Stainless Steel Wire Price in Tanzania - 2023
Contents:
- Stainless Steel Wire Price in Tanzania (CIF) - 2022
- Stainless Steel Wire Price in Tanzania (FOB) - 2022
- Stainless Steel Wire Imports in Tanzania
- Stainless Steel Wire Exports in Tanzania
Stainless Steel Wire Price in Tanzania (CIF) - 2022
The average stainless steel wire import price stood at $1,093 per ton in 2022, shrinking by -65.5% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 286%. The import price peaked at $3,170 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,685 per ton), while the price for Oman ($354 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Tanzania (FOB) - 2022
The average stainless steel wire export price stood at $1,626 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price saw prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 55,890%. As a result, the export price reached the peak level of $416,109 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($1,890 per ton), while the average price for exports to Uganda ($193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+9.6%), while the prices for the other major destinations experienced a decline.
Stainless Steel Wire Imports in Tanzania
In 2022, stainless steel wire imports into Tanzania skyrocketed to 52 tons, increasing by 159% on 2021. Over the period under review, imports, however, recorded a dramatic decline. The growth pace was the most rapid in 2020 with an increase of 650% against the previous year. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, stainless steel wire imports reduced to $57K in 2022. In general, imports, however, showed a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 1,764%. As a result, imports reached the peak of $4.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Stainless Steel Wire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 189 | 14.0 | 4.6 | 32.5 | -44.4% |
| Oman | N/A | N/A | N/A | 3.6 | 0% |
| United Arab Emirates | 0.8 | N/A | N/A | 0.6 | -9.1% |
| Italy | 0.3 | 1,142 | N/A | 0.1 | -30.7% |
| Spain | N/A | 2,689 | N/A | N/A | 0% |
| Turkey | 40.9 | 613 | 10.0 | N/A | -50.6% |
| Others | 9.9 | 21.9 | 48.8 | 19.9 | 26.2% |
| Total | 240 | 4,480 | 63.4 | 56.6 | -38.2% |
Top Suppliers of Stainless Steel Wire to Tanzania in 2022:
- China (38.6 tons)
- Oman (10.1 tons)
- United Arab Emirates (1.3 tons)
- Italy (0.1 tons)
Stainless Steel Wire Exports in Tanzania
In 2022, overseas shipments of stainless steel wire decreased by 0% to 6 tons, falling for the second consecutive year after two years of growth. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 12,451%. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, stainless steel wire exports amounted to $9.8K in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,264%. As a result, the exports attained the peak of $29K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Stainless Steel Wire in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | N/A | N/A | 9.5 | 0% |
| Democratic Republic of the Congo | 2.1 | 16.9 | N/A | 0.3 | -47.7% |
| Nigeria | N/A | 12.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 28.9 | N/A | 9.8 | 67.1% |
Top Export Markets for Stainless Steel Wire from Tanzania in 2022:
- Zambia (5.0 tons)
- Democratic Republic of the Congo (1.0 tons)
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