Price for Steel, Alloy; Semi-Finished Products in Tanzania - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Tanzania (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Tanzania (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Tanzania
- Exports of Steel, Alloy; Semi-Finished Products in Tanzania
Price for Steel, Alloy; Semi-Finished Products in Tanzania (CIF) - 2022
The average steel, alloy; semi-finished products import price stood at $495 per ton in 2022, which is down by -40% against the previous year. In general, the import price showed a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by 121% against the previous year. As a result, import price reached the peak level of $2,513 per ton. From 2020 to 2022, the average 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 India ($2,290 per ton), while the price for China ($318 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in Tanzania (FOB) - 2022
The average steel, alloy; semi-finished products export price stood at $3,036 per ton in 2022, jumping by 47% against the previous year. Overall, the export price showed a measured expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Malawi.
From 2012 to 2022, the rate of growth in terms of prices for Zambia amounted to +145.1% per year.
Imports of Steel, Alloy; Semi-Finished Products in Tanzania
For the third year in a row, Tanzania recorded decline in supplies from abroad of steel, alloy; semi-finished productses, which decreased by -73.5% to 31 tons in 2022. In general, imports showed a precipitous descent. The smallest decline of -21.7% was in 2021.
In value terms, steel, alloy; semi-finished products imports contracted rapidly to $15K in 2022. Overall, imports faced a significant curtailment. The smallest decline of -60.1% was in 2020.
| Import of Steel, Alloy; Semi-Finished Products in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.3 | 36.7 | 37.1 | 8.9 | -4.8% |
| India | 1.7 | 4.4 | 2.2 | 5.7 | 49.7% |
| United States | 593 | 196 | 51.9 | 0.7 | -89.4% |
| Others | 3.4 | 5.6 | 5.5 | N/A | 27.2% |
| Total | 609 | 243 | 96.7 | 15.4 | -70.6% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Tanzania in 2022:
- China (28.1 tons)
- India (2.5 tons)
- United States (0.4 tons)
Exports of Steel, Alloy; Semi-Finished Products in Tanzania
In 2022, approx. 222 kg of steel, alloy; semi-finished productses were exported from Tanzania; with a decrease of -90.2% against the previous year's figure. In general, exports recorded a significant decline. The smallest decline of -66.4% was in 2021.
In value terms, steel, alloy; semi-finished products exports declined markedly to $674 in 2022. Overall, exports continue to indicate a sharp descent. The smallest decline of -62% was in 2021.
| Export of Steel, Alloy; Semi-Finished Products in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 0.1 | 10.2 | 4.7 | 0.7 | 91.3% |
| Burundi | 31.2 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 2.1 | N/A | N/A | 90.9% |
| Total | 32.4 | 12.3 | 4.7 | 0.7 | -72.1% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Tanzania in 2022:
- Malawi (222.0 kg)
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