Price for Ferrous Waste and Scrap; of Cast Iron in Malaysia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Malaysia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in Malaysia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in Malaysia
- Exports of Ferrous Waste and Scrap; of Cast Iron in Malaysia
Price for Ferrous Waste and Scrap; of Cast Iron in Malaysia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $735 per ton, waning by -9.5% against the previous year. In general, the import price, however, saw notable growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 74% against the previous year. As a result, import price reached the peak level of $908 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,358 per ton), while the price for Australia ($477 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Malaysia (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $266 per ton, shrinking by -37.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $626 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($298 per ton), while the average price for exports to Bangladesh ($185 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Cast Iron in Malaysia
In 2022, approx. 16K tons of ferrous waste and scrap; of cast ira were imported into Malaysia; shrinking by -97.7% against the previous year. Over the period under review, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of 671K tons, and then dropped notably in the following year.
In value terms, imports of ferrous waste and scrap; of cast ira dropped significantly to $11M in 2022. In general, imports saw a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 21%.
| Import of Ferrous Waste and Scrap; of Cast Iron in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 219 | 173 | 211 | 3.3 | -75.3% |
| Japan | 181 | 135 | 163 | 2.2 | -77.0% |
| Australia | 23.7 | 20.0 | 17.6 | 1.7 | -58.5% |
| Canada | 18.0 | 9.3 | 11.4 | 0.5 | -69.7% |
| Saudi Arabia | 0.2 | 0.4 | 3.7 | 0.5 | 35.7% |
| Singapore | 15.5 | 7.2 | 10.7 | 0.5 | -68.2% |
| United Kingdom | 14.0 | 13.6 | 27.3 | 0.5 | -67.1% |
| Hong Kong SAR | 57.8 | 28.5 | 27.6 | 0.4 | -80.9% |
| China | 9.9 | 1.9 | 4.3 | 0.3 | -68.8% |
| South Korea | 11.2 | 13.6 | 10.1 | 0.3 | -70.1% |
| Spain | 3.9 | 6.6 | 10.6 | 0.3 | -57.5% |
| New Zealand | 10.6 | 1.9 | 1.2 | 0.1 | -78.9% |
| Others | 39.8 | 40.8 | 46.2 | 1.0 | -70.7% |
| Total | 604 | 452 | 545 | 11.4 | -73.4% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Malaysia in 2022:
- United States (3.9K tons)
- Australia (3.5K tons)
- Japan (2.8K tons)
- Singapore (1.0K tons)
- Saudi Arabia (0.7K tons)
- United Kingdom (0.7K tons)
- Canada (0.5K tons)
- Hong Kong SAR (0.5K tons)
- South Korea (0.5K tons)
- China (0.3K tons)
- Spain (0.2K tons)
- New Zealand (0.1K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Malaysia
For the third year in a row, Malaysia recorded decline in overseas shipments of ferrous waste and scrap; of cast ira, which decreased by -55.5% to 26K tons in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -14.7% was in 2020.
In value terms, exports of ferrous waste and scrap; of cast ira dropped notably to $6.8M in 2022. In general, exports saw a dramatic curtailment. The smallest decline of -21.6% was in 2020.
| Export of Ferrous Waste and Scrap; of Cast Iron in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.9 | 5.4 | 8.4 | 6.2 | 16.7% |
| India | 21.6 | 21.0 | 2.7 | 0.2 | -79.0% |
| Bangladesh | 5.3 | 0.5 | 0.9 | 0.1 | -73.4% |
| China | 44.0 | 39.3 | 9.1 | 0.1 | -86.9% |
| South Korea | 5.5 | 1.0 | 0.7 | N/A | -64.3% |
| Thailand | 2.6 | 1.8 | 0.2 | N/A | -72.3% |
| Indonesia | 11.1 | 5.2 | N/A | N/A | -53.2% |
| Others | 3.1 | 1.8 | 2.6 | 0.3 | -54.1% |
| Total | 97.0 | 76.1 | 24.6 | 6.8 | -58.8% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Malaysia in 2022:
- Singapore (24.1K tons)
- India (0.6K tons)
- Bangladesh (0.4K tons)
- China (0.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Malaysia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Malaysia.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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