Price for Ferrous Waste and Scrap; of Cast Iron in Tanzania - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Cast Iron in Tanzania (FOB) - 2022
2. Price for Ferrous Waste and Scrap; of Cast Iron in Tanzania (CIF) - 2022
3. Exports of Ferrous Waste and Scrap; of Cast Iron in Tanzania
4. Imports of Ferrous Waste and Scrap; of Cast Iron in Tanzania

Price for Ferrous Waste and Scrap; of Cast Iron in Tanzania (FOB) - 2022

The average export price for ferrous waste and scrap; of cast ira stood at $238 per ton in 2022, jumping by 190% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($478 per ton), while the average price for exports to Comoros ($210 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 India (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ferrous Waste and Scrap; of Cast Iron in Tanzania (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of cast ira amounted to $267 per ton, jumping by 49% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 South Africa ($1,373 per ton), while the price for Comoros ($116 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+70.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Cast Iron in Tanzania

In 2022, exports of ferrous waste and scrap; of cast ira from Tanzania declined dramatically to 6.3K tons, falling by -72.2% compared with the previous year. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 314% against the previous year. As a result, the exports attained the peak of 23K tons, and then shrank markedly in the following year.

In value terms, exports of ferrous waste and scrap; of cast ira contracted significantly to $1.5M in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 228%.

Top Export Markets for Ferrous Waste and Scrap; of Cast Iron from Tanzania in 2022:

1. India (4791.9 tons)
2. Japan (331.6 tons)
3. South Korea (330.4 tons)
4. Mozambique (309.9 tons)
5. Comoros (260.0 tons)
6. Poland (135.0 tons)
7. United Arab Emirates (103.0 tons)

Imports of Ferrous Waste and Scrap; of Cast Iron in Tanzania

In 2022, overseas purchases of ferrous waste and scrap; of cast ira were finally on the rise to reach 59 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of cast ira skyrocketed to $16K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Cast Iron to Tanzania in 2022:

1. Comoros (51.8 tons)
2. South Africa (6.0 tons)
3. Japan (1.5 tons)

Source: IndexBox Market Intelligence Platform