Price for Aluminium Waste and Scrap in Nepal - 2022

Contents:

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

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

In 2022, the average aluminium waste and scrap import price amounted to $1,188 per ton, shrinking by -12.9% against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 4.5% against the previous year. The import price peaked at $1,715 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,851 per ton), while the price for the UK ($538 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average aluminium waste and scrap export price stood at $592 per ton in 2022, waning by -8.9% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 86%. The export price peaked at $782 per ton in 2019; however, from 2020 to 2022, the 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 +7.8% per year.

Imports of Aluminium Waste and Scrap in Nepal

For the third consecutive year, Nepal recorded decline in overseas purchases of aluminium waste and scraps, which decreased by -46.2% to 170 tons in 2022. In general, imports saw a dramatic slump.

In value terms, aluminium waste and scrap imports contracted significantly to $202K in 2022. Over the period under review, imports saw a sharp reduction.

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

1. Philippines (33.5 tons)
2. Malaysia (23.8 tons)
3. Singapore (16.9 tons)
4. United Arab Emirates (15.0 tons)
5. Finland (13.1 tons)
6. United Kingdom (12.2 tons)
7. Thailand (11.2 tons)
8. Bulgaria (9.7 tons)
9. Australia (8.3 tons)
10. Saudi Arabia (7.1 tons)
11. United States (6.2 tons)
12. New Zealand (3.9 tons)

Exports of Aluminium Waste and Scrap in Nepal

In 2022, the amount of aluminium waste and scraps exported from Nepal soared to 98 tons, picking up by 17% against the previous year. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, aluminium waste and scrap exports totaled $58K in 2022. The total export value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.3% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. India (98.0 tons)

Source: IndexBox Market Intelligence Platform