Price for Nickel; Tube and Pipe Fittings in Tanzania - 2023

Price for Nickel; Tube and Pipe Fittings in Tanzania (FOB) - 2022

The average export price for nickel; tube and pipe fittingses stood at $7,496 per ton in 2022, growing by 165% against the previous year. Overall, the export price enjoyed a prominent increase. The export price peaked at $13,728 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +61.4% per year.

Price for Nickel; Tube and Pipe Fittings in Tanzania (CIF) - 2022

In 2022, the average import price for nickel; tube and pipe fittingses amounted to $2,160 per ton, with an increase of 16% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 64%. The import price peaked at $3,529 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,901 per ton), while the price for China ($1,517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Nickel; Tube and Pipe Fittings in Tanzania

For the fourth consecutive year, Tanzania recorded growth in overseas shipments of nickel; tube and pipe fittingses, which increased by 114% to 2.5 tons in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 6,011%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, nickel; tube and pipe fittings exports soared to $19K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,724%. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Nickel; Tube and Pipe Fittings in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	N/A	N/A	18.7	0%
Democratic Republic of the Congo	0.1	2.3	3.3	N/A	474.5%
Others	N/A	N/A	N/A	N/A	0%
Total	0.1	2.3	3.3	18.7	471.8%

Top Export Markets for Nickel; Tube and Pipe Fittings from Tanzania in 2022:

Germany (2.5 tons)

Imports of Nickel; Tube and Pipe Fittings in Tanzania

In 2022, the amount of nickel; tube and pipe fittingses imported into Tanzania fell markedly to 8.2 tons, waning by -27.9% compared with the previous year. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 321% against the previous year.

In value terms, nickel; tube and pipe fittings imports reduced remarkably to $18K in 2022. In general, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 210% against the previous year.

Import of Nickel; Tube and Pipe Fittings in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	28.8	N/A	N/A	8.5	-33.4%
China	5.5	3.3	1.3	5.8	1.8%
South Africa	0.6	N/A	N/A	2.2	54.2%
India	18.0	N/A	18.3	0.1	-82.3%
South Korea	0.3	N/A	N/A	N/A	0%
Others	25.2	3.5	1.6	1.1	-64.8%
Total	78.4	6.8	21.2	17.7	-39.1%