Price for Ferrous Waste and Scrap; of Stainless Steel in Vietnam - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Vietnam (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Vietnam (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Vietnam
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Vietnam
Price for Ferrous Waste and Scrap; of Stainless Steel in Vietnam (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,715 per ton, increasing by 38% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of stainless steels increased by +87.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,681 per ton), while the average price for exports to China ($1,053 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Vietnam (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $1,406 per ton, waning by -7.6% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of stainless steels increased by +6.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 96%. As a result, import price reached the peak level of $2,239 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +7.8% per year.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Vietnam
In 2022, exports of ferrous waste and scrap; of stainless steels from Vietnam declined rapidly to 21K tons, with a decrease of -74.4% against 2021 figures. Over the period under review, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of 84K tons, and then declined sharply in the following year.
In value terms, exports of ferrous waste and scrap; of stainless steels plummeted to $37M in 2022. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 79%. As a result, the exports reached the peak of $105M, and then plummeted in the following year.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 42.0 | 41.4 | 77.1 | 26.5 | -14.2% |
| South Korea | 10.6 | 8.0 | 14.5 | 6.9 | -13.3% |
| Taiwan (Chinese) | 8.6 | 5.9 | 4.0 | 1.7 | -41.7% |
| China | N/A | N/A | 0.1 | 0.9 | 800.0% |
| Thailand | 4.0 | 2.6 | 7.8 | 0.6 | -46.9% |
| Others | 0.9 | 0.4 | 1.1 | 0.2 | -39.4% |
| Total | 66.0 | 58.3 | 105 | 36.8 | -17.7% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Vietnam in 2022:
- India (15.2K tons)
- South Korea (3.4K tons)
- Taiwan (Chinese) (1.6K tons)
- China (0.9K tons)
- Thailand (0.3K tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Vietnam
For the third year in a row, Vietnam recorded decline in purchases abroad of ferrous waste and scrap; of stainless steels, which decreased by -46% to 232 tons in 2022. Over the period under review, imports saw a significant contraction. The smallest decline of -31.3% was in 2020.
In value terms, imports of ferrous waste and scrap; of stainless steels fell rapidly to $326K in 2022. Overall, imports saw a significant curtailment. The smallest decline of -40.1% was in 2020.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,748 | 1,239 | 654 | 326 | -42.9% |
| Australia | 53.8 | N/A | N/A | N/A | 0% |
| Japan | 205 | N/A | N/A | N/A | 0% |
| Others | 62.2 | N/A | N/A | N/A | 0% |
| Total | 2,069 | 1,239 | 654 | 326 | -46.0% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Vietnam in 2022:
- Taiwan (Chinese) (232.0 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
392
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
680
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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