Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sudan - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sudan (CIF) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sudan
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sudan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $309 per ton, remaining stable against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 +53.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63% against the previous year. Over the period under review, average import prices attained the maximum at $414 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($309 per ton), while the price for China stood at $309 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Sudan
For the fourth consecutive year, Sudan recorded growth in overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 20% to 20K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $6M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 20%. 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 Sudan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 3.6 | 4.3 | 5.1 | 15.6% |
| Australia | N/A | 0.6 | 0.8 | 0.9 | 22.5% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 3.5 | 4.2 | 5.0 | 6.0 | 19.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Sudan in 2022:
- China (16.6K tons)
- Australia (2.9K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sudan.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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