Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,258 per ton in 2022, increasing by 15% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, plated or coated with zincs increased by +45.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 30%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($1,584 per ton), while the price for Turkey ($712 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $723 per ton, waning by -71.2% against the previous year. In general, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $2,508 per ton in 2021, and then declined sharply in the following year.
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 Democratic Republic of the Congo ($8,009 per ton), while the average price for exports to the United Arab Emirates totaled $707 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+42.7%).
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania
In 2022, the amount of iron or non-alloy steel wire, plated or coated with zincs imported into Tanzania surged to 7.3K tons, picking up by 48% compared with the year before. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% 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 +75.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs surged to $9.2M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,605 | 2,868 | 3,163 | 4,878 | 23.3% |
| Kenya | 47.5 | 98.4 | 1,047 | 2,377 | 268.5% |
| Uganda | 74.4 | 106 | 235 | 412 | 76.9% |
| Turkey | 301 | 204 | 132 | 278 | -2.6% |
| Belgium | 94.8 | 156 | 213 | 265 | 40.9% |
| South Africa | 347 | 444 | 168 | 255 | -9.8% |
| Egypt | 69.3 | 73.0 | 151 | 180 | 37.5% |
| Others | 311 | 235 | 275 | 509 | 17.8% |
| Total | 3,850 | 4,183 | 5,383 | 9,154 | 33.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Tanzania in 2022:
- China (3610.9 tons)
- Kenya (1969.1 tons)
- Turkey (390.6 tons)
- Uganda (347.8 tons)
- South Africa (188.6 tons)
- Egypt (179.5 tons)
- Belgium (168.9 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Tanzania skyrocketed to 396 tons, growing by 3,718% compared with the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $286K in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United Arab Emirates | 15.0 | 278 | 1753.3% | ||
| Others | 11.0 | 8.5 | -22.7% | ||
| Total | 26.0 | 286 | 1000.0% | ||
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Tanzania in 2022:
- United Arab Emirates (392.7 tons)
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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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