Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain
4. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain (FOB) - 2022

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $428 per ton in 2022, increasing by 6.5% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. As a result, the export price reached the peak level of $685 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($449 per ton), while the average price for exports to Pakistan stood at $380 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.4%).

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $396 per ton, reducing by -9% against the previous year. Overall, the import price, however, enjoyed modest growth. The pace of growth appeared the most rapid in 2021 an increase of 122%. As a result, import price attained the peak level of $436 per ton, and then declined in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +43.7% per year.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain

In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -12.2% to 178K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 203K tons, and then dropped in the following year.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels declined to $76M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $81M, and then reduced in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Bahrain in 2022:

1. India (124.2K tons)
2. Pakistan (53.7K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bahrain

In 2022, imports of ferrous waste and scrap; of tinned iron or steels into Bahrain surged to 6.1K tons, jumping by 40% compared with the year before. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 311%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $2.4M in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 811%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Bahrain in 2022:

1. Japan (6.1K tons)

Source: IndexBox Market Intelligence Platform