Tanzania: Steel Plaited Band Market 2025

Steel Plaited Band Market Size in Tanzania

The Tanzanian steel plaited band market soared to $X in 2022, picking up by 255% 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 enjoyed a modest expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Steel Plaited Band Exports

Exports from Tanzania

In 2022, overseas shipments of iron or steel plaited bands and slings increased by 66% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 200%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, steel plaited band exports soared to $X in 2022. Over the period under review, exports continue to indicate a measured expansion. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malawi (X tons) was the main destination for steel plaited band exports from Tanzania, accounting for a 55% share of total exports. Moreover, steel plaited band exports to Malawi exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was held by France (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Malawi was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (0.0% per year) and France (0.0% per year).

In value terms, France ($X) emerged as the key foreign market for iron or steel plaited bands and slings exports from Tanzania, comprising 72% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an 18% share of total exports. It was followed by Malawi, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (0.0% per year) and Malawi (0.0% per year).

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2022, growing by 212% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Malawi ($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 Singapore (+98.3%), while the prices for the other major destinations experienced a decline.

Steel Plaited Band Imports

Imports into Tanzania

In 2022, approx. X tons of iron or steel plaited bands and slings were imported into Tanzania; increasing by 299% against the previous year. In general, imports showed a modest increase. The most prominent rate of growth was recorded in 2016 when imports increased by 407% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, steel plaited band imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 451%. 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 steel plaited band supplier to Tanzania, accounting for a 71% share of total imports. Moreover, steel plaited band imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. India (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+103.1% per year) and India (-16.9% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel plaited bands and slings to Tanzania, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.6% per year) and Turkey (+81.4% per year).

Import Prices by Country

In 2022, the average steel plaited band import price amounted to $X per ton, falling by -19.8% against the previous year. In general, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 India (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform