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

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

In 2022, the average export price for ferrous waste and scrap; of stainless steels amounted to $367 per ton, with a decrease of -4.3% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 29%. Over the period under review, the average export prices hit record highs at $564 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.2% per year.

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

The average import price for ferrous waste and scrap; of stainless steels stood at $1,450 per ton in 2022, falling by -39% against the previous year. Overall, the import price, however, recorded measured growth. The most prominent rate of growth was recorded in 2013 an increase of 182%. As a result, import price attained the peak level of $3,106 per ton. From 2014 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 India.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +209.4% per year.

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

For the third consecutive year, Nepal recorded decline in shipments abroad of ferrous waste and scrap; of stainless steels, which decreased by -1.3% to 28 tons in 2022. Overall, exports recorded a mild setback. The smallest decline of -1.3% was in 2020.

In value terms, exports of ferrous waste and scrap; of stainless steels fell to $10K in 2022. In general, exports recorded a deep slump. The smallest decline of -5.5% was in 2020.

Export of Ferrous Waste and Scrap; of Stainless Steel in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	12.2	9.2	9.7	10.3	-5.5%
Netherlands	N/A	2.3	1.2	N/A	-47.8%
Others	N/A	N/A	N/A	N/A	0%
Total	12.2	11.5	10.9	10.3	-5.5%

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

India (27.9 tons)

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

In 2022, the amount of ferrous waste and scrap; of stainless steels imported into Nepal skyrocketed to 4.9 tons, growing by 110% against the previous year's figure. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 203% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of ferrous waste and scrap; of stainless steels soared to $7.1K in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 307%. Imports peaked in 2022 and are expected to retain growth in the immediate term.