Tanzania: Market for Iron or Steel Wire Products 2025

Market Size for Iron or Steel Wire Products in Tanzania

In 2022, after four years of growth, there was decline in the Tanzanian market for iron or steel wire products, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted slightly in the following year.

Exports of Iron or Steel Wire Products

Exports from Tanzania

In 2022, iron or steel wire product exports from Tanzania surged to X tons, with an increase of X% compared with 2021. In general, exports showed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel wire product exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for iron or steel wire product exports from Tanzania, accounting for a X% share of total exports. Moreover, iron or steel wire product exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Zambia (X tons), more than tenfold. Burundi (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Burundi (X% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for iron or steel wire products exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Burundi, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Burundi (X% per year).

Export Prices by Country

In 2022, the average export price for iron or steel wire products amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Belgium ($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 Burundi (X%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Wire Products

Imports into Tanzania

In 2022, after six years of growth, there was significant decline in supplies from abroad of iron or steel wire products, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, iron or steel wire product imports rose markedly to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of iron or steel wire product to Tanzania, accounting for a X% share of total imports. Moreover, iron or steel wire product imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and Australia (X% per year).

In value terms, the largest iron or steel wire product suppliers to Tanzania were South Africa ($X), China ($X) and Australia ($X), with a combined X% share of total imports. Egypt, Turkey, India and the UK lagged somewhat behind, together comprising a further X%.

Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for iron or steel wire products amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Egypt ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform