Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco (FOB) - 2023
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $474 per ton in 2022, rising by 8.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 56% against the previous year. The import price peaked in 2022 and is expected to retain 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 Denmark ($535 per ton) and Spain ($485 per ton), while the price for France ($437 per ton) and the Netherlands ($440 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+8.6%), 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 Morocco (FOB) - 2023
In December 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $672 per ton, falling by -18.9% against the previous month. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in November 2022 an increase of 44% m-o-m. As a result, the export price attained the peak level of $828 per ton, and then contracted notably in the following month.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was China ($1,480 per ton), while the average price for exports to France ($353 per ton) was amongst the lowest.
From June 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+53.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Morocco soared to 721K tons in 2022, increasing by 40% against the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $342M in 2022. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 27.9 | 33.1 | 65.3 | 115 | 60.3% |
| Spain | 18.4 | 8.9 | 55.0 | 110 | 81.5% |
| Netherlands | 34.9 | 18.9 | 41.5 | 49.4 | 12.3% |
| Denmark | 10.0 | 14.4 | 16.4 | 21.8 | 29.7% |
| France | 19.7 | 25.0 | 12.4 | 12.1 | -15.0% |
| Sweden | 16.2 | 7.8 | 13.0 | 10.7 | -12.9% |
| Germany | 1.8 | 0.9 | N/A | 8.5 | 67.8% |
| Norway | 4.8 | 7.7 | 9.0 | 4.2 | -4.4% |
| Others | 3.6 | 4.2 | 12.3 | 10.3 | 42.0% |
| Total | 137 | 121 | 225 | 342 | 35.7% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Morocco in 2022:
- United Kingdom (238.1K tons)
- Spain (226.1K tons)
- Netherlands (112.4K tons)
- Denmark (40.7K tons)
- France (27.7K tons)
- Sweden (23.4K tons)
- Germany (18.4K tons)
- Norway (7.7K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco
Exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Morocco amounted to 23K tons in 2022, increasing by 3.5% compared with 2021 figures. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 115%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced to $20M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 226%. As a result, the exports attained the peak of $22M, and then fell in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.2 | 3.0 | 10.5 | 8.4 | 26.0% |
| Oman | N/A | 1.3 | 5.1 | 6.7 | 127.0% |
| Netherlands | 0.4 | 0.2 | 2.1 | 1.9 | 68.1% |
| Spain | 2.7 | 0.4 | 0.7 | 1.8 | -12.6% |
| China | 1.0 | 0.8 | 2.7 | 0.6 | -15.7% |
| France | 0.4 | 0.6 | 0.3 | 0.5 | 7.7% |
| Pakistan | 0.8 | 0.1 | 0.1 | N/A | -64.6% |
| Others | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Total | 9.9 | 6.7 | 21.9 | 20.4 | 27.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Morocco in 2022:
- Oman (12.6K tons)
- India (6.3K tons)
- Spain (1.8K tons)
- Netherlands (0.9K tons)
- China (0.5K tons)
- France (0.4K tons)
399
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Morocco.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
399
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Morocco.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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