Price for Chain and Parts Thereof, of Iron or Steel in Tanzania - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Tanzania (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Tanzania (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Tanzania
- Exports of Chain and Parts Thereof, of Iron or Steel in Tanzania
Price for Chain and Parts Thereof, of Iron or Steel in Tanzania (CIF) - 2022
The average import price for chain and parts thereof, of iron or steel stood at $2,151 per ton in 2022, surging by 4.1% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 48%. As a result, import price attained the peak level of $2,976 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($18,809 per ton), while the price for the United Arab Emirates ($1,122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Tanzania (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $3,289 per ton, with a decrease of -14.1% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 an increase of 2,126%. As a result, the export price reached the peak level of $21,534 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($25,820 per ton), while the average price for exports to Malawi ($782 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 South Africa (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Tanzania
Imports of chain and parts thereof, of iron or steel into Tanzania rose notably to 1.8K tons in 2022, increasing by 15% on the previous year. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 31%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of chain and parts thereof, of iron or steel soared to $3.8M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Chain and Parts Thereof, of Iron or Steel in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,111 | 1,487 | 1,402 | 1,697 | 15.2% |
| India | 323 | 223 | 439 | 577 | 21.3% |
| South Africa | 559 | 515 | 542 | 505 | -3.3% |
| United Kingdom | 244 | 196 | 109 | 213 | -4.4% |
| Turkey | 137 | 117 | 75.2 | 115 | -5.7% |
| Others | 919 | 920 | 695 | 731 | -7.3% |
| Total | 3,292 | 3,459 | 3,263 | 3,839 | 5.3% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Tanzania in 2022:
- China (1449.1 tons)
- India (180.3 tons)
- South Africa (41.4 tons)
- United Kingdom (35.9 tons)
- Turkey (19.2 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Tanzania
In 2022, exports of chain and parts thereof, of iron or steel from Tanzania fell rapidly to 4.7 tons, shrinking by -74.7% against the previous year. In general, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 310%.
In value terms, exports of chain and parts thereof, of iron or steel reduced dramatically to $18K in 2022. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 813%.
| Export of Chain and Parts Thereof, of Iron or Steel in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 6.2 | 0% |
| Zimbabwe | N/A | N/A | N/A | 2.8 | 0% |
| Democratic Republic of the Congo | 4.1 | N/A | 1.5 | 2.3 | -17.5% |
| Malawi | 0.3 | 0.3 | N/A | 0.8 | 38.7% |
| Kenya | 84.3 | N/A | 6.5 | 0.5 | -81.9% |
| Comoros | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Zambia | 46.7 | 0.1 | 9.5 | 0.2 | -83.8% |
| Burundi | 0.9 | 0.2 | 45.3 | N/A | 609.5% |
| Rwanda | 14.0 | N/A | 0.1 | N/A | -91.5% |
| Angola | 8.1 | 3.1 | 3.4 | N/A | -35.2% |
| Netherlands | 1.9 | 0.1 | N/A | N/A | -94.7% |
| Others | 2.1 | 4.9 | 13.8 | 4.5 | 28.9% |
| Total | 162 | 8.8 | 79.9 | 17.6 | -52.3% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Tanzania in 2022:
- Democratic Republic of the Congo (1706.0 kg)
- Zimbabwe (1067.0 kg)
- Malawi (1038.0 kg)
- Zambia (262.0 kg)
- United Arab Emirates (239.0 kg)
- Comoros (200.0 kg)
- Kenya (108.0 kg)
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