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

Contents:

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

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

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $324 per ton in 2022, waning by -6.1% against the previous year. Overall, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 112% against the previous year. The import price peaked at $510 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 Poland ($1,000 per ton), while the price for China ($255 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+218.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $499 per ton in 2022, waning by -5% against the previous year. Over the period under review, the export price, however, posted a slight increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 46% against the previous year. The export price peaked at $525 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($601 per ton), while the average price for exports to Belgium ($151 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Ethiopia was estimated at 9.1K tons, growing by 2.5% against 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 359%. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined slightly to $3M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 414%. As a result, imports reached the peak of $6.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Djibouti (8.4K tons)
2. China (0.7K tons)

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

After three years of growth, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -36.8% to 448 tons in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 190% against the previous year. As a result, the exports reached the peak of 709 tons, and then shrank rapidly in the following year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank significantly to $223K in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 281% against the previous year. As a result, the exports reached the peak of $372K, and then dropped significantly in the following year.

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

1. India (343.4 tons)
2. Belgium (78.0 tons)
3. United Arab Emirates (26.3 tons)