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

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

The average export price for ferrous waste and scrap; of stainless steels stood at $1,742 per ton in 2022, shrinking by -18% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2021 when the average export price increased by 52% against the previous year. The export price peaked at $4,795 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,144 per ton), while the average price for exports to the United States ($1,095 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 South Korea (+53.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $3,145 per ton, surging by 46% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,437 per ton), while the price for Panama totaled $806 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%).

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

In 2022, the amount of ferrous waste and scrap; of stainless steels exported from Venezuela skyrocketed to 6K tons, rising by 87% against the year before. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 171% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of ferrous waste and scrap; of stainless steels skyrocketed to $10M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 313% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Export of Ferrous Waste and Scrap; of Stainless Steel in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1,414	547	4,507	4,569	47.8%
Spain	455	583	840	1,838	59.3%
South Korea	N/A	N/A	1.5	1,228	81766.7%
Thailand	46.3	67.6	207	983	176.9%
India	721	284	741	679	-2.0%
United States	25.2	28.9	41.0	598	187.4%
Taiwan (Chinese)	90.1	141	494	515	78.8%
Others	N/A	N/A	N/A	63.1	0%
Total	2,752	1,652	6,831	10,473	56.1%

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

Netherlands (2131.0 tons)
Spain (1005.5 tons)
Thailand (804.6 tons)
South Korea (802.5 tons)
United States (546.2 tons)
India (347.3 tons)
Taiwan (Chinese) (336.2 tons)

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

After two years of decline, supplies from abroad of ferrous waste and scrap; of stainless steels increased by 294% to 3.3 tons in 2022. In general, imports continue to indicate a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of stainless steels soared to $10K in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.