Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $218 per ton, shrinking by -9.3% against the previous year. In general, the import price recorded a mild downturn. The growth pace was the most rapid in 2017 when the average import price increased by 75%. The import price peaked at $252 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Botswana ($230 per ton), while the price for Zimbabwe ($117 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+26.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $284 per ton, leveling off at the previous year. In general, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32% against the previous year. The export price peaked at $421 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Pakistan.
From 2012 to 2022, the rate of growth in terms of prices for Pakistan amounted to -3.9% per year.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa
In 2022, imports of ferrous waste and scrap; of tinned iron or steels into South Africa soared to 25K tons, rising by 30% compared with the previous year. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $5.5M in 2022. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 162%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 2.5 | 1.4 | 4.2 | 4.5 | 21.6% |
| Namibia | 0.7 | 0.3 | 0.2 | 0.5 | -10.6% |
| Lesotho | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Norway | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.4 | 0.1 | 0.1 | 0.2 | -20.6% |
| Total | 3.7 | 1.8 | 4.7 | 5.5 | 14.1% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to South Africa in 2022:
- Botswana (19.7K tons)
- Namibia (2.7K tons)
- Lesotho (1.4K tons)
- Norway (0.4K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa
In 2022, the amount of ferrous waste and scrap; of tinned iron or steels exported from South Africa stood at 644 tons, flattening at the previous year. Over the period under review, exports saw a significant curtailment. The smallest decline of -60.8% was in 2020.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels stood at $183K in 2022. Overall, exports saw a precipitous decrease. The smallest decline of -63.3% was in 2020.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 867 | 366 | N/A | 183 | -40.5% |
| India | 129 | N/A | N/A | N/A | 0% |
| Others | 1.2 | N/A | N/A | N/A | 0% |
| Total | 996 | 366 | N/A | 183 | -43.1% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from South Africa in 2022:
- Pakistan (644.1 tons)
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