Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $493 per ton in 2022, growing by 47% against the previous year. In general, the export price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of 114%. Over the period under review, the average export prices reached the peak figure at $792 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($621 per ton), while the average price for exports to Colombia ($184 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 Portugal (+38.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $257 per ton, waning by -9.5% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 120% against the previous year. Over the period under review, average import prices attained the maximum at $1,309 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to -8.0% per year.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela
For the fourth consecutive year, Venezuela recorded growth in shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, which increased by 2.6% to 2.1K tons in 2022. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s soared to $1M in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 97%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 827 | 0% |
| Colombia | 133 | 91.5 | 3.5 | 105 | -7.6% |
| United States | 652 | 117 | 2.4 | 54.9 | -56.2% |
| Malaysia | N/A | 136 | 0.2 | N/A | -99.9% |
| Kuwait | N/A | N/A | 639 | N/A | 0% |
| Others | N/A | N/A | 33.4 | 26.7 | -20.1% |
| Total | 785 | 344 | 679 | 1,014 | 8.9% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Venezuela in 2022:
- Thailand (1367.4 tons)
- Colombia (567.6 tons)
- United States (88.5 tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela
In 2022, purchases abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s increased by 13% to 22 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp descent.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s rose modestly to $5.7K in 2022. In general, imports, however, showed a sharp slump. The growth pace was the most rapid in 2021 with an increase of 2%.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 1.5 | 5.6 | 5.7 | 39.5% |
| Panama | 14.2 | N/A | N/A | N/A | 0% |
| Brazil | N/A | 4.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.3 | 5.5 | 5.6 | 5.7 | -29.5% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Venezuela in 2022:
- United States (22.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Venezuela.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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