Price for Iron Oxides and Hydroxides in Tanzania - 2022

Contents:

1. Price for Iron Oxides and Hydroxides in Tanzania (CIF) - 2022
2. Price for Iron Oxides and Hydroxides in Tanzania (FOB) - 2022
3. Imports of Iron Oxides and Hydroxides in Tanzania
4. Exports of Iron Oxides and Hydroxides in Tanzania

Price for Iron Oxides and Hydroxides in Tanzania (CIF) - 2022

The average iron oxides and hydroxides import price stood at $1,402 per ton in 2022, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($2,048 per ton), while the price for India ($753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron Oxides and Hydroxides in Tanzania (FOB) - 2022

In 2022, the average iron oxides and hydroxides export price amounted to $2,086 per ton, shrinking by -5.4% against the previous year. In general, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2019 an increase of 61%. Over the period under review, the average export prices attained the peak figure at $2,204 per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($2,145 per ton), while the average price for exports to Malawi ($1,976 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 Malawi (+39.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron Oxides and Hydroxides in Tanzania

In 2022, approx. 584 tons of iron oxides and hydroxideses were imported into Tanzania; with a decrease of -64.2% compared with the year before. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 282% against the previous year. As a result, imports attained the peak of 1.6K tons, and then reduced notably in the following year.

In value terms, iron oxides and hydroxides imports contracted sharply to $818K in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 248%. As a result, imports reached the peak of $1.7M, and then fell notably in the following year.

Top Suppliers of Iron Oxides and Hydroxides to Tanzania in 2022:

1. China (403.0 tons)
2. India (143.4 tons)
3. Germany (27.6 tons)
4. Kenya (9.2 tons)

Exports of Iron Oxides and Hydroxides in Tanzania

In 2022, shipments abroad of iron oxides and hydroxideses decreased by -32.6% to 12 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2020 when exports increased by 15%.

In value terms, iron oxides and hydroxides exports dropped markedly to $26K in 2022. In general, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 56%.

Top Export Markets for Iron Oxides and Hydroxides from Tanzania in 2022:

1. Zambia (6.9 tons)
2. Malawi (3.2 tons)
3. Kenya (2.1 tons)
4. Democratic Republic of the Congo (0.1 tons)

Source: IndexBox Market Intelligence Platform