Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $294 per ton, waning by -13.6% against the previous year. Over the period under review, the import price recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 25%. The import price peaked at $444 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Japan ($628 per ton), while the price for Singapore ($196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.7%), 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 Malaysia (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $529 per ton in 2022, surging by 31% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 67%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +11.8% per year.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia
Imports of ferrous waste and scrap; of tinned iron or steels into Malaysia declined rapidly to 73K tons in 2022, with a decrease of -29.7% on the year before. Over the period under review, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels contracted sharply to $21M in 2022. In general, imports continue to indicate a precipitous contraction. The smallest decline of -7.4% was in 2021.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 5.2 | 0.7 | 3.3 | 10.3 | 25.6% |
| Singapore | 2.6 | 2.2 | 6.5 | 8.0 | 45.4% |
| New Zealand | 0.3 | 0.1 | 1.3 | 1.4 | 67.1% |
| United Kingdom | 2.6 | 0.4 | 0.1 | 0.2 | -57.5% |
| United States | 38.8 | 16.8 | 8.4 | 0.1 | -86.3% |
| South Korea | 4.3 | 4.0 | 3.8 | 0.1 | -71.5% |
| Hong Kong SAR | 3.4 | 3.0 | 0.8 | N/A | -51.5% |
| Japan | 7.5 | 6.5 | 5.5 | N/A | -14.4% |
| Others | 9.0 | 4.4 | 5.6 | 1.1 | -50.4% |
| Total | 73.6 | 38.0 | 35.2 | 21.4 | -33.8% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Malaysia in 2022:
- Singapore (40.8K tons)
- Australia (25.1K tons)
- New Zealand (3.3K tons)
- United Kingdom (0.5K tons)
- United States (0.3K tons)
- South Korea (0.2K tons)
- Japan (0.1K tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -99.8% to 18 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 28%. As a result, the exports attained the peak of 38K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels dropped remarkably to $9.5K in 2022. In general, exports showed a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 20%. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 0.1 | N/A | N/A | -92.3% |
| United States | N/A | N/A | N/A | N/A | 0% |
| India | 7.6 | 9.7 | 1.9 | N/A | -50.0% |
| Indonesia | 0.5 | 0.3 | 0.2 | N/A | -36.8% |
| Bangladesh | 0.1 | 1.2 | 2.2 | N/A | 369.0% |
| Others | 0.6 | 0.8 | 0.2 | N/A | -42.3% |
| Total | 10.1 | 12.1 | 4.6 | N/A | -32.5% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Malaysia in 2022:
- United States (18.0 tons)
444
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Malaysia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
444
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Malaysia.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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