Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $825 per ton in 2022, falling by -17.6% against the previous year. In general, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 93%. As a result, the export price reached the peak level of $1,145 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,132 per ton), while the average price for exports to Tanzania ($100 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 India (+7.6%), 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 United Arab Emirates (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $392 per ton in 2022, picking up by 7.6% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +10.4% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 49%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($895 per ton), while the price for Trinidad and Tobago ($79 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+9.8%), 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 United Arab Emirates
In 2022, overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s were finally on the rise to reach 16K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a perceptible reduction.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $13M in 2022. Overall, exports, however, saw a mild descent. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.3 | 7.0 | 10.1 | 12.1 | 5.5% |
| China | 0.8 | N/A | N/A | 0.4 | -20.6% |
| Thailand | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Kenya | N/A | N/A | N/A | 0.1 | 0% |
| Kuwait | N/A | 2.9 | N/A | N/A | 0% |
| South Korea | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Malaysia | 0.2 | 0.2 | 1.7 | N/A | 191.5% |
| Tanzania | N/A | N/A | N/A | N/A | 0% |
| Oman | 2.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 0.8 | 0.2 | -12.6% |
| Total | 13.7 | 10.6 | 13.0 | 13.1 | -1.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from the United Arab Emirates in 2022:
- India (13.6K tons)
- Thailand (1.1K tons)
- Tanzania (0.5K tons)
- South Korea (0.4K tons)
- Kenya (0.3K tons)
- China (0.3K tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into the United Arab Emirates fell remarkably to 23K tons, shrinking by -33.5% against 2021. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s shrank markedly to $6M in 2022. In general, imports recorded a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 23%.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 6.8 | 3.9 | 3.1 | 2.3 | -30.3% |
| Trinidad and Tobago | 0.1 | N/A | 0.1 | 0.9 | 108.0% |
| New Zealand | 0.6 | 1.7 | 2.7 | 0.9 | 14.5% |
| South Africa | 0.5 | 0.3 | 0.2 | 0.6 | 6.3% |
| Mozambique | N/A | N/A | N/A | 0.2 | 0% |
| United States | 2.8 | 1.3 | 0.2 | 0.1 | -67.1% |
| Maldives | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | 2.8 | 0.4 | N/A | 0.1 | -67.1% |
| Tunisia | N/A | N/A | 4.6 | N/A | 0% |
| Others | 1.5 | 2.0 | 0.9 | 0.9 | -15.7% |
| Total | 15.0 | 9.6 | 11.8 | 6.0 | -26.3% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to the United Arab Emirates in 2022:
- Trinidad and Tobago (11.5K tons)
- Brazil (4.5K tons)
- New Zealand (2.1K tons)
- South Africa (1.6K tons)
- Mozambique (0.8K tons)
- Maldives (0.5K tons)
- United States (0.2K tons)
- United Kingdom (0.1K tons)
469
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
469
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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