Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Tanzania - 2022

Contents:

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

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

In 2022, the average export price for ferrous waste and scrap; of tinned iron or steels amounted to $500 per ton, increasing by 74% against the previous year. Overall, the export price showed prominent growth. As a result, the export price reached 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 Uganda ($516 per ton), while the average price for exports to India ($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 (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $32 per ton, reducing by -82.3% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of 95% against the previous year. Over the period under review, average import prices attained the maximum at $182 per ton in 2021, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($139 per ton), while the price for the United Arab Emirates stood at $16 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Tanzania

In 2022, overseas shipments of ferrous waste and scrap; of tinned iron or steels decreased by -7.5% to 4.8K tons, falling for the second year in a row after two years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. As a result, the exports reached the peak of 5.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels skyrocketed to $2.4M in 2022. In general, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Uganda (4.5K tons)
2. United Arab Emirates (0.1K tons)
3. India (0.1K tons)

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Tanzania

For the third consecutive year, Tanzania recorded decline in supplies from abroad of ferrous waste and scrap; of tinned iron or steels, which decreased by -95.7% to 8.6 tons in 2022. In general, imports saw a dramatic decline. The smallest decline of -7.4% was in 2021.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels dropped significantly to $278 in 2022. Overall, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2020 with an increase of 8.5%.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Tanzania in 2022:

1. United Arab Emirates (7.5 tons)
2. United Kingdom (1.1 tons)

Source: IndexBox Market Intelligence Platform