Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $447 per ton, surging by 2.1% against the previous year. Over the period under review, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Aruba ($457 per ton), while the price for Germany ($445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (FOB) - 2022
In December 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $746 per ton, reducing by -25.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 101% against the previous month. As a result, the export price attained the peak level of $1,005 per ton, and then shrank markedly in the following month.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was India ($861 per ton), while the average price for exports to Bolivia amounted to $513 per ton.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), 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 Jordan
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels imported into Jordan surged to 132K tons, growing by 26% on the previous year. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels soared to $59M in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palestine | 18.8 | 22.8 | 41.1 | 49.8 | 38.4% |
| Aruba | 1.2 | 2.2 | 2.6 | 7.1 | 80.9% |
| Germany | 0.1 | 0.2 | 0.9 | 1.0 | 115.4% |
| Free Zones | 0.7 | 0.5 | 0.6 | 0.5 | -10.6% |
| Others | 1.1 | 0.5 | 0.5 | 0.3 | -35.2% |
| Total | 21.9 | 26.2 | 45.8 | 58.9 | 39.1% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Jordan in 2022:
- Palestine (112.0K tons)
- Aruba (15.6K tons)
- Germany (2.3K tons)
- Free Zones (1.1K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan
In 2022, approx. 13K tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Jordan; growing by 5.9% on 2021. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 123%.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined to $8.7M in 2022. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 200% against the previous year. As a result, the exports attained the peak of $9.4M, and then shrank in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.1 | 2.2 | 7.3 | 6.3 | 26.7% |
| Netherlands | 0.1 | N/A | N/A | 1.1 | 122.4% |
| Spain | N/A | N/A | N/A | 0.4 | 0% |
| Pakistan | 1.4 | 0.6 | 1.2 | 0.3 | -40.2% |
| Bangladesh | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
| United Arab Emirates | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Indonesia | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.1 | 0.8 | 0.3 | -9.1% |
| Total | 5.4 | 3.1 | 9.4 | 8.7 | 17.2% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Jordan in 2022:
- India (10.6K tons)
- Pakistan (0.6K tons)
- Netherlands (0.6K tons)
- Bangladesh (0.3K tons)
- Taiwan (Chinese) (0.3K tons)
- United Arab Emirates (0.2K tons)
- Spain (0.2K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Jordan.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
165
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Jordan.
740
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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