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

Contents:

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

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

The average export price for ferrous waste and scrap; of cast ira stood at $199 per ton in 2022, growing by 1.9% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 5.7%. The export price peaked at $366 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($433 per ton), while the average price for exports to Pakistan ($170 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for ferrous waste and scrap; of cast ira stood at $694 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 78,599% against the previous year. Over the period under review, average import prices hit record highs at $1,172 per ton in 2016; however, from 2017 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 Australia.

From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

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

In 2022, the amount of ferrous waste and scrap; of cast ira exported from Kuwait surged to 33K tons, picking up by 120% against the year before. Over the period under review, exports, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2021 with an increase of 132%.

In value terms, exports of ferrous waste and scrap; of cast ira soared to $6.6M in 2022. Overall, exports, however, showed a abrupt slump.

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

1. India (22.9K tons)
2. Pakistan (9.6K tons)
3. United Arab Emirates (0.5K tons)

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

In 2022, overseas purchases of ferrous waste and scrap; of cast ira decreased by -49.6% to 25 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a measured increase.

In value terms, imports of ferrous waste and scrap; of cast ira contracted markedly to $17K in 2022. Overall, imports, however, saw a measured expansion.

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

1. Australia (24.8 tons)
2. South Korea (0.4 tons)

Source: IndexBox Market Intelligence Platform