Price for Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates
- Exports of Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates
Price for Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $518 per ton, falling by -6.7% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 79%. Over the period under review, average import prices reached the maximum at $556 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,109 per ton), while the price for Belize ($111 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+29.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (FOB) - 2022
The average export price for ferrous waste and scrap; of cast ira stood at $649 per ton in 2022, growing by 98% against the previous year. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($3,965 per ton), while the average price for exports to Oman ($228 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 Pakistan (+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 the United Arab Emirates
In 2022, the amount of ferrous waste and scrap; of cast ira imported into the United Arab Emirates dropped rapidly to 2.4K tons, waning by -71.2% against the previous year's figure. In general, imports continue to indicate a dramatic downturn. The smallest decline of -17.4% was in 2020.
In value terms, imports of ferrous waste and scrap; of cast ira dropped markedly to $1.2M in 2022. Overall, imports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 29%.
| Import of Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,266 | 1,647 | 1,437 | 711 | -39.8% |
| Netherlands | 33.0 | N/A | N/A | 206 | 84.1% |
| China | N/A | N/A | N/A | 190 | 0% |
| Oman | 26.0 | N/A | 37.5 | 29.5 | 4.3% |
| India | N/A | N/A | N/A | 18.0 | 0% |
| Japan | N/A | 63.8 | N/A | 13.8 | -53.5% |
| Cyprus | N/A | 4.6 | N/A | 9.7 | 45.2% |
| Belize | N/A | N/A | N/A | 6.9 | 0% |
| Singapore | 48.1 | 49.2 | N/A | 6.5 | -48.7% |
| Saint Vincent and the Grenadines | N/A | N/A | N/A | 4.0 | 0% |
| Malawi | N/A | 396 | 33.1 | N/A | -91.6% |
| Mozambique | 267 | 15.7 | N/A | N/A | -94.1% |
| Brazil | N/A | 257 | 420 | N/A | 63.4% |
| Others | 1,033 | 1,122 | 2,657 | 37.4 | -66.9% |
| Total | 4,674 | 3,555 | 4,584 | 1,233 | -35.9% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to the United Arab Emirates in 2022:
- United States (640.7 tons)
- China (605.8 tons)
- Netherlands (367.2 tons)
- India (152.8 tons)
- Oman (97.7 tons)
- Cyprus (86.4 tons)
- Japan (73.8 tons)
- Belize (62.5 tons)
- Singapore (56.0 tons)
- Saint Vincent and the Grenadines (35.8 tons)
Exports of Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates
In 2022, shipments abroad of ferrous waste and scrap; of cast ira decreased by -99.2% to 747 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 277%. As a result, the exports attained the peak of 91K tons, and then shrank dramatically in the following year.
In value terms, exports of ferrous waste and scrap; of cast ira contracted markedly to $485K in 2022. Over the period under review, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 252% against the previous year. As a result, the exports attained the peak of $30M, and then plummeted in the following year.
| Export of Ferrous Waste and Scrap; of Cast Iron in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.8 | 1.9 | 2.3 | 0.3 | -45.0% |
| Pakistan | 0.5 | 0.7 | 0.8 | 0.1 | -41.5% |
| Iraq | N/A | N/A | N/A | 0.1 | 0% |
| Thailand | 1.1 | 0.1 | N/A | N/A | -90.9% |
| Malaysia | 1.1 | 0.6 | 5.3 | N/A | 119.5% |
| Oman | N/A | 5.1 | 21.2 | N/A | 315.7% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 4.4 | 8.5 | 29.8 | 0.5 | -51.6% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from the United Arab Emirates in 2022:
- India (474.0 tons)
- Pakistan (251.3 tons)
- Iraq (18.2 tons)
- Oman (1.9 tons)
473
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
473
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the United Arab Emirates.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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