Price for Hot-Rolled Wire Rod in Coils in Tanzania - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Tanzania (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Tanzania (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Tanzania
- Exports of Hot-Rolled Wire Rod in Coils in Tanzania
Price for Hot-Rolled Wire Rod in Coils in Tanzania (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $682 per ton, standing approx. at the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. The import price peaked at $700 per ton in 2013; however, from 2014 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 India ($867 per ton), while the price for Turkey ($555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Tanzania (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $1,047 per ton, waning by -4.1% against the previous year. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2018 when the average export price increased by 82%. As a result, the export price attained the peak level of $1,278 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($7,948 per ton), while the average price for exports to Kenya ($742 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Wire Rod in Coils in Tanzania
Hot-rolled wire rod in coils imports into Tanzania expanded sharply to 80K tons in 2022, surging by 9.9% against the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils imports amounted to $54M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% 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 +77.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Hot-Rolled Wire Rod in Coils in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 8.1 | 5.1 | 14.5 | -6.8% |
| United Arab Emirates | N/A | 1.0 | 2.8 | 12.7 | 256.4% |
| South Africa | 19.4 | 7.6 | 12.6 | 10.1 | -19.6% |
| Kenya | N/A | N/A | 3.4 | 8.1 | 138.2% |
| Malaysia | 2.5 | 0.9 | 6.0 | 2.7 | 2.6% |
| Switzerland | N/A | N/A | 0.3 | 2.5 | 733.3% |
| Turkey | 1.2 | 3.8 | 2.3 | 2.0 | 18.6% |
| Singapore | 1.3 | 4.0 | 2.8 | 1.0 | -8.4% |
| India | N/A | 4.0 | 4.4 | 0.1 | -84.2% |
| Others | 0.6 | 1.4 | 10.1 | 0.7 | 5.3% |
| Total | 42.9 | 30.7 | 49.8 | 54.4 | 8.2% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Tanzania in 2022:
- China (20.4K tons)
- United Arab Emirates (18.6K tons)
- South Africa (14.5K tons)
- Kenya (12.1K tons)
- Malaysia (4.5K tons)
- Switzerland (3.6K tons)
- Turkey (3.5K tons)
- Singapore (1.5K tons)
- India (0.1K tons)
Exports of Hot-Rolled Wire Rod in Coils in Tanzania
In 2022, the amount of hot-rolled wire rods in coils exported from Tanzania surged to 904 tons, with an increase of 193% on the previous year. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled wire rod in coils exports soared to $946K in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 383 | 0% |
| Democratic Republic of the Congo | 333 | 180 | 148 | 266 | -7.2% |
| Uganda | N/A | N/A | 0.1 | 203 | 202900.0% |
| Rwanda | N/A | N/A | N/A | 52.5 | 0% |
| Mozambique | 11.6 | N/A | N/A | 42.1 | 53.7% |
| Burundi | 156 | N/A | 183 | N/A | 8.3% |
| Others | N/A | 0.1 | 5.9 | N/A | 5800.0% |
| Total | 501 | 180 | 336 | 946 | 23.6% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Tanzania in 2022:
- Kenya (515.6 tons)
- Democratic Republic of the Congo (257.1 tons)
- Rwanda (61.4 tons)
- Mozambique (43.9 tons)
- Uganda (25.5 tons)
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