Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait (FOB) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $367 per ton, with a decrease of -3.8% against the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $416 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($367 per ton), while the average price for exports to Pakistan stood at $367 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait
In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels were finally on the rise to reach 1.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a dramatic shrinkage.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels surged to $608K in 2022. In general, exports, however, recorded a precipitous curtailment.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 980 | 386 | 7.1 | 497 | -20.3% |
| Pakistan | 942 | 499 | 12.4 | 111 | -51.0% |
| United Arab Emirates | 264 | 137 | 3.3 | N/A | -88.8% |
| Singapore | 1,046 | 668 | 20.0 | N/A | -86.2% |
| Others | 26.1 | 10.6 | 0.2 | N/A | -91.2% |
| Total | 3,258 | 1,700 | 43.0 | 608 | -42.9% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Kuwait in 2022:
- India (1354.8 tons)
- Pakistan (302.9 tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Kuwait.
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This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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