Price for Ferrous Waste and Scrap; of Stainless Steel in Bahrain - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Bahrain (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Stainless Steel in Bahrain (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Bahrain
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Bahrain
Price for Ferrous Waste and Scrap; of Stainless Steel in Bahrain (FOB) - 2022
The average export price for ferrous waste and scrap; of stainless steels stood at $1,283 per ton in December 2022, dropping by -32.6% against the previous month. Overall, the export price, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in July 2022 an increase of 120% month-to-month. As a result, the export price reached the peak level of $4,200 per ton. From August 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From May 2022 to December 2022, the rate of growth in terms of prices for India amounted to +4.8% per month.
Price for Ferrous Waste and Scrap; of Stainless Steel in Bahrain (CIF) - 2022
The average import price for ferrous waste and scrap; of stainless steels stood at $7,793 per ton in 2022, surging by 61% against the previous year. Overall, the import price posted a significant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 88%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,778 per ton), while the price for the United Arab Emirates ($2,858 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+66.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Bahrain
In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Bahrain surged to 699 tons, with an increase of 537% compared with the previous year's figure. Over the period under review, exports, however, saw a precipitous slump.
In value terms, exports of ferrous waste and scrap; of stainless steels skyrocketed to $953K in 2022. Overall, exports, however, faced a dramatic slump.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,768 | 2,156 | 121 | 768 | -24.3% |
| Pakistan | 103 | 67.9 | 9.4 | 65.4 | -14.0% |
| Saudi Arabia | 32.0 | 38.5 | 3.6 | 46.3 | 13.1% |
| Malaysia | 45.3 | 57.3 | 4.2 | 41.4 | -3.0% |
| United Arab Emirates | 54.1 | 48.0 | 3.3 | 31.4 | -16.6% |
| Others | 0.5 | 0.2 | 4.5 | 0.2 | -26.3% |
| Total | 2,003 | 2,368 | 146 | 953 | -21.9% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Bahrain in 2022:
- India (375.5 tons)
- Saudi Arabia (149.5 tons)
- Pakistan (76.3 tons)
- United Arab Emirates (63.3 tons)
- Malaysia (34.7 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Bahrain
In 2022, purchases abroad of ferrous waste and scrap; of stainless steels decreased by -47% to 13 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 249% against the previous year. As a result, imports reached the peak of 25 tons, and then dropped dramatically in the following year.
In value terms, imports of ferrous waste and scrap; of stainless steels declined to $105K in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 434%. As a result, imports attained the peak of $123K, and then reduced in the following year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.7 | 2.4 | 21.8 | 93.0 | 62.4% |
| United Kingdom | 2.0 | 0.2 | 1.8 | 6.1 | 45.0% |
| United Arab Emirates | 1.7 | 6.4 | 99.1 | 5.3 | 46.1% |
| Others | 0.2 | 14.0 | 0.1 | 0.5 | 35.7% |
| Total | 25.6 | 23.0 | 123 | 105 | 60.1% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Bahrain in 2022:
- United States (10.6 tons)
- United Arab Emirates (1.9 tons)
- United Kingdom (1.0 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bahrain.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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