Price for Ferrous Waste and Scrap; of Cast Iron in Thailand - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in Thailand (CIF) - 2024
- Price for Ferrous Waste and Scrap; of Cast Iron in Thailand (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in Thailand
- Exports of Ferrous Waste and Scrap; of Cast Iron in Thailand
Price for Ferrous Waste and Scrap; of Cast Iron in Thailand (CIF) - 2024
In November 2023, the average import price for ferrous waste and scrap; of cast ira amounted to $259 per ton, with an increase of 7.3% against the previous month. In general, the import price, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 9.2% month-to-month. The import price peaked at $380 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Myanmar ($297 per ton), while the price for Cambodia amounted to $257 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Puerto Rico (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in Thailand (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $272 per ton in 2022, dropping by -67.7% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 90% against the previous year. The export price peaked at $840 per ton in 2021, and then contracted remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($809 per ton), while the average price for exports to Taiwan (Chinese) ($80 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 Trinidad and Tobago (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Cast Iron in Thailand
In 2022, the amount of ferrous waste and scrap; of cast ira imported into Thailand soared to 303K tons, rising by 18% against the year before. Over the period under review, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 84%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of cast ira surged to $136M in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 196%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ferrous Waste and Scrap; of Cast Iron in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 3.3 | 0.2 | 39.9 | 43.7 | 136.6% |
| Trinidad and Tobago | 10.4 | 4.8 | 10.8 | 17.2 | 18.3% |
| Haiti | 5.6 | 4.1 | 6.1 | 10.9 | 24.9% |
| Dominican Republic | 9.0 | 4.0 | 7.0 | 10.4 | 4.9% |
| Australia | 2.6 | 0.6 | 8.9 | 9.0 | 51.3% |
| Jamaica | 3.6 | 1.6 | 3.6 | 6.7 | 23.0% |
| Costa Rica | 8.9 | 2.5 | 3.8 | 6.4 | -10.4% |
| Cambodia | N/A | 0.3 | 0.6 | 4.8 | 300.0% |
| Puerto Rico | N/A | 0.6 | 1.4 | 3.8 | 151.7% |
| Panama | 14.6 | 5.0 | 2.1 | 3.6 | -37.3% |
| Venezuela | 0.2 | 0.1 | 0.4 | 3.6 | 162.1% |
| New Zealand | N/A | N/A | 0.5 | 3.2 | 540.0% |
| Bahamas | 3.8 | 1.5 | 1.8 | 0.9 | -38.1% |
| Others | 15.9 | 9.2 | 15.2 | 12.1 | -8.7% |
| Total | 77.8 | 34.5 | 102 | 136 | 20.5% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Thailand in 2022:
- Myanmar (98.5K tons)
- Trinidad and Tobago (38.0K tons)
- Haiti (24.6K tons)
- Dominican Republic (24.3K tons)
- Australia (18.0K tons)
- Jamaica (14.9K tons)
- Costa Rica (14.7K tons)
- Cambodia (11.0K tons)
- Panama (8.5K tons)
- Puerto Rico (8.3K tons)
- Venezuela (7.2K tons)
- New Zealand (6.8K tons)
- Bahamas (2.1K tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in Thailand
In 2022, the amount of ferrous waste and scrap; of cast ira exported from Thailand declined remarkably to 325 tons, shrinking by -56.3% compared with 2021. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of 744 tons, and then dropped significantly in the following year.
In value terms, exports of ferrous waste and scrap; of cast ira dropped remarkably to $88K in 2022. In general, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of $625K, and then fell rapidly in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | N/A | N/A | 30.5 | 84.0% |
| Taiwan (Chinese) | 24.6 | 31.7 | 20.5 | 13.5 | -18.1% |
| Puerto Rico | N/A | N/A | N/A | 12.3 | 0% |
| Myanmar | N/A | N/A | N/A | 11.2 | 0% |
| Trinidad and Tobago | N/A | N/A | N/A | 7.5 | 0% |
| Japan | 1.5 | 4.2 | 11.5 | 7.4 | 70.2% |
| Jamaica | N/A | N/A | N/A | 5.0 | 0% |
| Hong Kong SAR | N/A | N/A | 24.3 | 1.0 | -95.9% |
| Malaysia | 145 | 224 | 547 | N/A | 94.2% |
| India | 83.5 | 11.7 | N/A | N/A | -86.0% |
| Others | 11.1 | 25.9 | 22.7 | N/A | 43.0% |
| Total | 270 | 298 | 625 | 88.4 | -31.1% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Thailand in 2022:
- Taiwan (Chinese) (168.8 tons)
- Myanmar (40.1 tons)
- China (37.7 tons)
- Puerto Rico (23.1 tons)
- Trinidad and Tobago (18.6 tons)
- Japan (12.9 tons)
- Jamaica (12.2 tons)
- Hong Kong SAR (12.0 tons)
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
409
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Thailand.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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