Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $957 per ton in 2022, surging by 22% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,582 per ton), while the average price for exports to Uganda ($83 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 Malaysia (+82.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (CIF) - 2022
The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $287 per ton in 2022, with a decrease of -4.3% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 66%. Over the period under review, average import prices reached the maximum at $498 per ton in 2012; however, from 2013 to 2022, 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 Saudi Arabia ($342 per ton), while the price for South Korea ($79 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan
In 2022, approx. 557 tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Sudan; declining by -44.8% on the year before. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 350% against the previous year. As a result, the exports reached the peak of 1K 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 sharply to $533K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 493% against the previous year. As a result, the exports attained the peak of $792K, and then shrank sharply in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 183 | 48.4 | 223 | 405 | 30.3% |
| Pakistan | 24.2 | 49.4 | 125 | 96.6 | 58.6% |
| Egypt | 9.9 | 11.6 | 18.1 | 25.6 | 37.3% |
| United Arab Emirates | 5.2 | 5.1 | 5.8 | 4.3 | -6.1% |
| Uganda | 3.3 | 2.7 | 2.5 | 1.5 | -23.1% |
| Malaysia | 32.0 | N/A | 381 | N/A | 245.1% |
| Netherlands | N/A | 16.2 | 35.9 | N/A | 121.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 257 | 133 | 792 | 533 | 27.5% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Sudan in 2022:
- India (255.8 tons)
- Pakistan (209.2 tons)
- Egypt (57.6 tons)
- Uganda (18.3 tons)
- United Arab Emirates (15.9 tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan
In 2022, approx. 444 tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Sudan; which is down by -10.2% on the previous year. Over the period under review, imports showed a dramatic shrinkage. The smallest decline of -10.2% was in 2021.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels fell to $128K in 2022. In general, imports recorded a deep reduction. The smallest decline of -14% was in 2021.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 56.5 | 57.0 | 59.4 | 56.0 | -0.3% |
| China | 82.3 | 57.1 | 40.9 | 26.5 | -31.5% |
| Saudi Arabia | 26.5 | 26.7 | 27.8 | 26.2 | -0.4% |
| Lebanon | 9.1 | 7.7 | 7.7 | 7.0 | -8.4% |
| South Korea | 11.6 | 8.3 | 6.1 | 4.1 | -29.3% |
| United Kingdom | 9.2 | N/A | N/A | N/A | 0% |
| Others | 10.3 | 15.9 | 6.4 | 7.7 | -9.2% |
| Total | 205 | 173 | 148 | 128 | -14.5% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Sudan in 2022:
- United Arab Emirates (179.0 tons)
- China (89.5 tons)
- Saudi Arabia (76.6 tons)
- South Korea (51.4 tons)
- Lebanon (37.9 tons)
316
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sudan.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
316
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Sudan.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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