Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $520 per ton in 2022, with an increase of 46% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +134.0% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 46%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($612 per ton) and Sweden ($537 per ton), while the price for the United Arab Emirates ($492 per ton) and the UK ($516 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $574 per ton in 2022, increasing by 78% against the previous year. In general, the export price enjoyed a mild expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,828 per ton), while the average price for exports to South Korea ($237 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 Uganda (+9.9%), 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 Kenya
In 2022, overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels were finally on the rise to reach 23K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous shrinkage.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels skyrocketed to $12M in 2022. In general, imports, however, continue to indicate a abrupt descent.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.4 | 1.8 | 0.3 | 10.0 | 22.8% |
| Sweden | 4.7 | 1.8 | 0.9 | 1.3 | -34.8% |
| Poland | N/A | 2.4 | 0.4 | 0.6 | -50.0% |
| Belgium | N/A | 1.2 | N/A | N/A | 0% |
| Mozambique | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Latvia | N/A | 2.6 | 0.4 | N/A | -84.6% |
| South Africa | 7.6 | 6.6 | N/A | N/A | -13.2% |
| Others | 1.2 | 2.2 | 0.2 | 0.2 | -45.0% |
| Total | 19.7 | 18.7 | 2.4 | 12.1 | -15.0% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Kenya in 2022:
- United Kingdom (19.3K tons)
- Sweden (2.5K tons)
- Poland (1.0K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya
In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -99% to 810 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 87%. As a result, the exports attained the peak of 83K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced rapidly to $465K in 2022. Overall, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 67%.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| India | 1.3 | 1.4 | 3.6 | 0.2 | -46.4% |
| United Kingdom | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| South Korea | N/A | N/A | N/A | N/A | 0% |
| Uganda | 11.1 | 19.2 | 21.4 | N/A | 38.8% |
| Others | 0.2 | 0.7 | N/A | N/A | 250.0% |
| Total | 12.7 | 21.3 | 25.2 | 0.5 | -66.0% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Kenya in 2022:
- India (371.9 tons)
- United Arab Emirates (324.5 tons)
- United Kingdom (59.1 tons)
- South Korea (54.7 tons)
344
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
344
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
