Price for Ferrous Waste and Scrap; of Cast Iron in South Africa - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Cast Iron in South Africa (FOB) - 2024
- Price for Ferrous Waste and Scrap; of Cast Iron in South Africa (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Cast Iron in South Africa
- Imports of Ferrous Waste and Scrap; of Cast Iron in South Africa
Price for Ferrous Waste and Scrap; of Cast Iron in South Africa (FOB) - 2024
The average export price for ferrous waste and scrap; of cast ira stood at $296 per ton in December 2023, rising by 22% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $322 per ton in April 2023; however, from May 2023 to December 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From January 2023 to December 2023, the rate of growth in terms of prices for India amounted to -0.4% per month.
Price for Ferrous Waste and Scrap; of Cast Iron in South Africa (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $402 per ton, picking up by 309% against the previous year. In general, the import price continues to indicate temperate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($723 per ton), while the price for Zimbabwe ($51 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ferrous Waste and Scrap; of Cast Iron in South Africa
In 2022, shipments abroad of ferrous waste and scrap; of cast ira was finally on the rise to reach 22K tons after two years of decline. Overall, exports, however, recorded a abrupt decline.
In value terms, exports of ferrous waste and scrap; of cast ira soared to $5.6M in 2022. Over the period under review, exports, however, saw a drastic downturn.
| Export of Ferrous Waste and Scrap; of Cast Iron in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.3 | 2.7 | 3.4 | 5.0 | -1.9% |
| Pakistan | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Bangladesh | 0.9 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 6.8 | 2.9 | 3.8 | 5.6 | -6.3% |
Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from South Africa in 2022:
- India (19.2K tons)
- Pakistan (2.2K tons)
- Bangladesh (0.1K tons)
Imports of Ferrous Waste and Scrap; of Cast Iron in South Africa
In 2022, supplies from abroad of ferrous waste and scrap; of cast ira increased by 294% to 2.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a precipitous descent.
In value terms, imports of ferrous waste and scrap; of cast ira soared to $872K in 2022. In general, imports, however, showed a slight curtailment.
| Import of Ferrous Waste and Scrap; of Cast Iron in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 369 | N/A | 793 | 46.6% |
| Zimbabwe | 12.3 | 59.3 | 32.2 | 52.8 | 62.5% |
| Zambia | 297 | 22.1 | 18.6 | 6.8 | -71.6% |
| Botswana | 510 | N/A | N/A | N/A | 0% |
| China | 61.9 | N/A | N/A | N/A | 0% |
| Others | 20.0 | 79.0 | 3.2 | 19.9 | -0.2% |
| Total | 901 | 529 | 54.0 | 872 | -1.1% |
Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to South Africa in 2022:
- Brazil (1095.7 tons)
- Zimbabwe (1037.0 tons)
- Zambia (13.8 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in South Africa.
693
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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