Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania - 2023

Contents:

1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania (CIF) - 2022
2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania (FOB) - 2022
3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania
4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania (CIF) - 2022

In 2022, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $1,934 per ton, surging by 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 51%. As a result, import price attained the peak level of $3,127 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($9,139 per ton), while the price for Spain ($701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania (FOB) - 2022

The average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $1,817 per ton in 2022, shrinking by -31.8% against the previous year. Overall, the export price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 175% against the previous year. Over the period under review, the average export prices attained the maximum at $2,666 per ton in 2021, and then contracted significantly 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 ($3,390 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $1,412 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+21.1%).

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania

In 2022, after three years of growth, there was significant decline in supplies from abroad of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, when their volume decreased by -14.7% to 2K tons. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 75%.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s fell to $3.9M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports reached the peak of $4.1M, and then reduced in the following year.

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Tanzania in 2022:

1. China (1748.3 tons)
2. United Arab Emirates (147.0 tons)
3. Spain (76.6 tons)
4. Kenya (43.6 tons)
5. Turkey (3.5 tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Tanzania

Exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s from Tanzania skyrocketed to 72 tons in 2022, jumping by 193% compared with the year before. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 573% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s surged to $130K in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 801%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Tanzania in 2022:

1. Democratic Republic of the Congo (56.9 tons)
2. Rwanda (14.7 tons)

Source: IndexBox Market Intelligence Platform