Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania (CIF) - 2022
2. Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania
4. Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania (CIF) - 2022

The average import price for alloy steel flat-rolled products, of a width of less than 600mms stood at $3,696 per ton in 2022, surging by 38% against the previous year. Overall, the import price showed resilient growth. The pace of growth was the most pronounced in 2019 an increase of 57% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 South Africa ($5,781 per ton), while the price for Hong Kong SAR ($874 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width of less than 600mms amounted to $7,955 per ton, almost unchanged from the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($12,952 per ton), while the average price for exports to Burundi ($1,584 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 Zambia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania

In 2022, the amount of alloy steel flat-rolled products, of a width of less than 600mms imported into Tanzania reduced sharply to 584 tons, with a decrease of -42.2% against the previous year's figure. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 65%. As a result, imports reached the peak of 1K tons, and then contracted notably in the following year.

In value terms, imports of alloy steel flat-rolled products, of a width of less than 600mms fell significantly to $2.2M in 2022. In general, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. As a result, imports reached the peak of $2.7M, and then fell sharply in the following year.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm to Tanzania in 2022:

1. United Arab Emirates (338.3 tons)
2. Germany (203.3 tons)
3. India (16.9 tons)
4. China (5.9 tons)
5. France (3.2 tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm in Tanzania

For the third year in a row, Tanzania recorded decline in shipments abroad of alloy steel flat-rolled products, of a width of less than 600mms, which decreased by 0% to 4.8 tons in 2022. In general, exports faced a significant decrease. The smallest decline of -93.3% was in 2020.

In value terms, exports of alloy steel flat-rolled products, of a width of less than 600mms totaled $38K in 2022. Overall, exports saw a dramatic setback. The smallest decline of -97.5% was in 2020.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width of Less than 600mm from Tanzania in 2022:

1. Rwanda (2.5 tons)
2. Zambia (2.2 tons)
3. Burundi (0.1 tons)

Source: IndexBox Market Intelligence Platform