Price for Ferrous Waste and Scrap; of Cast Iron in Egypt - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Egypt (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Egypt (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Cast Iron in Egypt
4. Exports of Ferrous Waste and Scrap; of Cast Iron in Egypt

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $461 per ton, increasing by 13% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($461 per ton), while the price for China stood at $461 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for ferrous waste and scrap; of cast ira stood at $513 per ton in 2022, surging by 18% against the previous year. Overall, the export price continues to indicate slight growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +25.2% per year.

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

In 2022, the amount of ferrous waste and scrap; of cast ira imported into Egypt reduced remarkably to 48 tons, with a decrease of -99.3% compared with the year before. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year.

In value terms, imports of ferrous waste and scrap; of cast ira shrank remarkably to $22K in 2022. In general, imports showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 with an increase of 160% against the previous year. As a result, imports reached the peak of $2.6M, and then contracted rapidly in the following year.

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

1. China (34.5 tons)
2. Germany (13.3 tons)

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

For the third year in a row, Egypt recorded decline in overseas shipments of ferrous waste and scrap; of cast ira, which decreased by -99.9% to 80 kg in 2022. Overall, exports recorded a sharp decrease. The smallest decline of -51.9% was in 2021.

In value terms, exports of ferrous waste and scrap; of cast ira contracted remarkably to $41 in 2022. In general, exports recorded a sharp curtailment. The smallest decline of -32.5% was in 2021.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Egypt in 2022:

1. Singapore (80.0 kg)

Source: IndexBox Market Intelligence Platform