Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Angola - 2022

Contents:

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

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Angola (FOB) - 2022

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $313 per ton in 2022, picking up by 66% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2016 an increase of 247% against the previous year. Over the period under review, the average export prices attained the maximum at $390 per ton in 2017; however, from 2018 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 Democratic Republic of the Congo.

From 2015 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.1% per year.

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Angola (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,789 per ton, jumping by 20% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 158%. The import price peaked at $9,250 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($9,886 per ton), while the price for Democratic Republic of the Congo ($581 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Angola

In 2022, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -66.2% to 712 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 165%. As a result, the exports reached the peak of 15K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank significantly to $223K in 2022. In general, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 329% against the previous year. As a result, the exports reached the peak of $4.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Angola in 2022:

1. Democratic Republic of the Congo (711.9 tons)

Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Angola

Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Angola contracted notably to 7.4 tons in 2022, shrinking by -89.9% on 2021 figures. In general, imports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 196% against the previous year.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped sharply to $13K in 2022. Overall, imports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 664% against the previous year. As a result, imports reached the peak of $109K, and then shrank sharply in the following year.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Angola in 2022:

1. China (5.0 tons)
2. Democratic Republic of the Congo (1.0 tons)
3. Brazil (0.8 tons)
4. Portugal (0.3 tons)
5. Namibia (0.3 tons)