Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania - 2023

Contents:

1. Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania
4. Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania

Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania (CIF) - 2022

The average import price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $111 per ton in 2022, shrinking by -57.1% against the previous year. Over the period under review, the import price, however, showed a mild expansion. The pace of growth appeared the most rapid in 2013 an increase of 241% against the previous year. The import price peaked at $434 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Democratic Republic of the Congo ($390 per ton), while the price for the United Arab Emirates amounted to $100 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+28.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania (FOB) - 2022

The average export price for ferrous waste and scrap; of alloy steel (excluding stainless)s stood at $358 per ton in 2021, jumping by 101% against the previous year. In general, the export price, however, recorded a abrupt downturn. The export price peaked at $711 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2013 to 2021, the rate of growth in terms of prices for Uganda amounted to -0.1% per year.

Imports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania

In 2022, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s into Tanzania soared to 509 tons, jumping by 2,056% on the previous year's figure. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of alloy steel (excluding stainless)s surged to $57K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) to Tanzania in 2022:

1. United Arab Emirates (489.0 tons)
2. Democratic Republic of the Congo (20.0 tons)

Exports of Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) in Tanzania

Exports of ferrous waste and scrap; of alloy steel (excluding stainless)s from Tanzania reduced dramatically to 3 tons in 2021, with a decrease of -96.7% compared with the year before. In general, exports faced a sharp reduction. The smallest decline of -92.5% was in 2020.

In value terms, exports of ferrous waste and scrap; of alloy steel (excluding stainless)s reduced remarkably to $1.1K in 2021. Over the period under review, exports faced a sharp setback.

Top Export Markets for Ferrous Waste and Scrap; of Alloy Steel (Excluding Stainless) from Tanzania in 2022:

1. Uganda (3.0 tons)

Source: IndexBox Market Intelligence Platform