Price for Iron or Steel; Cast Articles in Tanzania - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Tanzania (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Tanzania (FOB) - 2022
- Imports of Iron or Steel; Cast Articles in Tanzania
- Exports of Iron or Steel; Cast Articles in Tanzania
Price for Iron or Steel; Cast Articles in Tanzania (CIF) - 2022
In 2022, the average import price for iron or steel; cast articleses amounted to $1,809 per ton, rising by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($4,209 per ton), while the price for China ($1,641 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Tanzania (FOB) - 2022
The average export price for iron or steel; cast articleses stood at $3,942 per ton in 2022, rising by 307% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,278 per ton), while the average price for exports to Democratic Republic of the Congo ($1,267 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 the United Arab Emirates (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Tanzania
In 2022, approx. 4.2K tons of iron or steel; cast articleses were imported into Tanzania; with an increase of 8.8% against the previous year. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, iron or steel; cast articles imports surged to $7.5M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +23.9% 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 +90.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | 3.1 | 4.1 | 5.6 | 26.0% |
| China | 0.8 | 1.3 | 1.0 | 1.1 | 11.2% |
| United Arab Emirates | N/A | 0.1 | N/A | 0.2 | 41.4% |
| Hong Kong SAR | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.3 | 0.5 | 0.4 | 0.6 | 26.0% |
| Total | 4.0 | 5.2 | 5.6 | 7.5 | 23.3% |
Top Suppliers of Iron or Steel; Cast Articles to Tanzania in 2022:
- India (3215.3 tons)
- China (651.6 tons)
- United Arab Emirates (144.6 tons)
- Hong Kong SAR (2.3 tons)
Exports of Iron or Steel; Cast Articles in Tanzania
After three years of growth, shipments abroad of iron or steel; cast articleses decreased by -96.6% to 4.5 tons in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,325% against the previous year.
In value terms, iron or steel; cast articles exports reduced notably to $18K in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 2,155%.
| Export of Iron or Steel; Cast Articles in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 10.7 | 0% |
| Zambia | N/A | 7.2 | N/A | 5.4 | -13.4% |
| Germany | N/A | N/A | N/A | 0.3 | 0% |
| Democratic Republic of the Congo | N/A | 27.9 | 52.7 | 0.1 | -94.0% |
| Uganda | N/A | 4.7 | 66.1 | N/A | 1306.4% |
| Rwanda | N/A | N/A | 4.1 | N/A | 0% |
| Others | 1.8 | 1.4 | 5.0 | 1.3 | -10.3% |
| Total | 1.8 | 41.2 | 128 | 17.7 | 114.2% |
Top Export Markets for Iron or Steel; Cast Articles from Tanzania in 2022:
- United Arab Emirates (2499.0 kg)
- Zambia (1800.0 kg)
- Germany (117.0 kg)
- Democratic Republic of the Congo (60.0 kg)
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