Price for Steel, Stainless; Angles, Shapes and Sections in Tanzania - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Tanzania (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Tanzania (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Tanzania
- Exports of Steel, Stainless; Angles, Shapes and Sections in Tanzania
Price for Steel, Stainless; Angles, Shapes and Sections in Tanzania (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $1,003 per ton, falling by -18.9% against the previous year. Over the period under review, the import price, however, enjoyed slight growth. The pace of growth was the most pronounced in 2020 an increase of 266% against the previous year. As a result, import price attained the peak level of $2,967 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6,071 per ton), while the price for Turkey ($497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+108.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Tanzania (FOB) - 2022
The average export price for steel, stainless stood at $1,864 per ton in 2022, jumping by 66% against the previous year. In general, the export price posted a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 3,546% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.
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 Democratic Republic of the Congo amounted to +2.2% per year.
Imports of Steel, Stainless; Angles, Shapes and Sections in Tanzania
In 2022, imports of steel, stainless into Tanzania skyrocketed to 48 tons, growing by 220% compared with 2021 figures. Over the period under review, imports, however, showed a sharp contraction.
In value terms, imports of steel, stainless skyrocketed to $50K in 2022. Overall, imports, however, saw a dramatic shrinkage.
| Import of Steel, Stainless; Angles, Shapes and Sections in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.9 | 2.6 | 8.2 | 33.9 | -30.0% |
| United Kingdom | 7.1 | N/A | N/A | 14.6 | 27.2% |
| Turkey | N/A | N/A | N/A | 0.4 | 0% |
| India | 9.7 | 5.5 | 9.8 | 0.1 | -78.2% |
| United Arab Emirates | 3.2 | 0.4 | N/A | N/A | -87.5% |
| Others | 13.1 | 39.9 | 0.6 | 1.4 | -52.5% |
| Total | 132 | 48.5 | 18.6 | 50.3 | -27.5% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Tanzania in 2022:
- China (44.4 tons)
- United Kingdom (2.4 tons)
- Turkey (0.7 tons)
- India (0.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Tanzania
In 2022, shipments abroad of steel, stainless decreased by -95.1% to 50 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2020 when exports increased by 346%. As a result, the exports reached the peak of 37 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of steel, stainless declined sharply to $94 in 2022. In general, exports showed a precipitous curtailment. The smallest decline of -50.8% was in 2020.
| Export of Steel, Stainless; Angles, Shapes and Sections in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 0.5 | 1.1 | 0.1 | -55.3% |
| Mozambique | 6.6 | N/A | N/A | N/A | 0% |
| Burundi | 0.5 | 3.0 | N/A | N/A | 500.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 3.5 | 1.1 | 0.1 | -75.7% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Tanzania in 2022:
- Democratic Republic of the Congo (50.0 kg)
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