Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $345 per ton, picking up by 6.9% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +74.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($435 per ton), while the price for Canada ($293 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $462 per ton in 2022, with an increase of 3.2% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +11.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 37%. Over the period under review, the average export prices attained the maximum at $658 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,100 per ton), while the average price for exports to Bangladesh ($253 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 China (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru
For the fourth year in a row, Peru recorded growth in overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 2.7% to 35K tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s rose markedly to $12M in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 2.0 | 8.5 | 8.5 | 19.3% |
| Canada | N/A | 7.7 | 2.5 | 3.7 | -30.7% |
| Chile | 0.1 | 0.4 | 0.2 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.1 | 10.1 | 11.1 | 12.2 | 33.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Peru in 2022:
- United States (22.7K tons)
- Canada (12.6K tons)
- Chile (0.2K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru
For the fourth year in a row, Peru recorded growth in shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 37% to 13K tons in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 81% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $6M in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 556 | 640 | 2,721 | 2,914 | 73.7% |
| Bangladesh | N/A | N/A | N/A | 605 | 0% |
| China | 5.8 | 235 | 261 | 455 | 328.1% |
| Taiwan (Chinese) | 14.8 | 19.8 | 59.1 | 354 | 188.1% |
| Vietnam | N/A | N/A | N/A | 196 | 0% |
| Ecuador | 31.9 | 154 | 111 | 193 | 82.2% |
| Netherlands | 377 | 433 | 27.4 | 163 | -24.4% |
| Indonesia | 56.5 | 86.5 | 62.1 | 127 | 31.0% |
| Panama | 3.6 | 31.0 | 35.8 | 122 | 223.6% |
| Thailand | 21.1 | 82.9 | 43.0 | 64.7 | 45.3% |
| Others | 327 | 598 | 837 | 844 | 37.2% |
| Total | 1,394 | 2,280 | 4,158 | 6,036 | 63.0% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Peru in 2022:
- India (6.1K tons)
- Bangladesh (2.4K tons)
- Taiwan (Chinese) (0.8K tons)
- Netherlands (0.6K tons)
- Vietnam (0.6K tons)
- Ecuador (0.5K tons)
- Panama (0.4K tons)
- Indonesia (0.4K tons)
- China (0.4K tons)
- Thailand (0.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Peru.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
421
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Peru.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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