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

Contents:

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

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $440 per ton, increasing by 885% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,955 per ton), while the price for Australia stood at $393 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced a decline.

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

In 2020, the average export price for ferrous waste and scrap; of cast ira amounted to $264 per ton, growing by 1.9% against the previous year. Overall, the export price, however, saw a deep reduction. Over the period under review, the average export prices attained the maximum at $359 per ton in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

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

From 2015 to 2020, the rate of growth in terms of prices for Uganda amounted to -8.0% per year.

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

In 2022, approx. 67 tons of ferrous waste and scrap; of cast ira were imported into Kenya; declining by -99.4% compared with the year before. In general, imports continue to indicate a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 5,941%. As a result, imports attained the peak of 11K tons, and then fell rapidly in the following year.

In value terms, imports of ferrous waste and scrap; of cast ira shrank significantly to $30K in 2022. Overall, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 2,824% against the previous year.

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

1. Australia (66.1 tons)
2. India (1.2 tons)

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

In 2020, approx. 5.5 tons of ferrous waste and scrap; of cast ira were exported from Kenya; which is down by -38.4% on the previous year's figure. Overall, exports recorded a sharp decrease.

In value terms, exports of ferrous waste and scrap; of cast ira contracted dramatically to $1.5K in 2020. Over the period under review, exports recorded a dramatic slump.

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

1. Rwanda (5.5 tons)

Source: IndexBox Market Intelligence Platform