Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $826 per ton in 2022, picking up by 96% against the previous year. Over the period under review, the export price saw temperate growth. As a result, the export price reached the peak level 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 Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +9.1% per year.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (CIF) - 2022
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $230 per ton in 2022, surging by 1.9% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices reached the peak figure at $342 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($740 per ton), while the price for Suriname ($98 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (-1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR
In 2022, shipments abroad of ferrous waste and scrap; of tinned iron or steels decreased by -99.1% to 24 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. As a result, the exports reached the peak of 14K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels shrank dramatically to $20K in 2022. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. As a result, the exports attained the peak of $5.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 209 | 546 | 183 | 19.9 | -54.3% |
| Macao SAR | 145 | 150 | 31.4 | N/A | -53.5% |
| Indonesia | 149 | 393 | 31.4 | N/A | -54.1% |
| Singapore | 3,377 | 3,894 | 906 | N/A | -48.2% |
| Lao People's Democratic Republic | N/A | 630 | N/A | N/A | 0% |
| Pakistan | 111 | 95.5 | 18.6 | N/A | -59.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3,992 | 5,709 | 1,171 | 19.9 | -82.9% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Hong Kong SAR in 2022:
- Malaysia (24.1 tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -22.7% to 9.1K tons. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 85% against the previous year.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels dropped sharply to $2.1M in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports reached the peak of $2.7M, and then fell markedly in the following year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 663 | 1,063 | 1,988 | 1,338 | 26.4% |
| United Kingdom | 84.5 | 153 | 193 | 178 | 28.2% |
| New Zealand | 20.3 | 10.1 | 28.2 | 70.3 | 51.3% |
| Suriname | N/A | 27.4 | 83.0 | 59.2 | 47.0% |
| China | 6.4 | 14.9 | 24.1 | 28.6 | 64.7% |
| Others | 105 | 259 | 338 | 416 | 58.2% |
| Total | 879 | 1,527 | 2,654 | 2,091 | 33.5% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Hong Kong SAR in 2022:
- Trinidad and Tobago (7.3K tons)
- Suriname (0.6K tons)
- China (0.3K tons)
- United Kingdom (0.2K tons)
- New Zealand (0.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Hong Kong SAR, China.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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