Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $645 per ton, which is down by -2.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $851 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($673 per ton), while the price for Germany ($88 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $534 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2017 an increase of 98% against the previous year. As a result, the export price attained the peak level of $979 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($568 per ton), while the average price for exports to Spain stood at $453 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+9.7%).
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria
Imports of ferrous waste and scrap; of tinned iron or steels into Algeria soared to 70 tons in 2022, picking up by 16% compared with the year before. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels totaled $45K in 2022. The total import value increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.4 | 34.5 | 39.2 | 44.5 | 13.5% |
| United States | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Germany | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Others | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Total | 31.2 | 35.3 | 39.9 | 45.1 | 13.1% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Algeria in 2022:
- France (66.1 tons)
- Germany (1.8 tons)
- United States (1.4 tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria
For the third consecutive year, Algeria recorded decline in shipments abroad of ferrous waste and scrap; of tinned iron or steels, which decreased by -20% to 68 tons in 2022. Overall, exports recorded a significant contraction. The smallest decline of -20% was in 2020.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels fell significantly to $36K in 2022. Over the period under review, exports showed a sharp decline. The smallest decline of -20% was in 2021.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | N/A | N/A | N/A | 27.1 | 0% |
| Spain | 70.5 | 56.4 | 45.1 | 9.0 | -49.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 70.5 | 56.4 | 45.1 | 36.1 | -20.0% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Algeria in 2022:
- Mauritania (47.7 tons)
- Spain (19.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Algeria.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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