Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $516 per ton, surging by 4.7% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +63.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($604 per ton) and Thailand ($591 per ton), while the price for New Zealand ($470 per ton) and Australia ($483 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), 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 Indonesia (FOB) - 2022
In March 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,877 per ton, with a decrease of -8.2% against the previous month. In general, export price indicated a measured expansion from March 2021 to March 2022: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for ferrous waste and scrap; remelting scrap ingots of iron or steels increased by +7.8% against December 2021 indices. The growth pace was the most rapid in August 2021 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,045 per ton in February 2022, and then shrank in the following month.
There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Japan ($2,934 per ton), while the average price for exports to Malaysia ($1,009 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Indonesia contracted markedly to 1.2M tons, waning by -17.3% compared with 2021. Overall, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 2.9% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $624M in 2022. In general, imports faced a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 60%.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 144 | 77.9 | 188 | 180 | 7.7% |
| Hong Kong SAR | 72.8 | 73.6 | 159 | 169 | 32.4% |
| Singapore | 71.7 | 45.2 | 102 | 106 | 13.9% |
| United Kingdom | 136 | 51.3 | 62.3 | 57.0 | -25.2% |
| New Zealand | 21.2 | 6.9 | 24.7 | 29.6 | 11.8% |
| Thailand | 41.1 | 9.5 | 25.2 | 28.3 | -11.7% |
| Japan | 87.2 | 55.8 | 91.5 | 23.7 | -35.2% |
| Malaysia | 31.2 | 33.6 | 12.0 | 6.9 | -39.5% |
| United States | 97.2 | 41.0 | 33.4 | 6.6 | -59.2% |
| Poland | 50.3 | 12.6 | 13.8 | 1.7 | -67.7% |
| Brazil | 47.0 | 17.3 | 0.3 | N/A | -92.0% |
| Others | 125 | 24.8 | 8.7 | 14.8 | -50.9% |
| Total | 924 | 450 | 721 | 624 | -12.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Indonesia in 2022:
- Australia (372.5K tons)
- Hong Kong SAR (326.9K tons)
- Singapore (193.4K tons)
- United Kingdom (106.2K tons)
- New Zealand (62.9K tons)
- Thailand (48.0K tons)
- Japan (39.2K tons)
- United States (13.7K tons)
- Malaysia (12.8K tons)
- Poland (3.2K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Indonesia dropped notably to 42K tons, falling by -25.7% against 2021. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 15%. As a result, the exports attained the peak of 57K tons, and then declined dramatically in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels shrank to $70M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of $82M, and then contracted in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 34.4 | 30.4 | 46.6 | 44.6 | 9.0% |
| South Korea | 5.9 | 6.0 | 12.6 | 9.2 | 16.0% |
| Japan | 3.3 | 2.1 | 4.7 | 4.6 | 11.7% |
| Thailand | 2.8 | 3.6 | 6.5 | 4.2 | 14.5% |
| Malaysia | 1.8 | 1.5 | 5.5 | 2.7 | 14.5% |
| Singapore | 2.0 | 4.2 | 3.9 | 2.4 | 6.3% |
| Taiwan (Chinese) | 1.5 | 0.6 | 0.9 | 0.8 | -18.9% |
| Others | 3.0 | 1.1 | 1.1 | 1.3 | -24.3% |
| Total | 54.5 | 49.4 | 81.6 | 69.7 | 8.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Indonesia in 2022:
- India (27.5K tons)
- South Korea (5.2K tons)
- Thailand (2.5K tons)
- Malaysia (2.1K tons)
- Singapore (2.0K tons)
- Japan (1.7K tons)
- Taiwan (Chinese) (0.6K tons)
1010
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Indonesia.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
1010
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Indonesia.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
