Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $6,511 per ton in 2022, growing by 252% against the previous year. In general, the import price showed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($11,609 per ton), while the price for China ($1,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania (FOB) - 2022

The average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $348 per ton in 2022, increasing by 14% against the previous year. In general, the export price recorded a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 4,241% against the previous year. As a result, the export price reached the peak level of $1,739 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to -6.6% per year.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Tanzania shrank rapidly to 18 tons, declining by -85.2% against the year before. In general, imports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s reduced notably to $119K in 2022. Over the period under review, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by 533% against the previous year. As a result, imports reached the peak of $228K, and then reduced markedly in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Tanzania in 2022:

1. Spain (13.0 tons)
2. India (2.4 tons)
3. China (2.1 tons)
4. United Kingdom (0.4 tons)
5. Turkey (0.3 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Tanzania

In 2022, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s from Tanzania contracted notably to 600 kg, with a decrease of -70% on the previous year. Over the period under review, exports faced a precipitous decrease.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s contracted sharply to $209 in 2022. In general, exports faced a dramatic decrease.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Tanzania in 2022:

1. Rwanda (600.0 kg)