Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (FOB) - 2023
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (CIF) - 2023
The average import price for ferrous waste and scrap; of tinned iron or steels stood at $511 per ton in September 2022, falling by -12% against the previous month. Overall, the import price faced a deep contraction. As a result, import price reached the peak level of $731 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2022, the highest price was recorded for prices from Suriname ($602 per ton) and France ($590 per ton), while the price for Papua New Guinea ($475 per ton) and Brunei Darussalam ($500 per ton) were amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (FOB) - 2023
In September 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $140 per ton, flattening at the previous month. Overall, the export price, however, continues to indicate a slight setback. The export price peaked at $146 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From June 2022 to September 2022, the rate of growth in terms of prices for Malaysia amounted to -1.4% per month.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore
In 2022, the amount of ferrous waste and scrap; of tinned iron or steels imported into Singapore skyrocketed to 28K tons, jumping by 975% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $10M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | N/A | N/A | N/A | 3,443 | 0% |
| New Zealand | N/A | N/A | 453 | 2,099 | 363.4% |
| Papua New Guinea | 674 | 56.8 | 471 | 1,089 | 17.3% |
| Suriname | 388 | N/A | N/A | 782 | 26.3% |
| France | N/A | N/A | 3.2 | 700 | 21775.0% |
| Australia | 1,081 | 0.3 | 5.4 | 643 | -15.9% |
| Philippines | 144 | N/A | N/A | 475 | 48.9% |
| Malaysia | 218 | 74.5 | 22.2 | 2.3 | -78.1% |
| Myanmar | 472 | N/A | N/A | N/A | 0% |
| Others | 213 | 80.1 | 213 | 799 | 55.4% |
| Total | 3,190 | 212 | 1,167 | 10,032 | 46.5% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Singapore in 2022:
- Brunei Darussalam (9.1K tons)
- New Zealand (4.8K tons)
- Australia (3.8K tons)
- France (3.7K tons)
- Papua New Guinea (2.5K tons)
- Suriname (2.0K tons)
- Philippines (1.4K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore
In 2022, after three years of growth, there was significant decline in shipments abroad of ferrous waste and scrap; of tinned iron or steels, when their volume decreased by -37.6% to 25K tons. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 336% against the previous year.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels contracted remarkably to $3.3M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 147% against the previous year.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.0 | 3.4 | 5.0 | 3.0 | 44.2% |
| Indonesia | 0.1 | 0.2 | 0.4 | N/A | 100.0% |
| Others | 0.5 | 0.5 | 0.5 | 0.3 | -15.7% |
| Total | 1.6 | 4.0 | 5.9 | 3.3 | 27.3% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Singapore in 2022:
- Malaysia (25.1K tons)
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