Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,997 per ton, increasing by 81% against the previous year. In general, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 131%. The import price peaked in 2022 and is likely to see gradual growth in years to come.
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 Turkey ($3,557 per ton), while the price for Iran ($236 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+40.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $12,309 per ton, which is down by -40.7% against the previous year. Overall, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 4,551% against the previous year. As a result, the export price reached the peak level of $20,758 per ton, and then dropped rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($49,326 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $12,067 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+168.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania
After two years of decline, supplies from abroad of iron or non-alloy steel wire, not plated or coateds increased by 11% to 1.1K tons in 2022. Over the period under review, imports, however, continue to indicate a precipitous decrease.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds soared to $2.2M in 2022. In general, imports, however, faced a dramatic contraction.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,040 | 144 | N/A | 1,457 | 11.9% |
| China | 755 | 87.4 | 241 | 319 | -25.0% |
| Egypt | 451 | 367 | 791 | 135 | -33.1% |
| Hong Kong SAR | 46.2 | N/A | N/A | 133 | 42.3% |
| India | 13.4 | 61.2 | 51.2 | 131 | 113.8% |
| Iran | N/A | N/A | N/A | 6.5 | 0% |
| Spain | N/A | 316 | N/A | N/A | 0% |
| Italy | 2,514 | N/A | N/A | N/A | 0% |
| Others | 9.1 | 18.1 | 16.4 | 22.3 | 34.8% |
| Total | 4,829 | 994 | 1,100 | 2,203 | -23.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Tanzania in 2022:
- Turkey (409.5 tons)
- China (314.2 tons)
- Egypt (123.3 tons)
- Hong Kong SAR (111.8 tons)
- India (104.9 tons)
- Iran (27.6 tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania
In 2022, approx. 753 kg of iron or non-alloy steel wire, not plated or coateds were exported from Tanzania; with a decrease of -46.2% against the year before. Overall, exports faced a dramatic setback.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds fell rapidly to $9.3K in 2022. In general, exports recorded a significant decrease. The smallest decline of -3.1% was in 2021.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | 0.3 | 9.0 | 2900.0% |
| Burundi | 81.3 | 6.5 | 28.7 | 0.2 | -86.5% |
| Rwanda | 79.0 | 23.5 | N/A | N/A | -70.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 160 | 30.0 | 29.1 | 9.3 | -61.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Tanzania in 2022:
- Democratic Republic of the Congo (748.0 kg)
- Burundi (5.0 kg)
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This report provides an in-depth analysis of the market for iron and steel wire in Tanzania.
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This report provides an in-depth analysis of the market for iron and steel wire in Tanzania.
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