Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania - 2023

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $2,155 per ton in 2022, with an increase of 37% against the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 120%. As a result, import price reached the peak level of $5,899 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,544 per ton), while the price for China ($1,497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $11,122 per ton, which is down by -27.3% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 an increase of 268% against the previous year. Over the period under review, the average export prices attained the peak figure at $15,301 per ton in 2021, and then plummeted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($29,802 per ton), while the average price for exports to Zambia ($589 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 (+127.2%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania

In 2022, the amount of tube or pipe fittings of non-malleable cast iron imported into Tanzania reduced dramatically to 499 tons, shrinking by -20.7% against 2021. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 161% against the previous year. As a result, imports attained the peak of 629 tons, and then dropped notably in the following year.

In value terms, imports of tube or pipe fittings of non-malleable cast iron reached $1.1M in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 93%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Tanzania in 2022:

1. China (301.5 tons)
2. India (184.3 tons)
3. France (7.5 tons)
4. United Arab Emirates (3.3 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Tanzania

Exports of tube or pipe fittings of non-malleable cast iron from Tanzania soared to 576 kg in 2022, increasing by 34% compared with 2021 figures. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tube or pipe fittings of non-malleable cast iron dropped modestly to $6.4K in 2022. In general, exports enjoyed significant growth.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Tanzania in 2022:

1. United Arab Emirates (343.0 kg)
2. Democratic Republic of the Congo (177.0 kg)
3. Zambia (56.0 kg)

Source: IndexBox Market Intelligence Platform