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

Contents:

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

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $948 per ton, jumping by 15% against the previous year. Over the period under review, the import price posted a temperate increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,406 per ton), while the price for Singapore ($320 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $485 per ton, increasing by 65% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of cast ira increased by +80.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,678 per ton), while the average price for exports to India totaled $288 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferrous Waste and Scrap; of Cast Iron in Sri Lanka

For the fourth consecutive year, Sri Lanka recorded growth in overseas purchases of ferrous waste and scrap; of cast ira, which increased by 31% to 1K tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 128%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $993K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 103% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. Sweden (626.7 tons)
2. United States (194.3 tons)
3. Malaysia (190.9 tons)
4. Singapore (36.0 tons)

Exports of Ferrous Waste and Scrap; of Cast Iron in Sri Lanka

In 2022, overseas shipments of ferrous waste and scrap; of cast ira decreased by -77.8% to 227 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 63% against the previous year. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ferrous waste and scrap; of cast ira fell markedly to $110K in 2022. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2020 with an increase of 39%. As a result, the exports reached the peak of $489K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. India (194.7 tons)
2. Malaysia (32.2 tons)

Source: IndexBox Market Intelligence Platform