Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam - 2022
Contents:
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (FOB) - 2022
- Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (CIF) - 2022
- Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam
- Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $367 per ton, falling by -4.2% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2014 when the average export price increased by 366%. Over the period under review, the average export prices attained the peak figure at $451 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($367 per ton), while the average price for exports to China totaled $367 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $217 per ton, surging by 37% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. Over the period under review, average import prices attained the maximum at $336 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Chile ($400 per ton), while the price for the Dominican Republic ($62 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam
In 2022, the amount of ferrous waste and scrap; of tinned iron or steels exported from Vietnam surged to 76 tons, rising by 114% against the previous year's figure. Over the period under review, exports recorded buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 336%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of ferrous waste and scrap; of tinned iron or steels surged to $28K in 2022. In general, exports posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 558% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 6.7 | 23.7 | 253.7% |
| Japan | 12.3 | 2.1 | 6.8 | 4.1 | -30.7% |
| Taiwan (Chinese) | 4.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.7 | 2.1 | 13.6 | 27.8 | 18.5% |
Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Vietnam in 2022:
- China (64.8 tons)
- Japan (11.2 tons)
Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam
Imports of ferrous waste and scrap; of tinned iron or steels into Vietnam shrank markedly to 61K tons in 2022, dropping by -15.7% compared with 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year.
In value terms, imports of ferrous waste and scrap; of tinned iron or steels surged to $13M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Ferrous Waste and Scrap; of Tinned Iron or Steel in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.2 | 3.8 | 6.3 | 10.3 | 25.6% |
| Dominican Republic | 5.1 | 3.7 | 4.1 | 2.0 | -26.8% |
| Canada | N/A | N/A | 0.9 | 0.4 | -55.6% |
| Panama | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Philippines | 2.0 | 0.2 | N/A | N/A | -90.0% |
| Others | 0.8 | 0.1 | N/A | 0.3 | -27.9% |
| Total | 13.1 | 7.9 | 11.4 | 13.2 | 0.3% |
Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Vietnam in 2022:
- Dominican Republic (31.9K tons)
- Chile (25.7K tons)
- Canada (1.2K tons)
- Panama (1.1K tons)
- Philippines (0.1K tons)
394
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
394
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Vietnam.
682
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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