Tanzania: Metal Wool Market 2024

Metal Wool Market Size in Tanzania

The Tanzanian metal wool market reduced markedly to $X in 2022, falling by 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 showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Metal Wool Exports

Exports from Tanzania

Metal wool exports from Tanzania declined dramatically to X tons in 2022, waning by X% on 2021 figures. In general, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, metal wool exports fell significantly to $X in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell notably in the following year.

Exports by Country

Zambia (X kg), Kenya (X kg) and Democratic Republic of the Congo (X kg) were the main destinations of metal wool exports from Tanzania, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal wool exported from Tanzania were Democratic Republic of the Congo ($X), Zambia ($X) and Kenya ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Zambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal wool export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool export price increased by X% against 2018 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the average price for exports to Zambia ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Wool Imports

Imports into Tanzania

In 2022, the amount of iron or steel wool imported into Tanzania reduced notably to X tons, with a decrease of X% against the previous year's figure. Overall, imports continue to indicate a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then contracted remarkably in the following year.

In value terms, metal wool imports contracted notably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal wool supplier to Tanzania, with a X% share of total imports. Moreover, metal wool imports from China exceeded the figures recorded by the second-largest supplier, Kenya (X tons), fivefold. The third position in this ranking was taken by India (X tons), with an X% share.

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

In value terms, China ($X), Kenya ($X) and India ($X) were the largest metal wool suppliers to Tanzania, together accounting for X% of total imports. South Africa, the United Arab Emirates and Egypt lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Africa, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average metal wool import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform