Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $621 per ton in 2022, reducing by -9.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 46%. Over the period under review, average import prices attained the peak figure at $729 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($758 per ton) and Indonesia ($752 per ton), while the price for Hong Kong SAR ($528 per ton) and Malaysia ($549 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $825 per ton in 2022, dropping by -8.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 19%. As a result, the export price attained the peak level of $903 per ton, and then dropped in the following year.
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 Uganda ($6,283 per ton), while the average price for exports to Kenya ($586 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 Democratic Republic of the Congo (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Tanzania shrank to 64K tons, waning by -11.2% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 29%. As a result, imports reached the peak of 72K tons, and then declined in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell remarkably to $40M in 2022. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. As a result, imports reached the peak of $49M, and then declined markedly in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 7.9 | 5.0 | 10.9 | -14.3% |
| United Arab Emirates | N/A | 1.0 | 2.8 | 9.6 | 209.8% |
| South Africa | 18.9 | 7.4 | 12.4 | 7.6 | -26.2% |
| Kenya | N/A | N/A | 3.3 | 6.1 | 84.8% |
| Malaysia | 2.4 | 0.8 | 5.9 | 2.0 | -5.9% |
| Switzerland | N/A | N/A | 0.3 | 1.9 | 533.3% |
| Singapore | 1.2 | 3.9 | 2.8 | 0.8 | -12.6% |
| India | N/A | 3.9 | 4.3 | 0.1 | -84.0% |
| Others | 1.7 | 5.1 | 12.2 | 0.5 | -33.5% |
| Total | 41.5 | 30.1 | 49.0 | 39.5 | -1.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Tanzania in 2022:
- China (17.1K tons)
- United Arab Emirates (15.5K tons)
- South Africa (12.1K tons)
- Kenya (10.1K tons)
- Malaysia (3.7K tons)
- Switzerland (3.0K tons)
- Singapore (1.2K tons)
- India (0.1K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 238 tons after two years of decline. In general, exports, however, recorded a abrupt curtailment.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell modestly to $196K in 2022. Overall, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 6.1% against the previous year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 83.9 | 0% |
| Democratic Republic of the Congo | 204 | 191 | 90.4 | 56.6 | -34.8% |
| Uganda | N/A | N/A | 0.1 | 44.5 | 44400.0% |
| Rwanda | N/A | N/A | N/A | 11.5 | 0% |
| Burundi | 96.2 | N/A | 112 | N/A | 7.9% |
| Others | 7.2 | N/A | N/A | N/A | 0% |
| Total | 308 | 191 | 202 | 196 | -14.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Tanzania in 2022:
- Kenya (143.0 tons)
- Democratic Republic of the Congo (70.8 tons)
- Rwanda (17.0 tons)
- Uganda (7.1 tons)
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