Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $421 per ton in 2022, with a decrease of -6.1% against the previous year. Over the period under review, the export price showed a slight decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices hit record highs at $769 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($562 per ton), while the average price for exports to Turkey totaled $421 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $749 per ton in 2022, rising by 33% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The growth pace was the most rapid in 2018 an increase of 62%. As a result, import price attained the peak level of $1,929 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,224 per ton), while the price for the UK ($656 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya
In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels exported from Libya reduced remarkably to 672K tons, falling by -20% against 2021 figures. Overall, exports saw a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. As a result, the exports attained the peak of 841K tons, and then plummeted in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted rapidly to $283M in 2022. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 223% against the previous year. As a result, the exports reached the peak of $377M, and then fell markedly in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 86.4 | 105 | 362 | 274 | 46.9% |
| Greece | 5.8 | 4.2 | 2.8 | N/A | -30.5% |
| Others | 108 | 7.4 | 11.9 | 8.3 | -57.5% |
| Total | 200 | 117 | 377 | 283 | 12.3% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Libya in 2022:
- Turkey (652.2K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya
In 2022, after three years of growth, there was significant decline in supplies from abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -40.4% to 81 tons. In general, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 341% against the previous year. As a result, imports reached the peak of 136 tons, and then dropped markedly in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels declined notably to $61K in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 251%.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.4 | 17.4 | 48.9 | 45.7 | 103.8% |
| Turkey | 0.6 | 4.1 | 27.3 | 14.6 | 189.8% |
| Others | 0.2 | 0.3 | 0.5 | 0.3 | 14.5% |
| Total | 6.2 | 21.8 | 76.7 | 60.6 | 113.8% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Libya in 2022:
- United Kingdom (69.5 tons)
- Turkey (11.2 tons)
363
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Libya.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
363
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Libya.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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