Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $58 per ton in 2022, with a decrease of -26.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $274 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -10.8% per year.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $276 per ton, picking up by 5.1% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $443 per ton. From 2018 to 2022, the average 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 the UK ($584 per ton), while the price for Malaysia ($154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka
In 2022, exports of ferrous waste and scrap; of tinned iron or steels from Sri Lanka soared to 12K tons, with an increase of 129% compared with 2021 figures. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 9,489%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels soared to $689K in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 8,755%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.1 | 13.5 | 52.1 | 689 | 1802.9% |
| Malaysia | 3.7 | 326 | 356 | N/A | 880.9% |
| Others | N/A | 0.4 | 0.1 | N/A | -75.0% |
| Total | 3.8 | 340 | 408 | 689 | 466.0% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Sri Lanka in 2022:
- India (12.0K tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka
In 2022, after two years of decline, there was growth in supplies from abroad of ferrous waste and scrap; of tinned iron or steels, when their volume increased by 4.3% to 25 tons. Overall, imports, however, showed a noticeable shrinkage.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels stood at $6.9K in 2022. Over the period under review, imports, however, saw a abrupt contraction.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 4.5 | 4.1 | 3.5 | 3.8 | -5.5% |
| United Kingdom | 2.6 | 2.2 | 1.8 | 1.9 | -9.9% |
| Malaysia | 1.3 | 1.2 | 1.0 | 1.3 | 0.0% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 8.7 | 7.5 | 6.3 | 6.9 | -7.4% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Sri Lanka in 2022:
- Australia (13.7 tons)
- Malaysia (8.2 tons)
- United Kingdom (3.2 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sri Lanka.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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