Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $1,147 per ton, growing by 54% against the previous year. In general, the import price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 76% against the previous year. The import price peaked at $1,154 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 United Arab Emirates ($1,089 per ton), while the price for Australia ($243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+11.3%), 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 Iraq (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $311 per ton, surging by 52% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The export price peaked at $501 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($341 per ton), while the average price for exports to the United Arab Emirates totaled $303 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.3%).
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq
In 2022, after three years of growth, there was significant decline in purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -14.9% to 963 tons. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 108% against the previous year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels surged to $1.1M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 134% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 71.2 | 118 | 695 | 976 | 139.3% |
| South Korea | 141 | 47.8 | 84.3 | 86.1 | -15.2% |
| Iran | 14.4 | 21.2 | 24.7 | 18.3 | 8.3% |
| United States | 9.1 | 12.3 | 11.5 | 13.6 | 14.3% |
| Kuwait | 5.5 | 7.4 | 7.9 | 5.4 | -0.6% |
| Australia | 7.2 | 28.1 | 19.5 | 3.4 | -22.1% |
| Canada | N/A | 80.4 | N/A | N/A | 0% |
| Others | 0.6 | 267 | 1.2 | 1.4 | 32.6% |
| Total | 249 | 582 | 844 | 1,105 | 64.3% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Iraq in 2022:
- United Arab Emirates (896.8 tons)
- Iran (18.7 tons)
- United States (15.4 tons)
- Australia (14.1 tons)
- Kuwait (10.2 tons)
- South Korea (6.2 tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq
In 2022, overseas shipments of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -75.9% to 389 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 474%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined dramatically to $121K in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 305% against the previous year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 46.4 | 184 | 330 | 94.1 | 26.6% |
| Azerbaijan | N/A | N/A | N/A | 27.0 | 0% |
| Others | N/A | 4.4 | N/A | N/A | 0% |
| Total | 46.4 | 188 | 330 | 121 | 37.6% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Iraq in 2022:
- United Arab Emirates (310.1 tons)
- Azerbaijan (79.1 tons)
372
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Iraq.
741
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
372
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Iraq.
741
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
Nothing found. Please try again.
