Price for Steel, Alloy; Angles, Shapes and Sections in Tanzania - 2023
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Tanzania (CIF) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Tanzania
Price for Steel, Alloy; Angles, Shapes and Sections in Tanzania (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $2,741 per ton, jumping by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 230% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 ($17,253 per ton), while the price for China ($517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.8%), while the prices for the other major suppliers experienced a decline.
Imports of Steel, Alloy; Angles, Shapes and Sections in Tanzania
In 2022, approx. 60 tons of steel, alloy; angles, shapes and sectionses were imported into Tanzania; dropping by -30% compared with the year before. Over the period under review, imports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when imports increased by 298%.
In value terms, imports of steel, alloy; angles, shapes and sectionses rose markedly to $85K in 2022. Overall, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 411%.
| Import of Steel, Alloy; Angles, Shapes and Sections in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 59.6 | 0.4 | 17.3 | 43.9 | -9.7% |
| China | 177 | 13.8 | 48.8 | 25.8 | -47.4% |
| Indonesia | N/A | N/A | N/A | 15.0 | 0% |
| Others | 0.8 | 0.4 | 8.4 | N/A | 224.0% |
| Total | 237 | 14.6 | 74.6 | 84.8 | -29.0% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Tanzania in 2022:
- China (50.0 tons)
- Indonesia (7.5 tons)
- South Africa (2.5 tons)
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