Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania - 2023
Contents:
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (CIF) - 2022
- Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (FOB) - 2022
- Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania
- Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (CIF) - 2022
In 2022, the average import price for iron or steel cast fittings, other than of non-malleable cast ira amounted to $1,612 per ton, picking up by 15% against the previous year. Overall, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45%. Over the period under review, average import prices hit record highs at $2,089 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($5,252 per ton), while the price for China ($801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (FOB) - 2022
The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $3,357 per ton in 2022, rising by 11% against the previous year. In general, the export price saw a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 1,970%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +109.7% per year.
Imports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania
In 2022, approx. 1.4K tons of iron or steel cast fittings, other than of non-malleable cast ira were imported into Tanzania; declining by -71.5% compared with the previous year's figure. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 366% against the previous year. As a result, imports attained the peak of 4.8K tons, and then shrank significantly in the following year.
In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira shrank remarkably to $2.2M in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 578% against the previous year. As a result, imports attained the peak of $6.8M, and then dropped rapidly in the following year.
| Import of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.2 | 1.2 | 1.2 | 999 | 346.8% |
| China | 587 | 688 | 2,817 | 849 | 13.1% |
| Turkey | 18.9 | 16.9 | 3,591 | 120 | 85.2% |
| India | 23.4 | 46.4 | 27.2 | 89.8 | 56.6% |
| Malaysia | N/A | 55.2 | 182 | 31.3 | -24.7% |
| Others | 153 | 193 | 165 | 132 | -4.8% |
| Total | 794 | 1,001 | 6,784 | 2,222 | 40.9% |
Top Suppliers of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron to Tanzania in 2022:
- China (1060.3 tons)
- Germany (203.4 tons)
- India (42.6 tons)
- Turkey (22.8 tons)
- Malaysia (15.1 tons)
Exports of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania
In 2022, approx. 24 tons of iron or steel cast fittings, other than of non-malleable cast ira were exported from Tanzania; declining by -27.3% on the previous year. Over the period under review, exports saw a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 1,545%.
In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira declined remarkably to $81K in 2022. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 3,705%.
| Export of Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 167 | 2.3 | 2.0 | 80.0 | -21.8% |
| Rwanda | 0.1 | N/A | 97.9 | N/A | 3028.9% |
| Others | 5.6 | 0.3 | 0.3 | 0.8 | -47.7% |
| Total | 173 | 2.6 | 100 | 80.9 | -22.4% |
Top Export Markets for Iron or Steel Cast Fittings, Other than of Non-Malleable Cast Iron from Tanzania in 2022:
- Democratic Republic of the Congo (24.1 tons)
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