Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania (CIF) - 2023
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania (CIF) - 2023
The average import price for steel, alloy stood at $2,401 per ton in December 2023, with an increase of 2,219% against the previous month. Overall, the import price, however, continues to indicate a perceptible decline. The import price peaked at $3,249 per ton in October 2023; however, from November 2023 to December 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From January 2023 to December 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to -2.1% per month.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania
In 2022, approx. 44 tons of steel, alloy were imported into Tanzania; declining by -70.7% on 2021. In general, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of 152 tons, and then declined markedly in the following year.
In value terms, imports of steel, alloy shrank markedly to $151K in 2022. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 225% against the previous year. As a result, imports attained the peak of $397K, and then fell rapidly in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 91.4 | 61.2 | 97.0 | 77.6 | -5.3% |
| India | N/A | 36.5 | 298 | 73.9 | 42.3% |
| China | 55.4 | 24.3 | N/A | N/A | -56.1% |
| Germany | 40.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.7 | N/A | 0% |
| Total | 188 | 122 | 397 | 151 | -7.0% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Tanzania in 2022:
- United Arab Emirates (23.9 tons)
- India (20.4 tons)
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