Price for Ferrous Waste and Scrap; of Stainless Steel in Chile - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Stainless Steel in Chile (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Stainless Steel in Chile (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Stainless Steel in Chile
- Imports of Ferrous Waste and Scrap; of Stainless Steel in Chile
Price for Ferrous Waste and Scrap; of Stainless Steel in Chile (FOB) - 2024
In January 2024, the average export price for ferrous waste and scrap; of stainless steels amounted to $1,510 per ton, dropping by -9.4% against the previous month. Overall, the export price showed a deep contraction. The pace of growth appeared the most rapid in December 2023 an increase of 6.2% m-o-m. The export price peaked at $1,932 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($2,297 per ton), while the average price for exports to India ($1,114 per ton) was amongst the lowest.
From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Stainless Steel in Chile (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $2,256 per ton, with an increase of 34% against the previous year. In general, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average import price increased by 206%. Over the period under review, average import prices attained the maximum at $13,042 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,956 per ton), while the price for Bolivia ($1,493 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Stainless Steel in Chile
In 2022, approx. 8.6K tons of ferrous waste and scrap; of stainless steels were exported from Chile; jumping by 17% on the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of stainless steels skyrocketed to $18M in 2022. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Stainless Steel in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | 0.4 | 3.6 | 5.7 | 73.0% |
| Thailand | 1.5 | 1.6 | 1.5 | 3.2 | 28.7% |
| India | 6.2 | 4.7 | 4.0 | 2.0 | -31.4% |
| United Kingdom | 0.6 | 0.2 | 1.4 | 2.0 | 49.4% |
| China | N/A | N/A | N/A | 1.2 | 0% |
| Spain | 0.1 | 0.3 | 0.2 | 1.0 | 115.4% |
| Taiwan (Chinese) | 0.5 | 0.6 | 0.4 | 0.8 | 17.0% |
| Malaysia | 0.2 | N/A | 1.0 | 0.4 | 26.0% |
| Others | 0.5 | 0.6 | 1.1 | 1.1 | 30.1% |
| Total | 10.8 | 8.3 | 13.3 | 17.5 | 17.5% |
Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Chile in 2022:
- Netherlands (2532.9 tons)
- Thailand (2008.0 tons)
- India (900.8 tons)
- United Kingdom (839.3 tons)
- China (835.1 tons)
- Spain (467.8 tons)
- Taiwan (Chinese) (368.8 tons)
- Malaysia (190.1 tons)
Imports of Ferrous Waste and Scrap; of Stainless Steel in Chile
In 2022, overseas purchases of ferrous waste and scrap; of stainless steels decreased by -37.5% to 337 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 5,780% against the previous year. As a result, imports attained the peak of 646 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ferrous waste and scrap; of stainless steels contracted sharply to $761K in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 756% against the previous year.
| Import of Ferrous Waste and Scrap; of Stainless Steel in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 650 | 735 | 555 | 552.3% |
| India | N/A | 45.7 | 52.8 | 123 | 64.1% |
| Bolivia | N/A | 10.8 | 107 | 78.9 | 170.3% |
| Others | 82.4 | 15.3 | 13.8 | 4.5 | -62.1% |
| Total | 84.3 | 722 | 909 | 761 | 108.2% |
Top Suppliers of Ferrous Waste and Scrap; of Stainless Steel to Chile in 2022:
- China (242.5 tons)
- Bolivia (52.9 tons)
- India (41.0 tons)
566
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Chile.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
566
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Chile.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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