Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania - 2022
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (CIF) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (FOB) - 2022
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $3,307 per ton in 2022, growing by 126% against the previous year. Over the period under review, the import price saw a measured increase. 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 Luxembourg ($8,593 per ton), while the price for China ($2,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $644 per ton in 2022, rising by 4% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 132% against the previous year. As a result, the export price reached the peak level of $2,111 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
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 -6.5% per year.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania
In 2022, approx. 1.1 tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were imported into Tanzania; falling by -41.9% compared with 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of 1.9 tons, and then contracted notably in the following year.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $3.7K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.0 | 10.0 | 16.0 | 2,864 | 367.7% |
| Luxembourg | 2.0 | 1.0 | 18.0 | 696 | 603.4% |
| United States | 13.0 | 5.0 | 9.0 | 127 | 113.8% |
| Mozambique | 2,462 | 1,065 | 2,291 | N/A | -3.5% |
| India | 202 | 141 | 170 | N/A | -8.3% |
| Others | 292 | 715 | 315 | 14.0 | -63.7% |
| Total | 2,999 | 1,937 | 2,819 | 3,701 | 7.3% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Tanzania in 2022:
- China (992.0 kg)
- Luxembourg (81.0 kg)
- United States (43.0 kg)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania
In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia was finally on the rise to reach 11 tons after two years of decline. Overall, exports, however, faced a dramatic shrinkage.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $7.3K in 2022. In general, exports, however, recorded a sharp curtailment.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 18.0 | 9.5 | 5.0 | 7.3 | -26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.0 | 9.5 | 5.0 | 7.3 | -26.0% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Tanzania in 2022:
- Democratic Republic of the Congo (11.3 tons)
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