Tanzania - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Tanzania - 2022
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Tanzania (CIF) - 2022
- Price for Hot-Rolled Bearing Steel Bar in Tanzania (FOB) - 2022
- Imports of Hot-Rolled Bearing Steel Bar in Tanzania
- Exports of Hot-Rolled Bearing Steel Bar in Tanzania
Price for Hot-Rolled Bearing Steel Bar in Tanzania (CIF) - 2022
In 2022, the average hot-rolled bearing steel bar import price amounted to $554 per ton, declining by -16.1% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25%. Over the period under review, average import prices hit record highs at $683 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,572 per ton), while the price for Kenya ($677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Bearing Steel Bar in Tanzania (FOB) - 2022
In 2022, the average hot-rolled bearing steel bar export price amounted to $974 per ton, picking up by 13% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices attained the maximum at $1,799 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Zambia.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +14.4% per year.
Imports of Hot-Rolled Bearing Steel Bar in Tanzania
In 2022, imports of hot-rolled bars in bearing steels into Tanzania soared to 7K tons, growing by 257% against the previous year's figure. In general, imports posted a pronounced expansion.
In value terms, hot-rolled bearing steel bar imports soared to $3.9M in 2022. Over the period under review, imports continue to indicate a buoyant increase.
| Import of Hot-Rolled Bearing Steel Bar in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 34.0 | 31.0 | 26.0 | 12.8 | -27.8% |
| China | 2,277 | 5,606 | 112 | 5.3 | -86.7% |
| South Korea | 1.3 | 0.5 | 0.3 | 4.5 | 51.3% |
| India | 3.6 | 31.6 | 7.7 | 2.0 | -17.8% |
| South Africa | 74.8 | 61.2 | 99.6 | N/A | 15.4% |
| Turkey | 932 | 741 | 1,030 | N/A | 5.1% |
| Others | 35.6 | 8.9 | 23.4 | 3,865 | 377.1% |
| Total | 3,358 | 6,481 | 1,299 | 3,890 | 5.0% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Tanzania in 2022:
Exports of Hot-Rolled Bearing Steel Bar in Tanzania
In 2022, hot-rolled bearing steel bar exports from Tanzania fell to 161 tons, dropping by -8.3% against the year before. Over the period under review, exports recorded a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year.
In value terms, hot-rolled bearing steel bar exports rose modestly to $157K in 2022. Overall, exports continue to indicate a deep slump.
| Export of Hot-Rolled Bearing Steel Bar in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | 35.5 | N/A | 3.1 | -70.4% |
| Australia | N/A | 21.4 | N/A | N/A | 0% |
| Democratic Republic of the Congo | 284 | 105 | 152 | N/A | -26.8% |
| Others | N/A | N/A | N/A | 154 | 0% |
| Total | 284 | 162 | 152 | 157 | -17.9% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Tanzania in 2022:
- Zambia (2.6 tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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