Aluminium Wire Price in Tanzania - 2023

Contents:

1. Aluminium Wire Price in Tanzania (CIF) - 2022
2. Aluminium Wire Price in Tanzania (FOB) - 2022
3. Aluminium Wire Imports in Tanzania
4. Aluminium Wire Exports in Tanzania

Aluminium Wire Price in Tanzania (CIF) - 2022

The average aluminium wire import price stood at $3,574 per ton in 2022, growing by 29% against the previous year. In general, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 an increase of 95% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bahrain ($3,800 per ton) and Kenya ($3,686 per ton), while the price for India ($2,975 per ton) and the United Arab Emirates ($3,486 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Tanzania (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $570 per ton, shrinking by -83.3% against the previous year. Over the period under review, the export price showed a deep slump. The growth pace was the most rapid in 2020 an increase of 75%. Over the period under review, the average export prices attained the maximum at $3,409 per ton in 2021, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Burundi.

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +23.0% per year.

Aluminium Wire Imports in Tanzania

In 2022, aluminium wire imports into Tanzania surged to 13K tons, jumping by 30% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, aluminium wire imports soared to $46M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Wire to Tanzania in 2022:

1. United Arab Emirates (5.8K tons)
2. Bahrain (3.6K tons)
3. Oman (3.1K tons)
4. India (0.1K tons)
5. China (0.1K tons)

Aluminium Wire Exports in Tanzania

In 2022, the amount of aluminium wires exported from Tanzania contracted notably to 300 kg, dropping by -93.8% compared with the previous year's figure. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,058%.

In value terms, aluminium wire exports shrank remarkably to $171 in 2022. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1,075%. As a result, the exports attained the peak of $16K, and then declined sharply in the following year.

Top Export Markets for Aluminium Wire from Tanzania in 2022:

1. Burundi (300.0 kg)

Source: IndexBox Market Intelligence Platform