Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania - 2023

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania (CIF) - 2023
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania (CIF) - 2023

The average import price for containers for compressed or liquefied gas, of iron or steel stood at $20.8 per unit in December 2023, with an increase of 4.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 33% month-to-month. Over the period under review, average import prices hit record highs at $24.1 per unit in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from China ($22.9 per unit) and Turkey ($19.3 per unit), while the price for India ($16.2 per unit) and Thailand ($17.6 per unit) were amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Lebanon (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania (FOB) - 2022

In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $14 per unit, falling by -42.8% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 127%. As a result, the export price reached the peak level of $86 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($20 per unit), while the average price for exports to Zimbabwe ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+56.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania

In 2022, supplies from abroad of containers for compressed or liquefied gas, of iron or steel decreased by -4.3% to 1M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +46.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Over the period under review, imports of attained the peak figure at 1.1M units in 2021, and then reduced modestly in the following year.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel rose markedly to $25M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 32%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Tanzania in 2022:

1. China (390.4K units)
2. Thailand (250.0K units)
3. Turkey (246.3K units)
4. Vietnam (60.2K units)
5. Kenya (45.2K units)
6. Lebanon (22.9K units)
7. Belgium (17.3K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Tanzania

Exports of containers for compressed or liquefied gas, of iron or steel from Tanzania dropped dramatically to 6.5K units in 2022, shrinking by -65.5% against the previous year's figure. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 960% against the previous year. As a result, the exports reached the peak of 19K units, and then declined sharply in the following year.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel reduced rapidly to $91K in 2022. In general, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,405% against the previous year. As a result, the exports reached the peak of $464K, and then shrank sharply in the following year.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Tanzania in 2022:

1. Rwanda (2290.0 units)
2. United Arab Emirates (1429.0 units)
3. Kenya (936.0 units)
4. South Africa (871.0 units)
5. Comoros (355.0 units)
6. Zimbabwe (250.0 units)
7. Uganda (200.0 units)

Source: IndexBox Market Intelligence Platform