Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width 600mm or mores stood at $558 per ton in 2022, reducing by -57.2% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 68% against the previous year. Over the period under review, average import prices attained the peak figure at $2,285 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 South Africa ($4,221 per ton), while the price for Turkey ($440 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania (FOB) - 2022

The average export price for alloy steel flat-rolled products, of a width 600mm or mores stood at $1,410 per ton in 2022, surging by 34% against the previous year. Overall, the export price, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the peak figure at $22,923 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($1,449 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $1,403 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores imported into Tanzania surged to 3.5K tons, increasing by 131% against 2021. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores declined modestly to $2M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 46%. As a result, imports attained the peak of $2M, and then reduced in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Tanzania in 2022:

1. Turkey (3106.7 tons)
2. China (289.3 tons)
3. United Arab Emirates (45.5 tons)
4. India (26.3 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Tanzania

In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from Tanzania surged to 103 tons, with an increase of 259% compared with the year before. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores soared to $146K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Tanzania in 2022:

1. Democratic Republic of the Congo (89.6 tons)
2. Morocco (13.6 tons)

Source: IndexBox Market Intelligence Platform