Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $434 per ton, picking up by 4.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61%. The import price peaked at $461 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($503 per ton), while the price for Chile ($314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $633 per ton in 2022, standing approx. at the previous year. In general, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 35%. The export price peaked at $1,291 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,107 per ton), while the average price for exports to Vietnam ($164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-0.9%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh
Imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Bangladesh rose rapidly to 4.3M tons in 2022, surging by 15% compared with the previous year. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $1.9B in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 62%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 291 | 355 | 593 | 687 | 33.2% |
| United Kingdom | 241 | 60.9 | 295 | 345 | 12.7% |
| Australia | 153 | 133 | 172 | 188 | 7.1% |
| Japan | 87.5 | 222 | 130 | 150 | 19.7% |
| Netherlands | 5.9 | 10.4 | N/A | 116 | 169.9% |
| New Zealand | 20.4 | 38.6 | 69.6 | 83.3 | 59.8% |
| Poland | 19.8 | 3.2 | 23.0 | 65.6 | 49.1% |
| Brazil | 62.3 | 44.2 | 81.9 | 59.1 | -1.7% |
| Chile | 52.7 | 30.3 | 10.9 | 10.3 | -42.0% |
| Others | 169 | 56.7 | 172 | 158 | -2.2% |
| Total | 1,101 | 955 | 1,547 | 1,863 | 19.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Bangladesh in 2022:
- United States (1580.0K tons)
- United Kingdom (724.6K tons)
- Australia (408.8K tons)
- Japan (366.0K tons)
- Netherlands (274.3K tons)
- New Zealand (193.7K tons)
- Poland (151.2K tons)
- Brazil (146.8K tons)
- Chile (32.7K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, which increased by 3.3% to 108K tons in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels expanded slightly to $68M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 72%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.5 | 22.2 | 46.9 | 49.6 | 30.1% |
| Vietnam | 3.6 | 6.3 | 8.1 | 8.8 | 34.7% |
| Taiwan (Chinese) | 3.0 | 9.4 | 9.9 | 5.8 | 24.6% |
| Others | 3.0 | 0.2 | 0.9 | 3.9 | 9.1% |
| Total | 32.0 | 38.1 | 65.8 | 68.1 | 28.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Bangladesh in 2022:
- Vietnam (54.0K tons)
- India (44.8K tons)
- Taiwan (Chinese) (8.1K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bangladesh.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
450
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Bangladesh.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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