Price for Ferrous Waste and Scrap; of Cast Iron in Pakistan - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Pakistan (CIF) - 2023
- Price for Ferrous Waste and Scrap; of Cast Iron in Pakistan (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in Pakistan
- Exports of Ferrous Waste and Scrap; of Cast Iron in Pakistan
Price for Ferrous Waste and Scrap; of Cast Iron in Pakistan (CIF) - 2023
The average import price for ferrous waste and scrap; of cast ira stood at $320 per ton in June 2023, falling by -12.1% against the previous month. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in March 2023 an increase of 48% month-to-month. As a result, import price reached the peak level of $534 per ton. From April 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United Arab Emirates ($341 per ton), while the price for China ($221 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.9%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Cast Iron in Pakistan (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $759 per ton in 2022, declining by -8.9% against the previous year. In general, the export price continues to indicate a mild downturn. The growth pace was the most rapid in 2015 when the average export price increased by 90%. As a result, the export price reached the peak level of $960 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +93.0% per year.
Imports of Ferrous Waste and Scrap; of Cast Iron in Pakistan
In 2022, purchases abroad of ferrous waste and scrap; of cast ira decreased by -27.6% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year.
In value terms, imports of ferrous waste and scrap; of cast ira fell sharply to $1.4M in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 41% against the previous year.
| Import of Ferrous Waste and Scrap; of Cast Iron in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 459 | 712 | 824 | 525 | 4.6% |
| Japan | 265 | 474 | 502 | 446 | 18.9% |
| Malaysia | 118 | 126 | 101 | 96.9 | -6.4% |
| China | 182 | 118 | 90.4 | 59.5 | -31.1% |
| South Korea | 20.8 | 29.6 | 48.2 | 54.8 | 38.1% |
| Thailand | 23.0 | 29.8 | 25.9 | 32.2 | 11.9% |
| Australia | 51.0 | 94.6 | 58.5 | 30.5 | -15.7% |
| Hong Kong SAR | 33.5 | 34.0 | 45.5 | 30.4 | -3.2% |
| Singapore | 19.0 | 31.0 | 66.2 | 27.8 | 13.5% |
| United States | N/A | 29.1 | 30.6 | 25.9 | -5.7% |
| Others | 51.0 | 45.0 | 223 | 70.4 | 11.3% |
| Total | 1,223 | 1,724 | 2,015 | 1,400 | 4.6% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Pakistan in 2022:
- United Arab Emirates (1202.0 tons)
- Japan (975.0 tons)
- Malaysia (212.0 tons)
- China (137.0 tons)
- South Korea (117.0 tons)
- Thailand (72.0 tons)
- Hong Kong SAR (67.0 tons)
- Australia (64.0 tons)
- Singapore (62.0 tons)
- United States (51.9 tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Pakistan
In 2022, approx. 59 tons of ferrous waste and scrap; of cast ira were exported from Pakistan; reducing by -54.4% on the year before. In general, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 180%.
In value terms, exports of ferrous waste and scrap; of cast ira fell remarkably to $45K in 2022. Over the period under review, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 404% against the previous year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 15.6 | 14.5 | 43.0 | 44.7 | 42.0% |
| South Korea | 7.4 | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | 31.4 | N/A | 0% |
| United Kingdom | 119 | N/A | N/A | N/A | 0% |
| Singapore | N/A | N/A | 31.3 | N/A | 0% |
| Netherlands | 82.9 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 6.8 | 1.9 | N/A | -11.0% |
| Total | 227 | 21.3 | 108 | 44.7 | -41.8% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Pakistan in 2022:
- United Arab Emirates (58.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Pakistan.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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