Tanzania: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Tanzania

In 2022, the Tanzanian iron or steel leaf-spring market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Tanzania

In value terms, iron or steel leaf-spring production dropped modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Tanzania

In 2022, the amount of iron or steel leaf-springs and leaves exported from Tanzania surged to X tons, picking up by X% compared with the previous year's figure. In general, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports declined dramatically to $X in 2022. Overall, exports, however, faced a significant contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for iron or steel leaf-spring exports from Tanzania, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to X%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for iron or steel leaf-springs and leaves exports from Tanzania.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at X%.

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price recorded a sharp setback. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

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 Kenya amounted to X% per year.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Tanzania

In 2022, iron or steel leaf-spring imports into Tanzania skyrocketed to X tons, increasing by X% against the previous year. Overall, imports showed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, iron or steel leaf-spring imports surged to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel leaf-spring to Tanzania, accounting for a X% share of total imports. Moreover, iron or steel leaf-spring imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Kenya (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Kenya (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Tanzania, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

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

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, falling by X% against the previous year. In general, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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