Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $524 per ton, increasing by 96% against the previous year. Overall, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($694 per ton), while the price for Burundi ($254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burundi (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (FOB) - 2022
The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $839 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 95%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,389 per ton), while the average price for exports to Uganda ($248 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 India (+5.0%), while the prices for the other major destinations experienced a decline.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya
In 2022, after two years of decline, there was significant growth in overseas purchases of ferrous waste and scrap; of alloy steel (excluding stainless)s, when their volume increased by 18,389% to 9.4K tons. In general, imports, however, faced a deep slump.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s skyrocketed to $4.9M in 2022. Over the period under review, imports, however, saw a abrupt slump.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 688 | 225 | 5.4 | 2,458 | 52.9% |
| South Africa | 4,749 | 1,082 | 8.0 | 2,358 | -20.8% |
| Burundi | 133 | 28.3 | 0.2 | 52.3 | -26.7% |
| China | 197 | 18.7 | N/A | 2.0 | -78.3% |
| Latvia | N/A | 605 | N/A | N/A | 0% |
| Poland | N/A | 405 | N/A | N/A | 0% |
| Brazil | N/A | 265 | N/A | N/A | 0% |
| Others | 5.5 | 265 | N/A | 70.3 | 133.8% |
| Total | 5,773 | 2,893 | 13.6 | 4,940 | -5.1% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Kenya in 2022:
- South Africa (5.6K tons)
- United Kingdom (3.5K tons)
- Burundi (0.2K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya
In 2022, the amount of ferrous waste and scrap; of alloy steel (excluding stainless)s exported from Kenya soared to 91 tons, rising by 78% on the year before. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 88%.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $66K in 2022. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 124%.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 82.4 | 11.8 | 41.4 | 34.2 | -25.4% |
| India | 11.8 | 5.8 | 0.8 | 30.6 | 37.4% |
| Uganda | 10.4 | 1.4 | 0.3 | 1.3 | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 105 | 19.0 | 42.5 | 66.0 | -14.3% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Kenya in 2022:
- India (61.2 tons)
- United Kingdom (24.6 tons)
- Uganda (5.2 tons)
352
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
352
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kenya.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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