Tanzania: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Tanzania

The Tanzanian market for copper bars, wire and plates expanded slightly to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient expansion. Copper bars, wire and plates consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Copper Bars, Wire And Plates

Exports from Tanzania

In 2022, shipments abroad of copper bars, wire and plates increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper bars, wire and plates exports surged to $X in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Rwanda (X tons) was the main destination for copper bars, wire and plates exports from Tanzania, accounting for a X% share of total exports. Moreover, copper bars, wire and plates exports to Rwanda exceeded the volume sent to the second major destination, Kenya (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Rwanda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and China (X% per year).

In value terms, Kenya ($X) remains the key foreign market for copper bars, wire and plates exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and China (X% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Rwanda ($X 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 China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Wire And Plates

Imports into Tanzania

In 2022, the amount of copper bars, wire and plates imported into Tanzania skyrocketed to X tons, with an increase of X% against 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, copper bars, wire and plates imports soared to $X in 2022. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of copper bars, wire and plates to Tanzania, with a X% share of total imports. Moreover, copper bars, wire and plates imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Zambia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of copper bars, wire and plates to Tanzania, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Zambia (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average import price for copper bars, wire and plates amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :