Price for Zinc; Waste and Scrap in Tanzania - 2023

Contents:

1. Price for Zinc; Waste and Scrap in Tanzania (FOB) - 2022
2. Price for Zinc; Waste and Scrap in Tanzania (CIF) - 2022
3. Exports of Zinc; Waste and Scrap in Tanzania
4. Imports of Zinc; Waste and Scrap in Tanzania

Price for Zinc; Waste and Scrap in Tanzania (FOB) - 2022

In 2022, the average zinc; waste and scrap export price amounted to $1,024 per ton, with an increase of 45% against the previous year. Over the period under review, export price indicated a measured expansion from 2016 to 2022: its price increased at an average annual rate of +2.0% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; waste and scrap export price increased by +88.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($2,108 per ton), while the average price for exports to the United Arab Emirates ($807 per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Zinc; Waste and Scrap in Tanzania (CIF) - 2022

The average zinc; waste and scrap import price stood at $3,153 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price saw a significant expansion. The growth pace was the most rapid in 2021 when the average import price decreased by 99.9%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 ($63,250 per ton), while the price for Burundi totaled $257 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Burundi (+6.6%).

Exports of Zinc; Waste and Scrap in Tanzania

In 2022, after three years of growth, there was significant decline in overseas shipments of zinc; waste and scraps, when their volume decreased by -40.6% to 184 tons. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year.

In value terms, zinc; waste and scrap exports shrank to $189K in 2022. In general, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 74%. As a result, the exports reached the peak of $219K, and then shrank in the following year.

Top Export Markets for Zinc; Waste and Scrap from Tanzania in 2022:

1. India (56.7 tons)
2. Belgium (45.0 tons)
3. South Korea (35.4 tons)
4. United Arab Emirates (27.8 tons)
5. Turkey (19.6 tons)

Imports of Zinc; Waste and Scrap in Tanzania

In 2022, imports of zinc; waste and scraps into Tanzania stood at 261 kg, remaining relatively unchanged against the year before. Over the period under review, imports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, zinc; waste and scrap imports totaled $823 in 2022. Overall, imports recorded a abrupt downturn. The smallest decline of 99.9% was in 2021.

Top Suppliers of Zinc; Waste and Scrap to Tanzania in 2022:

1. Burundi (249.0 kg)
2. United States (12.0 kg)

Source: IndexBox Market Intelligence Platform