,895 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Indonesia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,323 per ton, surging by 12% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,334 per ton), while the price for New Zealand ($427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Indonesia
In 2022, exports of ferrous waste and scrap; of stainless steels from Indonesia plummeted to 40K tons, declining by -22.7% compared with the year before. In general, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of 52K tons, and then shrank rapidly in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels contracted to $68M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. As a result, the exports reached the peak of $79M, and then dropped in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 34.4 | 31.8 | 46.6 | 44.6 | 9.0% |
| South Korea | 5.9 | 6.3 | 12.6 | 9.2 | 16.0% |
| Japan | 3.3 | 2.2 | 4.7 | 4.6 | 11.7% |
| Thailand | 2.8 | 3.7 | 6.4 | 4.2 | 14.5% |
| Singapore | 1.4 | 4.0 | 3.5 | 2.0 | 12.6% |
| Malaysia | 1.7 | 1.5 | 3.6 | 1.8 | 1.9% |
| Taiwan (Chinese) | 1.5 | 0.6 | 0.9 | 0.8 | -18.9% |
| Others | 2.8 | 0.9 | 1.0 | 1.1 | -26.8% |
| Total | 53.8 | 51.1 | 79.3 | 68.3 | 8.3% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Indonesia in 2022:
- India (27.5K tons)
- South Korea (5.2K tons)
- Thailand (2.5K tons)
- Japan (1.7K tons)
- Singapore (1.4K tons)
- Malaysia (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Indonesia
In 2022, supplies from abroad of ferrous waste and scrap; of stainless steels decreased by -82.1% to 5.7K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 113%. As a result, imports attained the peak of 48K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ferrous waste and scrap; of stainless steels reduced rapidly to $7.6M in 2022. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 when imports increased by 145% against the previous year. As a result, imports attained the peak of $38M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.8 | N/A | 5.0 | 6.4 | 31.7% |
| New Zealand | N/A | 0.1 | 0.3 | 0.6 | 144.9% |
| United States | 0.1 | 1.5 | N/A | 0.3 | 44.2% |
| Singapore | 0.2 | 0.8 | 0.1 | 0.3 | 14.5% |
| United Kingdom | 1.6 | 2.1 | 5.0 | N/A | 76.8% |
| Japan | 6.8 | 25.7 | 25.2 | N/A | 92.5% |
| Taiwan (Chinese) | 2.8 | 3.8 | N/A | N/A | 35.7% |
| Australia | 0.8 | 3.7 | 1.7 | N/A | 45.8% |
| Others | 0.5 | 0.3 | 0.2 | 0.1 | -41.5% |
| Total | 15.5 | 38.0 | 37.5 | 7.6 | -21.1% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Indonesia in 2022:
- Thailand (3.9K tons)
- New Zealand (1.3K tons)
- Singapore (0.4K tons)
- United States (0.1K tons)
947
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Indonesia.
699
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
947
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Indonesia.
699
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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