Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $462 per ton, increasing by 4.5% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 62%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Singapore ($531 per ton), while the price for Egypt ($154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+39.7%), 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 Vietnam (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $1,228 per ton in 2022, declining by -10.5% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. The export price peaked at $1,373 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,814 per ton), while the average price for exports to Japan ($516 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 Japan (+15.6%), 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 Vietnam
In 2022, after three years of growth, there was significant decline in overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -34% to 4.1M tons. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 13%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced notably to $1.9B in 2022. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% 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 +15.1% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of $2.8B, and then contracted markedly in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 702 | 972 | 1,076 | 658 | -2.1% |
| United States | 393 | 286 | 735 | 430 | 3.0% |
| Hong Kong SAR | 119 | 129 | 233 | 188 | 16.5% |
| Australia | 159 | 89.9 | 265 | 163 | 0.8% |
| Singapore | 38.8 | 19.6 | 61.8 | 110 | 41.5% |
| Cambodia | 18.1 | 23.4 | 52.6 | 61.3 | 50.2% |
| New Zealand | 21.0 | 9.1 | 17.6 | 36.2 | 19.9% |
| Chile | 12.5 | 12.6 | 21.2 | 35.5 | 41.6% |
| South Korea | 24.6 | 13.7 | 33.1 | 31.5 | 8.6% |
| Egypt | 6.8 | 8.6 | 15.0 | 15.6 | 31.9% |
| Turkey | N/A | 2.7 | N/A | 13.1 | 120.3% |
| Others | 154 | 97.4 | 244 | 156 | 0.4% |
| Total | 1,649 | 1,664 | 2,753 | 1,898 | 4.8% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Vietnam in 2022:
- Japan (1308.2K tons)
- United States (890.4K tons)
- Hong Kong SAR (412.1K tons)
- Australia (313.9K tons)
- Singapore (206.5K tons)
- Cambodia (130.7K tons)
- Egypt (101.0K tons)
- South Korea (92.7K tons)
- Turkey (80.8K tons)
- Chile (73.2K tons)
- New Zealand (69.6K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Vietnam soared to 36K tons, with an increase of 24% against 2021 figures. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose significantly to $44M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.6 | 11.1 | 24.4 | 20.9 | 40.1% |
| South Korea | 9.0 | 6.9 | 9.6 | 16.2 | 21.6% |
| France | 1.7 | 1.1 | 1.2 | 2.1 | 7.3% |
| China | 0.6 | 1.1 | 0.9 | 1.8 | 44.2% |
| Taiwan (Chinese) | 1.8 | 1.7 | 1.4 | 1.7 | -1.9% |
| Japan | 0.4 | 0.7 | 0.8 | 1.0 | 35.7% |
| Indonesia | 0.6 | 0.1 | 0.4 | 0.1 | -45.0% |
| Thailand | 0.4 | 0.4 | 1.0 | 0.1 | -37.0% |
| Others | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Total | 22.4 | 23.3 | 39.9 | 44.1 | 25.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Vietnam in 2022:
- India (15.4K tons)
- South Korea (10.0K tons)
- France (3.9K tons)
- China (2.5K tons)
- Japan (1.9K tons)
- Taiwan (Chinese) (1.8K tons)
- Indonesia (0.2K tons)
- Thailand (0.1K tons)
398
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
691
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
398
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
691
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
