Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda - 2022

Contents:

1. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda (CIF) - 2022
2. Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda
4. Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda

Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $330 per ton, increasing by 2.8% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +80.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 36%. As a result, import price attained the peak level of $371 per ton. From 2015 to 2022, the average 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 Rwanda ($469 per ton), while the price for Sudan ($88 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+8.2%), 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 Uganda (FOB) - 2022

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $678 per ton in 2022, declining by -41.4% against the previous year. Overall, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 94%. The export price peaked at $1,157 per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($1,259 per ton), while the average price for exports to Democratic Republic of the Congo ($131 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 Tanzania (+28.9%), 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 Uganda

In 2022, purchases abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -0.6% to 23K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, imports attained the peak of 23K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose to $7.4M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Uganda in 2022:

1. Kenya (7.1K tons)
2. South Sudan (1.6K tons)
3. Rwanda (0.6K tons)
4. South Africa (0.2K tons)
5. Malawi (0.2K tons)

Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Uganda

In 2022, approx. 65 tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were exported from Uganda; surging by 13% on 2021. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced markedly to $44K in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $66K, and then reduced rapidly in the following year.

Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Uganda in 2022:

1. Rwanda (11.3 tons)
2. United Arab Emirates (9.0 tons)
3. Kenya (7.6 tons)
4. Democratic Republic of the Congo (6.3 tons)
5. Tanzania (1.6 tons)
6. Burundi (1.2 tons)