Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania - 2022

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania (CIF) - 2022

The average import price for tubing; flexible, with or without fittings, of base metals stood at $10,398 per ton in 2022, rising by 34% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 78% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($105,132 per ton), while the price for Brazil ($215 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $1,717 per ton in 2022, falling by -14.7% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 350%. As a result, the export price attained the peak level of $11,784 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($1,871 per ton), while the average price for exports to Rwanda ($183 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-15.1%), while the prices for the other major destinations experienced a decline.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania

In 2022, imports of tubing; flexible, with or without fittings, of base metals into Tanzania contracted dramatically to 104 tons, dropping by -20.6% against 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of 131 tons, and then shrank markedly in the following year.

In value terms, imports of tubing; flexible, with or without fittings, of base metals rose notably to $1.1M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Tanzania in 2022:

1. China (39.7 tons)
2. Brazil (19.8 tons)
3. India (16.3 tons)
4. Turkey (6.3 tons)
5. Vietnam (4.8 tons)
6. United Arab Emirates (4.5 tons)
7. Germany (3.2 tons)
8. South Africa (0.9 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Tanzania

For the fourth year in a row, Tanzania recorded growth in shipments abroad of tubing; flexible, with or without fittings, of base metals, which increased by 185% to 99 tons in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 263%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of tubing; flexible, with or without fittings, of base metals skyrocketed to $169K in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Tanzania in 2022:

1. Kenya (85.7 tons)
2. Rwanda (10.9 tons)
3. South Africa (1.7 tons)
4. Democratic Republic of the Congo (0.3 tons)

Source: IndexBox Market Intelligence Platform