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

Contents:

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

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

In 2022, the average export price for ferrous waste and scrap; of cast ira amounted to $450 per ton, shrinking by -28.3% against the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 173% against the previous year. As a result, the export price attained the peak level of $627 per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,939 per ton), while the average price for exports to Colombia ($229 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 Thailand (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $510 per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 an increase of 23%. As a result, import price reached the peak level of $553 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Aruba.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +0.6% per year.

Exports of Ferrous Waste and Scrap; of Cast Iron in Venezuela

In 2022, after two years of decline, there was significant growth in shipments abroad of ferrous waste and scrap; of cast ira, when their volume increased by 341% to 8.7K tons. Overall, exports, however, continue to indicate a deep downturn.

In value terms, exports of ferrous waste and scrap; of cast ira skyrocketed to $3.9M in 2022. In general, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Thailand (6.5K tons)
2. Colombia (1.4K tons)
3. India (0.6K tons)
4. Malaysia (0.2K tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Venezuela

Imports of ferrous waste and scrap; of cast ira into Venezuela rose sharply to 312 tons in 2022, increasing by 7.7% against the previous year. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of ferrous waste and scrap; of cast ira totaled $159K in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 7.2%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. Aruba (312.0 tons)

Source: IndexBox Market Intelligence Platform