Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia (CIF) - 2022
In March 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $519 per ton, growing by 1.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in July 2021 when the average import price increased by 53% month-to-month. The import price peaked in March 2022.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Malaysia ($520 per ton), while the price for Australia amounted to $518 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), 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 Indonesia (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $443 per ton in 2022, growing by 14% against the previous year. Over the period under review, the export price saw a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 74%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +8.0% per year.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia
For the third consecutive year, Indonesia recorded decline in supplies from abroad of ferrous waste and scrap; of tinned iron or steels, which decreased by -40% to 12K tons in 2022. Overall, imports showed a precipitous setback. The smallest decline of -18.9% was in 2021.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels declined markedly to $5.6M in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1.2 | 0.3 | 2.1 | 2.7 | 31.0% |
| Malaysia | 1.3 | 1.0 | 0.9 | 1.9 | 13.5% |
| South Korea | 2.6 | 1.8 | 1.5 | 0.4 | -46.4% |
| United Kingdom | 0.5 | 0.3 | N/A | 0.3 | -15.7% |
| Thailand | 2.5 | 1.1 | 2.5 | 0.2 | -56.9% |
| Hong Kong SAR | 0.4 | 1.0 | 0.4 | 0.1 | -37.0% |
| Japan | 1.5 | 0.7 | 0.4 | N/A | -48.4% |
| Others | 0.8 | 0.6 | 0.5 | N/A | -20.9% |
| Total | 10.8 | 6.8 | 8.3 | 5.6 | -19.7% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Indonesia in 2022:
- Australia (5.8K tons)
- Malaysia (3.6K tons)
- South Korea (1.0K tons)
- United Kingdom (0.6K tons)
- Thailand (0.6K tons)
- Hong Kong SAR (0.3K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels were finally on the rise to reach 522 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp curtailment.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $232K in 2022. In general, exports, however, showed a deep setback.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 44.7 | 52.5 | 39.9 | 232 | 73.1% |
| Malaysia | 390 | 140 | 109 | N/A | -47.1% |
| Others | N/A | 0.4 | 0.7 | N/A | 75.0% |
| Total | 435 | 193 | 150 | 232 | -18.9% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Indonesia in 2022:
- Singapore (522.4 tons)
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