Price for Ferrous Waste and Scrap; of Stainless Steel in Sudan - 2022

Price for Ferrous Waste and Scrap; of Stainless Steel in Sudan (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,645 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +11.9% per year.

Price for Ferrous Waste and Scrap; of Stainless Steel in Sudan (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $1,542 per ton in 2022, remaining constant against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 4.1%. Over the period under review, average import prices attained the maximum at $3,165 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.9% per year.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Sudan

In 2022, exports of ferrous waste and scrap; of stainless steels from Sudan skyrocketed to 316 tons, increasing by 77% on the previous year's figure. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 105%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of ferrous waste and scrap; of stainless steels soared to $521K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 247% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Ferrous Waste and Scrap; of Stainless Steel in Sudan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	216	56.6	226	521	34.1%
Netherlands	N/A	19.0	36.3	N/A	91.1%
Others	N/A	N/A	N/A	N/A	0%
Total	216	75.6	262	521	34.1%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Sudan in 2022:

India (316.5 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Sudan

For the third year in a row, Sudan recorded decline in supplies from abroad of ferrous waste and scrap; of stainless steels, which decreased by -20% to 587 kg in 2022. In general, imports showed a sharp contraction. The smallest decline of -20% was in 2021.

In value terms, imports of ferrous waste and scrap; of stainless steels shrank sharply to $905 in 2022. Over the period under review, imports continue to indicate a sharp decline. The smallest decline of -19.9% was in 2021.