Singapore - Remelting Scrap Ingots Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Remelting Scrap Ingots in Singapore - 2022
Contents:
- Price for Metal Remelting Scrap Ingots in Singapore (FOB) - 2022
- Price for Metal Remelting Scrap Ingots in Singapore (CIF) - 2022
- Exports of Metal Remelting Scrap Ingots in Singapore
- Imports of Metal Remelting Scrap Ingots in Singapore
Price for Metal Remelting Scrap Ingots in Singapore (FOB) - 2022
In September 2022, the average metal remelting scrap ingots export price amounted to $580 per ton, rising by 2.9% against the previous month. In general, export price indicated tangible growth from September 2021 to September 2022: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, metal remelting scrap ingots export price decreased by -5.9% against July 2022 indices. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 35% against the previous month. Over the period under review, the average export prices reached the peak figure at $634 per ton in February 2022; however, from March 2022 to September 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In September 2022, the country with the highest price was Pakistan ($619 per ton), while the average price for exports to the United Arab Emirates totaled $550 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.7%).
Price for Metal Remelting Scrap Ingots in Singapore (CIF) - 2022
In 2022, the average metal remelting scrap ingots import price amounted to $313 per ton, falling by -15.7% against the previous year. In general, the import price faced a sharp decline. The growth pace was the most rapid in 2015 when the average import price increased by 86%. The import price peaked at $34,634 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($359 per ton), while the price for the Philippines stood at $312 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-5.0%), while the prices for the other major suppliers experienced a decline.
Exports of Metal Remelting Scrap Ingots in Singapore
In 2022, approx. 4.6K tons of remelting scrap ingots of iron or steel were exported from Singapore; approximately reflecting the year before. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 16%.
In value terms, metal remelting scrap ingots exports contracted slightly to $1.6M in 2022. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 6.6% against the previous year.
Export of Metal Remelting Scrap Ingots in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Pakistan | 2.5 | 1.6 | 1.6 | 1.6 | -13.8% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 2.6 | 1.6 | 1.7 | 1.6 | -14.9% |
Top Export Markets for Metal Remelting Scrap Ingots from Singapore in 2022:
- Pakistan (4.6K tons)
Imports of Metal Remelting Scrap Ingots in Singapore
In 2022, purchases abroad of remelting scrap ingots of iron or steel decreased by -13.5% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year.
In value terms, metal remelting scrap ingots imports shrank markedly to $581K in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118%. As a result, imports reached the peak of $797K, and then plummeted in the following year.
Import of Metal Remelting Scrap Ingots in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Philippines | 375 | 356 | 773 | 564 | 14.6% |
China | 1.8 | 9.3 | 22.9 | 16.7 | 110.1% |
Others | 15.5 | 0.9 | 1.1 | 0.8 | -62.8% |
Total | 392 | 366 | 797 | 581 | 14.0% |
Top Suppliers of Metal Remelting Scrap Ingots to Singapore in 2022:
- Philippines (1808.5 tons)
- China (46.6 tons)
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)
Country coverage:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Singapore.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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