Price for Powders of Pig Iron in Tanzania - 2022

Contents:

1. Price for Powders of Pig Iron in Tanzania (CIF) - 2022
2. Imports of Powders of Pig Iron in Tanzania

Price for Powders of Pig Iron in Tanzania (CIF) - 2022

The average powders of pig iron import price stood at $497 per ton in 2022, with a decrease of -10.6% against the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2015 an increase of 75%. The import price peaked at $1,145 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Indonesia ($2,963 per ton), while the price for India amounted to $455 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Powders of Pig Iron in Tanzania

For the fourth year in a row, Tanzania recorded growth in overseas purchases of powders of pig ira, which increased by 22% to 102 tons in 2022. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, powders of pig iron imports expanded notably to $51K in 2022. Overall, imports, however, continue to indicate a drastic downturn.

Top Suppliers of Powders of Pig Iron to Tanzania in 2022:

1. India (100.2 tons)
2. Indonesia (1.7 tons)

Source: IndexBox Market Intelligence Platform