Tanzania - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania - 2021
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (CIF) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (CIF) - 2022
The average import price for hot-rolled non-alloy steel wire rods stood at $832 per ton in 2022, picking up by 21% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled non-alloy steel wire rod import price increased by +53.0% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($1,010 per ton) and China ($852 per ton), while the price for Malaysia ($730 per ton) and Kenya ($805 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (FOB) - 2022
In 2022, the average export price for hot-rolled non-alloy steel wire rods amounted to $1,396 per ton, jumping by 29% against the previous year. Overall, the export price posted prominent growth. The growth pace was the most rapid in 2021 an increase of 43% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kenya ($1,599 per ton) and Uganda ($1,358 per ton), while the average price for exports to Rwanda ($1,070 per ton) and Democratic Republic of the Congo ($1,265 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania
In 2022, approx. 76K tons of hot-rolled non-alloy steel wire rods were imported into Tanzania; picking up by 5.5% on the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, hot-rolled non-alloy steel wire rod imports surged to $64M in 2022. Over the period under review, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.5 | 7.2 | 3.4 | 17.6 | 2.2% |
| United Arab Emirates | 0.5 | 0.9 | 1.9 | 15.4 | 213.5% |
| South Africa | 16.6 | 6.8 | 8.1 | 12.2 | -9.8% |
| Kenya | 0.9 | 0.3 | 2.8 | 9.8 | 121.6% |
| Malaysia | 2.2 | 0.7 | 3.9 | 3.3 | 14.5% |
| Switzerland | 0.1 | 0.1 | 0.2 | 3.1 | 214.1% |
| Singapore | 1.2 | 3.5 | 1.8 | 1.2 | 0.0% |
| Indonesia | N/A | N/A | 3.8 | 0.3 | -92.1% |
| India | 0.6 | 3.5 | 2.9 | 0.1 | -45.0% |
| Turkey | 1.8 | 3.2 | 2.6 | N/A | 20.2% |
| Others | 2.4 | 4.6 | 18.3 | 0.6 | -37.0% |
| Total | 42.8 | 30.7 | 49.8 | 63.6 | 14.1% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Tanzania in 2022:
- China (20.6K tons)
- United Arab Emirates (18.2K tons)
- South Africa (14.6K tons)
- Kenya (12.2K tons)
- Malaysia (4.5K tons)
- Switzerland (3.6K tons)
- Singapore (1.5K tons)
- Indonesia (0.3K tons)
- India (0.1K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania
In 2022, the amount of hot-rolled non-alloy steel wire rods exported from Tanzania skyrocketed to 733 tons, jumping by 141% on the previous year's figure. Over the period under review, exports posted a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, hot-rolled non-alloy steel wire rod exports soared to $1M in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 203 | 29.3 | 106 | 437 | 29.1% |
| Democratic Republic of the Congo | 98.4 | 54.7 | 117 | 295 | 44.2% |
| Uganda | 0.5 | 0.7 | 0.3 | 232 | 674.2% |
| Rwanda | 171 | 80.3 | 90.2 | 59.9 | -29.5% |
| Others | 26.8 | 11.9 | 17.5 | N/A | -19.2% |
| Total | 500 | 177 | 330 | 1,024 | 27.0% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Tanzania in 2022:
- Kenya (273.6 tons)
- Democratic Republic of the Congo (232.8 tons)
- Uganda (170.7 tons)
- Rwanda (56.0 tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
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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