Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $543 per ton in 2022, rising by 93% against the previous year. In general, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($675 per ton), while the average price for exports to China ($109 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 Malaysia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $5,659 per ton in 2022, rising by 488% against the previous year. In general, the import price showed a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($25,182 per ton), while the price for Hong Kong SAR ($94 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+349.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines
Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from the Philippines plummeted to 7.8K tons in 2022, declining by -63.9% on 2021 figures. In general, exports saw a sharp slump. The smallest decline of -4.6% was in 2020.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s fell dramatically to $2.2M in 2022. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.7% against the previous year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,162 | 1,032 | 1,824 | 1,560 | -10.3% |
| Taiwan (Chinese) | 852 | 413 | 627 | 405 | -22.0% |
| Malaysia | 824 | 159 | 151 | 180 | -39.8% |
| South Korea | 98.4 | 1,418 | 675 | 6.0 | -60.6% |
| China | 2,417 | 255 | 549 | 4.1 | -88.1% |
| Thailand | 124 | 140 | 967 | N/A | 179.3% |
| India | 4.9 | 320 | 247 | N/A | 610.0% |
| Others | 657 | 1,564 | 404 | 10.0 | -75.2% |
| Total | 7,141 | 5,300 | 5,444 | 2,166 | -32.8% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from the Philippines in 2022:
- Vietnam (6.6K tons)
- Taiwan (Chinese) (0.8K tons)
- Malaysia (0.3K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s imported into the Philippines skyrocketed to 637 tons, growing by 363% on the year before. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $406K in 2022. In general, imports, however, recorded a precipitous decrease.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.1 | 68.3 | 86.1 | 200 | 301.1% |
| Japan | 323 | 22.3 | 20.3 | 59.4 | -43.1% |
| Hong Kong SAR | 1.3 | N/A | N/A | 49.1 | 235.5% |
| China | 11.5 | 2.5 | 35.4 | 18.4 | 17.0% |
| South Korea | 117 | N/A | N/A | N/A | 0% |
| Australia | 123 | N/A | 0.3 | N/A | -95.1% |
| Others | 335 | 8.8 | 6.8 | 79.4 | -38.1% |
| Total | 913 | 102 | 149 | 406 | -23.7% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to the Philippines in 2022:
- Hong Kong SAR (524.1 tons)
- Taiwan (Chinese) (84.5 tons)
- China (22.9 tons)
- Japan (2.4 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Philippines.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Philippines.
708
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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