Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $252 per ton, dropping by -16.4% against the previous year. In general, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum at $365 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($529 per ton), while the price for the Philippines ($127 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $372 per ton, picking up by 33% against the previous year. In general, the export price, however, continues to indicate a dramatic setback. The export price peaked at $4,686 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($375 per ton), while the average price for exports to the United Arab Emirates stood at $301 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-9.4%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh
For the third consecutive year, Bangladesh recorded decline in overseas purchases of ferrous waste and scrap; of tinned iron or steels, which decreased by -33.2% to 58K tons in 2022. Over the period under review, imports recorded a dramatic decline. The smallest decline of -1% was in 2021.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels dropped sharply to $15M in 2022. Overall, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 0.4 | 1.0 | 0.4 | 3.1 | 97.9% |
| Chile | 8.6 | 2.8 | 6.6 | 2.0 | -38.5% |
| Malaysia | 0.1 | 0.9 | 2.1 | 1.7 | 157.1% |
| Canada | 0.8 | 0.6 | 1.9 | 1.6 | 26.0% |
| Brazil | 16.2 | 6.0 | 4.6 | 1.2 | -58.0% |
| Egypt | 3.0 | 1.3 | 1.4 | 1.1 | -28.4% |
| South Korea | 0.6 | 0.4 | 0.8 | 0.7 | 5.3% |
| Dominican Republic | 0.1 | 0.4 | 0.9 | 0.6 | 81.7% |
| Thailand | 6.1 | 2.7 | 4.9 | 0.5 | -56.6% |
| France | 0.6 | 0.3 | 0.4 | 0.4 | -12.6% |
| Papua New Guinea | 0.8 | 0.2 | 0.3 | 0.3 | -27.9% |
| Senegal | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Others | 3.0 | 1.1 | 2.0 | 1.4 | -22.4% |
| Total | 40.8 | 17.9 | 26.4 | 14.7 | -28.8% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Bangladesh in 2022:
- Philippines (24.7K tons)
- Chile (6.4K tons)
- Malaysia (4.4K tons)
- Canada (3.8K tons)
- Brazil (3.5K tons)
- Egypt (2.1K tons)
- France (1.7K tons)
- South Korea (1.7K tons)
- Dominican Republic (1.6K tons)
- Senegal (1.3K tons)
- Thailand (1.2K tons)
- Papua New Guinea (0.9K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels were finally on the rise to reach 46 tons after two years of decline. Over the period under review, exports, however, saw a dramatic shrinkage.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $17K in 2022. In general, exports, however, recorded a sharp setback.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 99.6 | 51.3 | 9.4 | 16.5 | -45.1% |
| United Arab Emirates | 3.3 | 3.5 | 0.9 | 0.5 | -46.7% |
| Fiji | N/A | N/A | 1.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 103 | 54.9 | 11.4 | 17.0 | -45.1% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Bangladesh in 2022:
- India (44.0 tons)
- United Arab Emirates (1.8 tons)
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