Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $413 per ton, increasing by 12% against the previous year. Overall, the import price, however, saw a mild descent. The growth pace was the most rapid in 2021 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $455 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($440 per ton) and the UK ($438 per ton), while the price for Chile ($301 per ton) and South Africa ($366 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $1,332 per ton in 2022, growing by 55% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2021 an increase of 120%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($2,285 per ton), while the average price for exports to India stood at $495 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+18.1%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh
Imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Bangladesh contracted significantly to 196K tons in 2022, waning by -60.4% compared with the previous year. Overall, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of 496K tons, and then fell notably in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped notably to $81M in 2022. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 204%. As a result, imports reached the peak of $183M, and then contracted significantly in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 40.9 | 27.0 | 152 | 41.0 | 0.1% |
| South Africa | 11.8 | 4.0 | 1.3 | 14.5 | 7.1% |
| Australia | 16.4 | 10.2 | 4.5 | 12.2 | -9.4% |
| Brazil | 6.3 | 7.5 | 12.7 | 7.7 | 6.9% |
| Dominican Republic | 0.8 | N/A | 0.6 | 2.5 | 46.2% |
| Chile | 10.0 | 5.3 | N/A | 0.8 | -56.9% |
| Poland | 3.3 | N/A | N/A | 0.2 | -60.7% |
| Malaysia | 2.8 | 4.5 | 5.9 | N/A | 45.2% |
| Others | 7.5 | 1.6 | 5.4 | 2.5 | -30.7% |
| Total | 99.9 | 60.0 | 183 | 81.2 | -6.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Bangladesh in 2022:
- United Kingdom (93.5K tons)
- South Africa (39.4K tons)
- Australia (29.2K tons)
- Brazil (17.4K tons)
- Dominican Republic (6.6K tons)
- Chile (2.5K tons)
- Poland (0.5K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Bangladesh soared to 1.6K tons in 2022, growing by 34% on 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 269% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $2.1M in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 446% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,386 | N/A | 458 | 1,689 | 6.8% |
| India | 317 | 13.5 | 548 | 417 | 9.6% |
| Malaysia | N/A | 13.4 | 12.7 | N/A | -5.2% |
| Singapore | N/A | 160 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,703 | 187 | 1,020 | 2,106 | 7.3% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Bangladesh in 2022:
- India (841.8 tons)
- Japan (739.1 tons)
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