Price for Aluminium Waste and Scrap in Iraq - 2022

Contents:

1. Price for Aluminium Waste and Scrap in Iraq (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Iraq (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Iraq
4. Imports of Aluminium Waste and Scrap in Iraq

Price for Aluminium Waste and Scrap in Iraq (FOB) - 2022

In 2022, the average aluminium waste and scrap export price amounted to $1,991 per ton, increasing by 9.9% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium waste and scrap export price increased by +75.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 60%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($2,536 per ton), while the average price for exports to Iran ($1,085 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 South Korea (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Aluminium Waste and Scrap in Iraq (CIF) - 2022

The average aluminium waste and scrap import price stood at $1,348 per ton in 2022, waning by -15.4% against the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 93%. The import price peaked at $3,036 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($26,161 per ton), while the price for the United Arab Emirates amounted to $576 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%).

Exports of Aluminium Waste and Scrap in Iraq

In 2022, overseas shipments of aluminium waste and scraps decreased by -43% to 6.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 152% against the previous year. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium waste and scrap exports dropped rapidly to $13M in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 112%.

Top Export Markets for Aluminium Waste and Scrap from Iraq in 2022:

1. Saudi Arabia (3.5K tons)
2. Iran (2.4K tons)
3. South Korea (0.6K tons)

Imports of Aluminium Waste and Scrap in Iraq

In 2022, the amount of aluminium waste and scraps imported into Iraq surged to 39 tons, picking up by 377% compared with 2021. Over the period under review, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium waste and scrap imports surged to $52K in 2022. Overall, imports, however, showed a abrupt shrinkage.

Top Suppliers of Aluminium Waste and Scrap to Iraq in 2022:

1. United Arab Emirates (37.7 tons)
2. Turkey (1.2 tons)

Source: IndexBox Market Intelligence Platform