Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $598 per ton in December 2022, dropping by -4.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in November 2022 an increase of 40% month-to-month. The import price peaked at $694 per ton in March 2022; however, from April 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the Philippines ($628 per ton) and Japan ($604 per ton), while the price for Taiwan (Chinese) ($561 per ton) and Thailand ($569 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $542 per ton, shrinking by -7.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 190% against the previous year. The export price peaked at $589 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($542 per ton) and China ($542 per ton), while the average price for exports to South Korea ($542 per ton) and France ($542 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam
In 2022, supplies from abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -30.9% to 89K tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 266%. As a result, imports reached the peak of 152K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped sharply to $36M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 282%.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.4 | 33.0 | 46.2 | 12.5 | 32.3% |
| Chile | 0.3 | 3.9 | 4.2 | 7.7 | 195.0% |
| United Kingdom | 0.3 | N/A | 1.0 | 5.1 | 157.1% |
| Australia | 0.6 | 0.3 | 4.2 | 4.4 | 94.3% |
| Hong Kong SAR | N/A | N/A | 1.7 | 3.2 | 88.2% |
| Philippines | 2.2 | 1.6 | 1.9 | 1.6 | -10.1% |
| New Zealand | 1.5 | 1.9 | 0.3 | N/A | -55.3% |
| Others | 1.3 | 3.4 | 2.7 | 1.9 | 13.5% |
| Total | 11.5 | 44.1 | 62.2 | 36.2 | 46.6% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Vietnam in 2022:
- Japan (30.5K tons)
- Chile (21.1K tons)
- Australia (11.1K tons)
- United Kingdom (9.9K tons)
- Philippines (7.4K tons)
- Hong Kong SAR (6.2K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam
After two years of decline, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s increased by 118% to 6.5K tons in 2022. In general, exports, however, showed a relatively flat trend pattern.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $3.5M in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,660 | 1,119 | 1,188 | 2,104 | 8.2% |
| China | 102 | N/A | 15.6 | 742 | 93.8% |
| Japan | 28.8 | 173 | 269 | 332 | 125.9% |
| Taiwan (Chinese) | 176 | 74.8 | 109 | 163 | -2.5% |
| Indonesia | 197 | 51.7 | 123 | 107 | -18.4% |
| South Korea | 283 | N/A | N/A | 18.4 | -59.8% |
| India | 414 | N/A | N/A | N/A | 0% |
| Others | 116 | 41.8 | 39.1 | 30.1 | -36.2% |
| Total | 2,977 | 1,460 | 1,745 | 3,497 | 5.5% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Vietnam in 2022:
- France (3881.5 tons)
- China (1368.2 tons)
- Japan (612.1 tons)
- Taiwan (Chinese) (301.3 tons)
- Indonesia (197.7 tons)
- South Korea (33.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
412
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
710
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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