Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia - 2024
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia (CIF) - 2022
The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $480 per ton in 2022, with a decrease of -29.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30% against the previous year. The import price peaked at $686 per ton in 2021, and then fell markedly in the following year.
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 Taiwan (Chinese) ($822 per ton), while the price for Japan ($297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $264 per ton, declining by -29.8% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 157% against the previous year. Over the period under review, the average export prices reached the peak figure at $725 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($519 per ton), while the average price for exports to China ($143 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 Bangladesh (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia
In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Malaysia declined notably to 55K tons, dropping by -83.5% on the year before. In general, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports attained the peak of 331K tons, and then declined dramatically in the following year.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s declined remarkably to $26M in 2022. Over the period under review, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports reached the peak of $223M, and then reduced markedly in the following year.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 65.0 | 85.5 | 88.2 | 10.0 | -46.4% |
| Australia | 9.2 | 8.3 | 15.3 | 6.2 | -12.3% |
| Japan | 30.4 | 45.3 | 45.2 | 5.0 | -45.2% |
| Hong Kong SAR | 4.9 | 5.0 | 14.8 | 2.7 | -18.0% |
| United Kingdom | 8.7 | 5.9 | 20.5 | 0.9 | -53.1% |
| New Zealand | 2.0 | 2.1 | 7.9 | 0.2 | -53.6% |
| Singapore | 7.1 | 2.1 | 4.5 | N/A | -20.4% |
| Others | 22.8 | 21.4 | 26.3 | 1.3 | -61.5% |
| Total | 150 | 176 | 223 | 26.3 | -44.0% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Malaysia in 2022:
- United States (17.0K tons)
- Japan (16.9K tons)
- Australia (11.4K tons)
- Hong Kong SAR (5.2K tons)
- United Kingdom (1.8K tons)
- New Zealand (0.4K tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia
In 2022, overseas shipments of ferrous waste and scrap; of alloy steel (excluding stainless)s decreased by -32.9% to 20K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 47%. As a result, the exports reached the peak of 110K 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 dropped dramatically to $5.2M in 2022. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $32M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.8 | 1.0 | 1.3 | 4.8 | 38.7% |
| Japan | 1.2 | N/A | N/A | 0.2 | -45.0% |
| China | 2.3 | 4.0 | 0.4 | N/A | -58.3% |
| India | 5.6 | 7.1 | 0.5 | N/A | -70.1% |
| Indonesia | 7.1 | 11.1 | 0.2 | N/A | -83.2% |
| Oman | 2.2 | 1.2 | 0.3 | N/A | -63.1% |
| Bangladesh | 2.8 | 4.5 | 5.9 | N/A | 45.2% |
| Pakistan | N/A | 1.9 | N/A | N/A | 0% |
| Others | 3.7 | 1.2 | 2.1 | 0.2 | -62.2% |
| Total | 26.7 | 32.0 | 10.7 | 5.2 | -42.0% |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Malaysia in 2022:
- Singapore (19.0K tons)
- Japan (0.3K tons)
- China (0.1K tons)
- India (0.1K tons)
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