Price for Wire of Other Alloy Steel in Tanzania - 2022
Contents:
- Price for Wire of Other Alloy Steel in Tanzania (CIF) - 2022
- Price for Wire of Other Alloy Steel in Tanzania (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Tanzania
- Exports of Wire of Other Alloy Steel in Tanzania
Price for Wire of Other Alloy Steel in Tanzania (CIF) - 2022
In 2022, the average import price for wire of other alloy steels amounted to $1,361 per ton, surging by 2.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 105%. As a result, import price reached the peak level of $1,928 per ton. From 2017 to 2022, the average 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 India ($1,943 per ton), while the price for Kenya ($1,067 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Tanzania (FOB) - 2022
The average export price for wire of other alloy steels stood at $618 per ton in 2022, surging by 1.9% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. As a result, the export price reached the peak level of $1,162 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +4.6% per year.
Imports of Wire of Other Alloy Steel in Tanzania
Wire of other alloy steel imports into Tanzania soared to 822 tons in 2022, jumping by 338% on 2021. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel imports soared to $1.1M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wire of Other Alloy Steel in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.7 | 26.8 | 40.7 | 850 | 166.9% |
| India | 9.4 | 55.9 | 118 | 119 | 133.1% |
| Kenya | 0.7 | 3.0 | 2.8 | 73.3 | 371.3% |
| Turkey | 23.8 | 5.5 | 37.3 | 47.6 | 26.0% |
| United Arab Emirates | 20.5 | 1.8 | 29.1 | 22.3 | 2.8% |
| Others | 54.2 | 20.2 | 21.4 | 7.0 | -49.5% |
| Total | 153 | 113 | 250 | 1,119 | 94.1% |
Top Suppliers of Wire of Other Alloy Steel to Tanzania in 2022:
- China (646.6 tons)
- Kenya (68.7 tons)
- India (61.2 tons)
- Turkey (26.6 tons)
- United Arab Emirates (17.4 tons)
Exports of Wire of Other Alloy Steel in Tanzania
After two years of decline, overseas shipments of wire of other alloy steels increased by 5,761% to 29 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wire of other alloy steel exports skyrocketed to $18K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wire of Other Alloy Steel in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.4 | 0.1 | N/A | 18.2 | 257.0% |
| Rwanda | 0.3 | 0.4 | 0.3 | N/A | 0.0% |
| Zambia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 0.5 | 0.3 | 18.2 | 183.4% |
Top Export Markets for Wire of Other Alloy Steel from Tanzania in 2022:
- Democratic Republic of the Congo (29.5 tons)
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