Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $1,264 per ton, growing by 44% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ferrous waste and scrap; of alloy steel (excluding stainless)s increased by +93.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 123% against the previous year. As a result, the export price attained the peak level of $1,264 per ton; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($2,221 per ton), while the average price for exports to Thailand ($227 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 Germany (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $469 per ton, almost unchanged from the previous year. Overall, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2013 an increase of 37%. As a result, import price reached the peak level of $929 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,000 per ton), while the price for South Africa ($268 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan
In 2022, shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -34.7% to 240 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,992% against the previous year. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s reduced rapidly to $193K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,816% against the previous year. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.2 | 284 | 101 | 59.3 | 69.4% |
| Netherlands | 15.9 | 323 | 65.3 | 33.5 | 28.2% |
| United Kingdom | 4.5 | 114 | 49.8 | 23.4 | 73.2% |
| Malaysia | 2.1 | 54.7 | 18.4 | 21.5 | 117.1% |
| Spain | 8.0 | 144 | 38.2 | 19.3 | 34.1% |
| Hong Kong SAR | N/A | N/A | N/A | 10.8 | 0% |
| India | 3.4 | 58.9 | 15.1 | 7.3 | 29.0% |
| United Arab Emirates | 3.1 | 53.4 | 13.6 | 6.6 | 28.6% |
| China | 3.3 | 49.3 | 10.9 | 4.1 | 7.5% |
| Afghanistan | 0.7 | 16.5 | 7.3 | 3.5 | 71.0% |
| Thailand | 1.1 | 18.1 | 1.6 | 1.7 | 15.6% |
| Lithuania | N/A | 6.1 | N/A | N/A | 0% |
| Others | 6.4 | 41.8 | 7.5 | 2.2 | -29.9% |
| Total | 60.7 | 1,163 | 329 | 193 | 47.0% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Pakistan in 2022:
- Malaysia (56.3 tons)
- United Kingdom (51.6 tons)
- Netherlands (42.8 tons)
- Germany (27.0 tons)
- Hong Kong SAR (10.4 tons)
- United Arab Emirates (9.9 tons)
- Afghanistan (9.3 tons)
- Spain (8.7 tons)
- India (7.9 tons)
- Thailand (7.6 tons)
- China (4.0 tons)
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan
In 2022, approx. 2 tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Pakistan; flattening at the previous year. Overall, imports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $961 in 2022. In general, imports showed strong growth. The smallest decline of 99.9% was in 2021. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Pakistan (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 437 | N/A | 599 | 17.1% | |
| Belgium | 81.0 | N/A | 187 | 51.9% | |
| South Africa | 27.0 | N/A | 34.0 | 12.2% | |
| Netherlands | 21.0 | N/A | 25.0 | 9.1% | |
| Brazil | 18.0 | N/A | 9.0 | -29.3% | |
| Kuwait | 15.0 | N/A | 4.0 | -48.4% | |
| Others | 108 | N/A | 103 | -2.3% | |
| Total | 707 | N/A | 961 | 16.6% | |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Pakistan in 2022:
- United Kingdom (1432.0 kg)
- Belgium (228.0 kg)
- South Africa (127.0 kg)
- Netherlands (29.0 kg)
- Brazil (27.0 kg)
- Kuwait (9.0 kg)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Pakistan.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
485
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Pakistan.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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