Tanzania: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in Tanzania

The Tanzanian non-alloy steel h-sections market declined slightly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 9.2% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Alloy Steel H-Sections Production in Tanzania

In value terms, non-alloy steel h-sections production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 10% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Alloy Steel H-Sections Exports

Exports from Tanzania

In 2022, shipments abroad of h-sections of of non-alloy steel increased by 268% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports recorded modest growth. The growth pace was the most rapid in 2016 with an increase of 749% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-alloy steel h-sections exports skyrocketed to $X in 2022. Overall, exports saw measured growth. The pace of growth was the most pronounced in 2021 with an increase of 979%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for non-alloy steel h-sections exports from Tanzania, with a 74% share of total exports. Moreover, non-alloy steel h-sections exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Rwanda (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled +15.1%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for h-sections of of non-alloy steel exports from Tanzania, comprising 75% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +19.7%.

Export Prices by Country

The average non-alloy steel h-sections export price stood at $X per ton in 2022, surging by 7.8% against the previous year. Overall, the export price recorded a perceptible expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 55%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Rwanda amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel H-Sections Imports

Imports into Tanzania

In 2022, purchases abroad of h-sections of of non-alloy steel increased by 88% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alloy steel h-sections imports skyrocketed to $X in 2022. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of non-alloy steel h-sections to Tanzania, accounting for a 98% share of total imports. It was followed by the United Arab Emirates (X tons), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.3% per year) and India (-44.2% per year).

In value terms, China ($X) constituted the largest supplier of h-sections of of non-alloy steel to Tanzania, comprising 94% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-0.6% per year) and India (-41.7% per year).

Import Prices by Country

In 2022, the average non-alloy steel h-sections import price amounted to $X per ton, picking up by 45% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel h-sections import price increased by +128.7% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform