Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $513 per ton in 2022, with a decrease of -17.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $864 per ton in 2012; however, from 2013 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 Hong Kong SAR ($1,037 per ton), while the price for India ($479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,560 per ton in 2022, reducing by -3.9% against the previous year. Over the period under review, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 131% against the previous year. The export price peaked at $1,623 per ton in 2021, and then reduced modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($1,570 per ton), while the average price for exports to Malawi amounted to $1,016 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Tanzania soared to 13K tons, with an increase of 51% against the year before. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $6.7M in 2022. Over the period under review, imports, however, showed a deep slump.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.6 | 6.6 | 4.0 | 4.0 | -15.4% |
| India | 1.1 | 1.2 | 1.2 | 2.7 | 34.9% |
| Others | 0.5 | 0.3 | 0.1 | 0.1 | -41.5% |
| Total | 8.2 | 8.1 | 5.4 | 6.7 | -6.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Tanzania in 2022:
- United Arab Emirates (7.4K tons)
- India (5.6K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Tanzania surged to 937 kg in 2022, growing by 151% on the previous year. Over the period under review, exports, however, saw a abrupt decline.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $1.5K in 2022. Overall, exports showed a measured expansion.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1,322 | 2,268 | 492 | 1,445 | 3.0% |
| Malawi | 50.0 | 50.0 | 8.0 | 17.0 | -30.2% |
| Others | N/A | N/A | 107 | N/A | 0% |
| Total | 1,372 | 2,318 | 607 | 1,462 | 2.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Tanzania in 2022:
- Zambia (920.0 kg)
- Malawi (17.0 kg)
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