Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela - 2022
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela (FOB) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela (CIF) - 2022
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela (FOB) - 2022
The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $482 per ton in 2022, with an increase of 9.2% against the previous year. In general, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2017 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($522 per ton), while the average price for exports to Colombia ($240 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 Italy (+16.4%), 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 Venezuela (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $810 per ton, jumping by 199% against the previous year. Overall, the import price posted a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.4% per year.
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela
In 2022, shipments abroad of ferrous waste and scrap; remelting scrap ingots of iron or steels decreased by -9.1% to 1.3M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 400%. As a result, the exports attained the peak of 1.5M tons, and then shrank in the following year.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted slightly to $647M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 687%. As a result, the exports attained the peak of $652M, leveling off in the following year.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 7.2 | 50.2 | 419 | 476 | 304.4% |
| India | 6.5 | 13.5 | 39.6 | 85.2 | 135.8% |
| Thailand | 0.4 | 1.6 | 20.8 | 29.2 | 317.9% |
| Spain | 1.6 | 0.7 | 5.0 | 20.5 | 134.0% |
| Taiwan (Chinese) | 1.6 | 8.0 | 46.8 | 14.1 | 106.6% |
| Italy | N/A | 6.8 | 75.6 | 6.7 | -0.7% |
| Others | 4.6 | 2.1 | 45.0 | 15.6 | 50.2% |
| Total | 22.0 | 82.9 | 652 | 647 | 208.7% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Venezuela in 2022:
- Turkey (985.6K tons)
- India (182.5K tons)
- Thailand (60.6K tons)
- Spain (39.3K tons)
- Taiwan (Chinese) (31.8K tons)
- Italy (17.0K tons)
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela
In 2022, after three years of growth, there was significant decline in overseas purchases of ferrous waste and scrap; remelting scrap ingots of iron or steels, when their volume decreased by -91.3% to 24 tons. Overall, imports recorded a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 67%.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels contracted rapidly to $19K in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 139% against the previous year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 19.4 | 0% |
| Panama | 19.7 | N/A | N/A | N/A | 0% |
| South Africa | N/A | N/A | 74.4 | N/A | 0% |
| Brazil | N/A | 47.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.7 | 47.1 | 74.4 | 19.4 | -0.5% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Venezuela in 2022:
- United States (24.0 tons)
387
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Venezuela.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
387
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Venezuela.
721
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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