Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia (CIF) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia (CIF) - 2022
In 2021, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $467 per ton, growing by 58% against the previous year. In general, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 165% against the previous year. As a result, import price attained the peak level of $1,603 per ton. From 2014 to 2021, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($472 per ton), while the price for France amounted to $444 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.0%), while the prices for the other major suppliers experienced a decline.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia
In 2021, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -49.1% to 297K tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 68%. As a result, imports attained the peak of 582K tons, and then fell markedly in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s plummeted to $139M in 2021. Overall, total imports indicated strong growth from 2019 to 2021: its value increased at an average annual rate of +12.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 57%. As a result, imports reached the peak of $172M, and then dropped markedly in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 109 | 86.2 | 121 | 5.4% | |
| France | 0.6 | 4.8 | 17.3 | 437.0% | |
| New Zealand | N/A | 8.2 | N/A | 0% | |
| Belgium | N/A | 7.1 | N/A | 0% | |
| United Kingdom | N/A | 42.6 | N/A | 0% | |
| Australia | N/A | 23.1 | N/A | 0% | |
| Others | 0.3 | 0.3 | 0.3 | 0.0% | |
| Total | 110 | 172 | 139 | 12.4% | |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Saudi Arabia in 2022:
- United States (256.2K tons)
- France (38.9K tons)
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