Price for Aluminium Waste and Scrap in Tanzania - 2023

Contents:

1. Price for Aluminium Waste and Scrap in Tanzania (FOB) - 2022
2. Price for Aluminium Waste and Scrap in Tanzania (CIF) - 2022
3. Exports of Aluminium Waste and Scrap in Tanzania
4. Imports of Aluminium Waste and Scrap in Tanzania

Price for Aluminium Waste and Scrap in Tanzania (FOB) - 2022

The average aluminium waste and scrap export price stood at $293 per ton in 2022, shrinking by -56% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 261% against the previous year. The export price peaked at $758 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($1,520 per ton), while the average price for exports to India totaled $236 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+61.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Aluminium Waste and Scrap in Tanzania (CIF) - 2022

The average aluminium waste and scrap import price stood at $996 per ton in 2021, increasing by 22% against the previous year. Over the period under review, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 256% against the previous year. The import price peaked at $1,235 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Jordan ($1,564 per ton), while the price for Comoros ($146 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Comoros (+5.2%).

Exports of Aluminium Waste and Scrap in Tanzania

In 2022, the amount of aluminium waste and scraps exported from Tanzania skyrocketed to 1K tons, increasing by 341% compared with 2021 figures. In general, exports, however, continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 433% against the previous year.

In value terms, aluminium waste and scrap exports skyrocketed to $297K in 2022. Over the period under review, exports, however, saw a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 367%.

Top Export Markets for Aluminium Waste and Scrap from Tanzania in 2022:

1. India (971.9 tons)
2. Uganda (44.6 tons)

Imports of Aluminium Waste and Scrap in Tanzania

In 2021, the amount of aluminium waste and scraps imported into Tanzania fell significantly to 83 tons, which is down by -39.7% on the previous year's figure. In general, imports recorded a sharp downturn. The smallest decline of -32.3% was in 2020.

In value terms, aluminium waste and scrap imports reduced notably to $83K in 2021. Over the period under review, imports saw a sharp decline.

Top Suppliers of Aluminium Waste and Scrap to Tanzania in 2022:

1. Japan (48.9 tons)
2. Jordan (18.2 tons)
3. Comoros (15.8 tons)

Source: IndexBox Market Intelligence Platform