Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $686 per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price showed a slight increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 69% against the previous year. The import price peaked 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 country with the highest price was the United States ($686 per ton), while the price for Iran stood at $686 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.5%).
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $473 per ton, growing by 61% against the previous year. Overall, the export price recorded a noticeable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($655 per ton), while the average price for exports to Pakistan ($466 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.5%), 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 Kuwait
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Kuwait fell dramatically to 77K tons in 2022, reducing by -77.7% compared with 2021 figures. Overall, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 299% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted notably to $53M in 2022. In general, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 575% against the previous year. As a result, imports attained the peak of $170M, and then declined notably in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 107 | 25.2 | 11.0 | 41.2 | -27.2% |
| Iran | N/A | N/A | N/A | 11.3 | 0% |
| Venezuela | N/A | N/A | 17.7 | N/A | 0% |
| New Zealand | 10.8 | N/A | N/A | N/A | 0% |
| Australia | 17.4 | N/A | N/A | N/A | 0% |
| United Kingdom | 34.0 | N/A | 117 | N/A | 85.5% |
| Netherlands | N/A | N/A | 24.3 | N/A | 0% |
| Others | 0.4 | N/A | 0.4 | N/A | 0.0% |
| Total | 170 | 25.2 | 170 | 52.6 | -32.4% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Kuwait in 2022:
- United States (60.2K tons)
- Iran (16.5K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait
In 2022, approx. 21K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Kuwait; which is down by -57.3% compared with the previous year's figure. Overall, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 3.1%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank markedly to $9.8M in 2022. Over the period under review, exports saw a deep setback. The smallest decline of -2.5% was in 2021.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.6 | 1.5 | 5.9 | 6.7 | -11.3% |
| Pakistan | 7.7 | 12.9 | 5.8 | 2.8 | -28.6% |
| United Arab Emirates | 1.0 | 0.2 | 0.3 | 0.4 | -26.3% |
| Sweden | N/A | N/A | 2.2 | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 18.3 | 14.7 | 14.3 | 9.8 | -18.8% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Kuwait in 2022:
- India (14.3K tons)
- Pakistan (5.9K tons)
- United Arab Emirates (0.6K tons)
388
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kuwait.
690
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
388
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kuwait.
690
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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