Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco - 2023
Contents:
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (CIF) - 2022
- Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (FOB) - 2022
- Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco
- Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $277 per ton, jumping by 107% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices reached the maximum at $1,574 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($367 per ton), while the price for the UK totaled $217 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.8%), while the prices for the other major suppliers experienced a decline.
Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s amounted to $1,147 per ton, shrinking by -4.7% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. Over the period under review, the average export prices reached the maximum at $3,782 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +28.4% per year.
Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco
In 2022, approx. 185 tons of ferrous waste and scrap; of alloy steel (excluding stainless)s were imported into Morocco; picking up by 590% against 2021. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $51K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 27.1 | 0% |
| United Kingdom | N/A | N/A | 0.2 | 24.2 | 12000.0% |
| Norway | 5.3 | N/A | N/A | N/A | 0% |
| France | 13.6 | N/A | 3.3 | N/A | -50.7% |
| Netherlands | 4.8 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 23.9 | N/A | 3.6 | 51.2 | 28.9% |
Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Morocco in 2022:
- United Kingdom (111.3 tons)
- Spain (73.7 tons)
Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco
In 2022, after two years of growth, there was significant decline in shipments abroad of ferrous waste and scrap; of alloy steel (excluding stainless)s, when their volume decreased by -48.7% to 14 tons. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 153% against the previous year. As a result, the exports attained the peak of 28 tons, and then dropped sharply in the following year.
In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s dropped rapidly to $16K in 2022. Overall, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of $34K, and then declined significantly in the following year.
| Export of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | 17.7 | 33.7 | 16.5 | -3.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 17.7 | 33.7 | 16.5 | -3.4% | |
Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Morocco in 2022:
- Spain (14.4 tons)
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