Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania - 2023

Contents:

  1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (CIF) - 2022
  2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (FOB) - 2022
  3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania
  4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (CIF) - 2022

In 2022, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $1,826 per ton, approximately mirroring the previous year. Overall, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. As a result, import price reached the peak level of $2,928 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,758 per ton), while the price for Spain ($712 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (FOB) - 2022

In 2022, the average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $1,869 per ton, reducing by -4.6% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms increased by +93.5% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $1,960 per ton, and then fell slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($4,906 per ton), while the average price for exports to Democratic Republic of the Congo stood at $1,710 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania

In 2022, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms into Tanzania expanded remarkably to 3.4K tons, with an increase of 7.8% on the year before. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 31%. As a result, imports reached the peak of 3.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms expanded sharply to $6.2M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,5064,5023,8874,85724.7%
Kenya3456953724388.3%
India28863.665.6242-5.6%
United Arab Emirates561223469203-28.7%
Turkey68126.8532104-46.5%
Spain2.733.951.553.7170.9%
Others656293415330-20.5%
Total5,0405,8375,7926,2297.3%

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Tanzania in 2022:

  1. China (2842.8 tons)
  2. United Arab Emirates (173.3 tons)
  3. Kenya (146.2 tons)
  4. Spain (75.4 tons)
  5. India (69.6 tons)
  6. Turkey (27.7 tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania

Exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms from Tanzania rose notably to 211 tons in 2022, growing by 7.5% against the previous year's figure. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 218% against the previous year. As a result, the exports attained the peak of 310 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $395K in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 235% against the previous year. As a result, the exports reached the peak of $449K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the Congo86.327630133857.6%
RwandaN/A163N/A49.8-44.7%
Burundi36.34.082.6N/A50.8%
Others11.55.60.86.7-16.5%
Total13444938539543.4%

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Tanzania in 2022:

  1. Democratic Republic of the Congo (197.8 tons)
  2. Rwanda (10.1 tons)

Source: IndexBox Market Intelligence Platform

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