India: Market for Remelting Scrap Ingots Of Iron Or Steel 2024

Market Size for Remelting Scrap Ingots Of Iron Or Steel in India

The Indian metal remelting scrap ingots market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a deep contraction. Metal remelting scrap ingots consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Remelting Scrap Ingots Of Iron Or Steel in India

In value terms, metal remelting scrap ingots production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Exports of Remelting Scrap Ingots Of Iron Or Steel

Exports from India

In 2022, the amount of remelting scrap ingots of iron or steel exported from India shrank to X tons, waning by X% against 2021 figures. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal remelting scrap ingots exports dropped notably to $X in 2022. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal remelting scrap ingots exports from India, with a X% share of total exports. Moreover, metal remelting scrap ingots exports to Saudi Arabia exceeded the volume sent to the second major destination, Germany (X tons), ninefold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Oman (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for remelting scrap ingots of iron or steel exports from India, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average metal remelting scrap ingots export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Remelting Scrap Ingots Of Iron Or Steel

Imports into India

After two years of growth, supplies from abroad of remelting scrap ingots of iron or steel decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a temperate increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, metal remelting scrap ingots imports reduced markedly to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main metal remelting scrap ingots supplier to India, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Oman (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of remelting scrap ingots of iron or steel to India, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Oman (X% per year).

Import Prices by Country

The average metal remelting scrap ingots import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 the United States ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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