Price for Ferrous Waste and Scrap; of Cast Iron in Bangladesh - 2022

Price for Ferrous Waste and Scrap; of Cast Iron in Bangladesh (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $340 per ton, with a decrease of -8.1% against the previous year. In general, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43%. The import price peaked at $443 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,160 per ton), while the price for Japan ($29 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Cast Iron in Bangladesh (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $605 per ton, picking up by 30% against the previous year. Overall, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2014 an increase of 98% against the previous year. As a result, the export price attained the peak level of $730 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.1% per year.

Imports of Ferrous Waste and Scrap; of Cast Iron in Bangladesh

In 2022, imports of ferrous waste and scrap; of cast ira into Bangladesh plummeted to 30K tons, with a decrease of -45.6% on the previous year's figure. Overall, imports showed a precipitous shrinkage. The smallest decline of -34.4% was in 2021.

In value terms, imports of ferrous waste and scrap; of cast ira contracted markedly to $10M in 2022. Over the period under review, imports faced a sharp slump. The smallest decline of -5.9% was in 2021.

Import of Ferrous Waste and Scrap; of Cast Iron in Bangladesh (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	4.4	0.3	1.9	2.2	-20.6%
Australia	17.0	11.9	11.3	1.8	-52.7%
Netherlands	1.0	0.9	1.1	1.0	0.0%
Brazil	1.9	1.3	0.2	0.9	-22.0%
Mauritius	0.9	0.8	1.2	0.9	0.0%
Philippines	0.3	0.4	0.2	0.5	18.6%
Norway	N/A	0.1	0.2	0.5	123.6%
China	0.4	0.3	0.4	0.4	0.0%
South Africa	1.0	0.4	0.3	0.2	-41.5%
United Arab Emirates	0.2	0.2	0.2	0.2	0.0%
Singapore	0.2	0.2	0.2	0.2	0.0%
Panama	0.2	0.2	0.2	0.2	0.0%
Japan	0.1	N/A	N/A	N/A	0%
Others	13.0	4.5	2.6	1.1	-56.1%
Total	40.6	21.4	20.1	10.1	-37.1%

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Bangladesh in 2022:

Philippines (6.0K tons)
Australia (3.8K tons)
United Kingdom (3.8K tons)
China (2.6K tons)
Mauritius (2.1K tons)
Brazil (1.7K tons)
Norway (1.2K tons)
Netherlands (0.9K tons)
United Arab Emirates (0.8K tons)
Japan (0.8K tons)
South Africa (0.7K tons)
Panama (0.7K tons)
Singapore (0.6K tons)

Exports of Ferrous Waste and Scrap; of Cast Iron in Bangladesh

In 2022, exports of ferrous waste and scrap; of cast ira from Bangladesh shrank to 950 tons, reducing by -8.9% against the previous year's figure. Overall, exports saw a dramatic decrease. The smallest decline of -8.1% was in 2021.

In value terms, exports of ferrous waste and scrap; of cast ira soared to $575K in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year.