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

Contents:

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

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

The average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $245 per ton in 2022, shrinking by -12.9% against the previous year. In general, the export price showed a deep downturn. The growth pace was the most rapid in 2021 when the average export price increased by 35% against the previous year. The export price peaked at $451 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($488 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 Uganda (+0.1%), while the prices for the other major destinations experienced a decline.

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

The average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels stood at $110 per ton in 2022, with a decrease of -86.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 269% against the previous year. The import price peaked at $808 per ton in 2021, and then contracted dramatically in the following year.

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 Democratic Republic of the Congo ($121 per ton), while the price for Comoros ($60 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the amount of ferrous waste and scrap; remelting scrap ingots of iron or steels exported from Tanzania surged to 17K tons, with an increase of 21% compared with the previous year's figure. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 22% against the previous year.

In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels rose rapidly to $4.1M in 2022. In general, total exports indicated a modest increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Uganda (9.6K tons)
2. India (5.3K tons)
3. United Arab Emirates (0.3K tons)
4. Mozambique (0.3K tons)
5. Japan (0.3K tons)
6. South Korea (0.3K tons)
7. Comoros (0.3K tons)

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

In 2022, approx. 678 tons of ferrous waste and scrap; remelting scrap ingots of iron or steels were imported into Tanzania; reducing by -70.5% against 2021. In general, imports faced a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 59%.

In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels reduced notably to $75K in 2022. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 189%. As a result, imports reached the peak of $1.9M, and then plummeted in the following year.

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

1. United Arab Emirates (489.1 tons)
2. Comoros (100.0 tons)
3. Democratic Republic of the Congo (78.9 tons)
4. South Africa (6.0 tons)
5. United Kingdom (0.2 tons)