Price for Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR
4. Imports of Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR

Price for Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $615 per ton in 2022, declining by -37.2% against the previous year. Overall, the export price, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2021 an increase of 48%. As a result, the export price reached the peak level of $979 per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,277 per ton), while the average price for exports to South Korea ($257 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR (CIF) - 2022

The average import price for ferrous waste and scrap; of cast ira stood at $163 per ton in 2022, falling by -60.4% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 129% against the previous year. Over the period under review, average import prices attained the peak figure at $945 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Trinidad and Tobago amounted to +4.6% per year.

Exports of Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR

After three years of growth, shipments abroad of ferrous waste and scrap; of cast ira decreased by -98.8% to 170 tons in 2022. Overall, exports showed a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 583% against the previous year. As a result, the exports reached the peak of 14K tons, and then shrank rapidly in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira contracted rapidly to $105K in 2022. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 909%. As a result, the exports attained the peak of $14M, and then declined significantly in the following year.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Hong Kong SAR in 2022:

1. China (100.9 tons)
2. Malaysia (44.4 tons)
3. Thailand (20.1 tons)
4. South Korea (5.0 tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of ferrous waste and scrap; of cast ira, which decreased by -89.4% to 4.3 tons in 2022. Over the period under review, imports showed a sharp reduction. The smallest decline of -53.9% was in 2020.

In value terms, imports of ferrous waste and scrap; of cast ira declined remarkably to $705 in 2022. In general, imports continue to indicate a precipitous decrease. The smallest decline of -58.5% was in 2020.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Hong Kong SAR in 2022:

1. China (4.3 tons)

Source: IndexBox Market Intelligence Platform