Price for Tin Ores and Concentrates in Tanzania - 2022

Contents:

1. Price for Tin Ores and Concentrates in Tanzania (FOB) - 2022
2. Exports of Tin Ores and Concentrates in Tanzania

Price for Tin Ores and Concentrates in Tanzania (FOB) - 2022

The average tin ores and concentrates export price stood at $26,838 per ton in December 2021, rising by 12% against the previous month. Over the period under review, export price indicated buoyant growth from January 2021 to December 2021: its price increased at an average monthly rate of +5.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, tin ores and concentrates export price increased by +83.6% against January 2021 indices. The most prominent rate of growth was recorded in February 2021 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices attained the peak figure in December 2021.

Average prices varied noticeably for the major overseas markets. In December 2021, the country with the highest price was the United Arab Emirates ($28,980 per ton), while the average price for exports to Rwanda stood at $25,108 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+12.1%).

Exports of Tin Ores and Concentrates in Tanzania

For the fourth consecutive year, Tanzania recorded growth in overseas shipments of tin ores and concentrateses, which increased by 2.1% to 13 tons in 2022. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 2.1% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, tin ores and concentrates exports rose significantly to $148K in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Tin Ores and Concentrates from Tanzania in 2022:

1. United Arab Emirates (315.5 tons)
2. Rwanda (243.1 tons)
3. Netherlands (25.8 tons)
4. Democratic Republic of the Congo (9.6 tons)

Source: IndexBox Market Intelligence Platform