Price for Stainless Steel in Ingots or Other Primary Forms in Tanzania - 2022
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Tanzania (CIF) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Tanzania
Price for Stainless Steel in Ingots or Other Primary Forms in Tanzania (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $1,264 per ton in 2022, increasing by 5.9% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 707% against the previous year. As a result, import price reached the peak level of $5,081 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 the United States ($2,953 per ton), while the price for the Netherlands ($189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+0.7%), while the prices for the other major suppliers experienced a decline.
Imports of Stainless Steel in Ingots or Other Primary Forms in Tanzania
In 2022, approx. 3 tons of stainless steel in ingots or other primary forms were imported into Tanzania; picking up by 281% against the previous year's figure. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2020 with an increase of 1,165% against the previous year. As a result, imports attained the peak of 29 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of stainless steel in ingots or other primary forms soared to $3.8K in 2022. In general, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 690% against the previous year. As a result, imports reached the peak of $33K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Stainless Steel in Ingots or Other Primary Forms in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 2.9 | 0% |
| Luxembourg | N/A | N/A | N/A | 0.7 | 0% |
| India | N/A | 1.9 | 4.3 | 0.1 | -77.1% |
| United Kingdom | 0.8 | N/A | N/A | N/A | 0% |
| Italy | 1.3 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | 2.1 | 31.0 | -3.4 | 0.1 | -63.8% |
| Total | 4.2 | 33.0 | 0.9 | 3.8 | -3.3% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Tanzania in 2022:
- China (2651.0 kg)
- Luxembourg (629.0 kg)
- Netherlands (74.0 kg)
- India (39.0 kg)
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