Project Description

Market Assessment of Iron Scrap Products in Saudi Arabia

  • Iron scrap market was estimated to be ~$1.8 billion in 2022, and projected to reach $2.3 billion by 2026, representing a CAGR of 5.5% during the period.
  • Out of 3.9 Million MT, only 10% of the scrap is high-quality scrap and suitable for induction furnaces, while the remaining is suitable only for EAF. The high-quality scrap supply is expected to reach 14-15% of total scrap by 2026.
  • In 2022, KSA imported ~114,000 tons of iron scrap, mainly by Hadeed. The limited imports of scrap are due to the unavailability of relevant infrastructure at the port as well as for transport from the port. Handling scrap is difficult due to its uneven size and shape and hence only a few companies can import the scrap into the country.
  • Over 97% of the domestic demand for scrap is met through local supply and a key source of iron scrap in the country are industrial sector – which generates the scrap from the dismantling of plants, surplus items, etc.
  • In 2022, KSA imported ~114,000 tons of iron scrap, mainly by Hadeed. The limited imports of scrap are due to the unavailability of relevant infrastructure at the port as well as for transport from the port. Handling scrap is difficult due to its uneven size and shape and hence only a few companies can import the scrap into the country.
  • Supply and demand both are highly concentrated in the KSA. The top 3 scrap suppliers account for ~68% of total scrap supply in the country, while the top 3 buyers account for ~70% of total annual demand.

Table of Content:

Macro Overview of KSA

  • Macroeconomic Activities
    • GDP, GDP by Sector
    • Inflation rate and the unemployment rate
  • KSA Demographics
    • Population by age group
    • Population outlook
  • Iron Scrap market value chain / Scrap Collection Channel Structure
    • Key stakeholders in Saudi Arabia
    • Quality of Iron scrap generated

Market Analysis – Iron Scrap market (2021-2026) Supply Assessment

  • By Scrap Source
    • Household
    • Construction
    • Automotive
    • Metal fabricators
    • Others
  • Scrap Generation by Province

Demand Assessment

  • Key buyers of Scrap in KSA
  • Annual demand for iron scrap

Trade Analysis

  • Imports of Iron scrap products (2017-2021)
    • Source of import countries
    • Key importers
    • Quality of scrap imported
    • Key factors driving the scrap imports
  • Exports of Iron scrap products
    • Key destinations
    • Average qty and value of exports

Market dynamics

  • Key demand drivers of Iron scrap in KSA such as increasing focus on sustainability, efforts on reducing CO2 emissions, circular economy, etc.
  • Major challenges such as the availability of skilled resources, and technology, unorganized collection and sorting activities
  • Latest trends in the market including Future trend for scrap generation

Regulatory overview – focus on imports and exports of scrap

Pricing analysis

  • Average prices of iron scrap products historical and current
  • Key drivers of the prices

Competition and Customer Landscape

  • Key providers of scrap
    • Profile of 3 key suppliers
      • Overview
      • Key stats
      • Latest updates
    • Key buyers of Scrap products
      • Profile of top 3 buyers
        • Overview
        • Key stats
        • Latest updates

Opportunity Assessment

  • Market attractiveness and key investment drivers
  • Critical success factors and risks
  • Conclusion