Price for Ferrous Waste and Scrap; of Stainless Steel in Angola - 2022

Price for Ferrous Waste and Scrap; of Stainless Steel in Angola (FOB) - 2022

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $975 per ton, dropping by -30.9% against the previous year. Overall, the export price saw a pronounced setback. The growth pace was the most rapid in 2021 an increase of 163% against the previous year. As a result, the export price reached the peak level of $1,411 per ton, and then contracted sharply in the following year.

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 India ($1,083 per ton), while the average price for exports to the United Arab Emirates ($335 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 the Netherlands (-3.8%), while the prices for the other major destinations experienced a decline.

Price for Ferrous Waste and Scrap; of Stainless Steel in Angola (CIF) - 2022

The average import price for ferrous waste and scrap; of stainless steels stood at $1,282 per ton in 2022, shrinking by -32.3% against the previous year. In general, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $3,777 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Namibia ($13,500 per ton), while the price for the United States ($1,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Stainless Steel in Angola

In 2022, exports of ferrous waste and scrap; of stainless steels from Angola soared to 475 tons, jumping by 125% against the year before. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 264%. As a result, the exports attained the peak of 2.4K 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 stainless steels soared to $463K in 2022. Over the period under review, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Ferrous Waste and Scrap; of Stainless Steel in Angola (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	444	25.2	233	396	-3.7%
France	39.0	36.1	35.1	39.0	0.0%
Netherlands	39.3	29.2	22.8	20.4	-19.6%
United Arab Emirates	91.8	8.6	7.0	6.6	-58.4%
Burkina Faso	N/A	583	N/A	N/A	0%
Senegal	N/A	620	N/A	N/A	0%
Others	67.6	N/A	0.4	0.2	-85.6%
Total	681	1,302	298	463	-12.1%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Angola in 2022:

India (366.0 tons)
France (63.7 tons)
Netherlands (25.1 tons)
United Arab Emirates (19.7 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Angola

In 2022, imports of ferrous waste and scrap; of stainless steels into Angola soared to 5.1 tons, increasing by 176% against 2021 figures. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 890%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of stainless steels soared to $6.5K in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 652% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.