Price for Ferrous Waste and Scrap; of Stainless Steel in Uganda - 2022

Price for Ferrous Waste and Scrap; of Stainless Steel in Uganda (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $2,051 per ton, which is down by -18.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 47% against the previous year. As a result, import price attained the peak level of $2,523 per ton, and then declined dramatically in the following year.

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 Tanzania ($2,418 per ton), while the price for South Sudan ($1,339 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Uganda (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $720 per ton, reducing by -13% against the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 when the average export price increased by 19% against the previous year. As a result, the export price attained the peak level of $1,664 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.1% per year.

Imports of Ferrous Waste and Scrap; of Stainless Steel in Uganda

Imports of ferrous waste and scrap; of stainless steels into Uganda fell dramatically to 32 tons in 2022, which is down by -20.9% against the previous year's figure. In general, imports showed a sharp setback.

In value terms, imports of ferrous waste and scrap; of stainless steels contracted dramatically to $65K in 2022. Overall, imports continue to indicate a precipitous slump. The smallest decline of -19.8% was in 2020.

Import of Ferrous Waste and Scrap; of Stainless Steel in Uganda (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kenya	49.3	48.4	19.7	23.5	-21.9%
Malawi	N/A	N/A	N/A	15.8	0%
Rwanda	29.7	24.7	8.5	8.6	-33.8%
Tanzania	14.0	13.4	5.3	6.2	-23.8%
Democratic Republic of the Congo	44.9	4.1	1.8	5.6	-50.0%
Japan	3.6	3.6	1.5	1.9	-19.2%
South Sudan	9.4	4.4	0.5	1.6	-44.6%
Canada	N/A	N/A	52.4	N/A	0%
Others	6.4	27.5	11.4	1.9	-33.3%
Total	157	126	101	65.0	-25.5%

Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Uganda in 2022:

Kenya (11.9 tons)
Malawi (7.7 tons)
Rwanda (4.2 tons)
Democratic Republic of the Congo (3.0 tons)
Tanzania (2.6 tons)
South Sudan (1.2 tons)
Japan (0.8 tons)

Exports of Ferrous Waste and Scrap; of Stainless Steel in Uganda

For the fourth year in a row, Uganda recorded growth in shipments abroad of ferrous waste and scrap; of stainless steels, which increased by 16% to 57 tons in 2022. In general, total exports indicated resilient 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, exports increased by +54.1% against 2019 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; of stainless steels reached $41K in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.