Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Tanzania - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Tanzania (CIF) - 2022
2. Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Tanzania

Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Tanzania (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $3,754 per ton, increasing by 33% against the previous year. Overall, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, average import prices reached the maximum at $9,000 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,907 per ton), while the price for the United Arab Emirates stood at $3,599 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Tanzania

In 2022, imports of steel, alloy into Tanzania declined remarkably to 566 tons, which is down by -39% on the year before. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 927 tons, and then dropped dramatically in the following year.

In value terms, imports of steel, alloy contracted sharply to $2.1M in 2022. Overall, imports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, imports attained the peak of $2.6M, and then contracted significantly in the following year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Tanzania in 2022:

1. India (284.2 tons)
2. United Arab Emirates (281.6 tons)

Source: IndexBox Market Intelligence Platform