Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $188 per ton, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 19%. The import price peaked at $262 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($248 per ton), while the price for Saudi Arabia ($81 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (FOB) - 2022
The average export price for ferrous waste and scrap; of tinned iron or steels stood at $255 per ton in 2022, flattening at the previous year. Over the period under review, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 a decrease of -0.6%. The export price peaked at $474 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 Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -4.7% per year.
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan
Imports of ferrous waste and scrap; of tinned iron or steels into Sudan reduced remarkably to 916 tons in 2022, with a decrease of -19% on the previous year. Over the period under review, imports faced a deep setback.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels declined sharply to $172K in 2022. In general, imports faced a precipitous contraction.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 134 | 137 | 126 | 114 | -5.2% |
| China | 158 | 122 | 84.4 | 57.6 | -28.6% |
| Bahrain | 41.9 | 8.4 | N/A | N/A | -80.0% |
| Others | 2.8 | 2.0 | 5.4 | 0.9 | -31.5% |
| Total | 337 | 269 | 215 | 172 | -20.1% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Sudan in 2022:
- South Korea (675.3 tons)
- China (232.6 tons)
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan
For the fourth consecutive year, Sudan recorded growth in shipments abroad of ferrous waste and scrap; of tinned iron or steels, which increased by 11% to 21 tons in 2022. The total export volume increased at an average annual rate of +11.4% 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 with an increase of 11%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels amounted to $5.3K in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 11%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 3.9 | 4.3 | 4.8 | 5.3 | 10.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.9 | 4.3 | 4.8 | 5.3 | 10.8% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Sudan in 2022:
- Uganda (20.8 tons)
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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