Tanzania: Market for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines 2024

Market Size for Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines in Tanzania

In 2022, the Tanzanian market for line pipe of steel other than stainless steel for oil or gas pipelines increased by 22% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a perceptible descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Exports from Tanzania

In 2022, shipments abroad of line pipe of steel other than stainless steel for oil or gas pipelines was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 531% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 206% against the previous year. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons), Egypt (X tons) and Burundi (X tons) were the main destinations of exports of line pipe of steel other than stainless steel for oil or gas pipelines from Tanzania, with a combined 99.9% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +22.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for line pipe of steel other than stainless steel for oil or gas pipelines exported from Tanzania were Egypt ($X), Democratic Republic of the Congo ($X) and Burundi ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Democratic Republic of the Congo, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for line pipe of steel other than stainless steel for oil or gas pipelines stood at $X per ton in 2022, growing by 43% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 200% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Burundi ($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 Zambia (+40.3%), while the prices for the other major destinations experienced a decline.

Imports of Line Pipe of Steel other than Stainless Steel for Oil or Gas Pipelines

Imports into Tanzania

In 2022, purchases abroad of line pipe of steel other than stainless steel for oil or gas pipelines increased by 3.5% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 335%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of line pipe of steel other than stainless steel for oil or gas pipelines surged to $X in 2022. Overall, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 320%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Tanzania, accounting for a 68% share of total imports. Moreover, imports of line pipe of steel other than stainless steel for oil or gas pipelines from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.6% per year) and Ukraine (0.0% per year).

In value terms, China ($X) constituted the largest supplier of line pipe of steel other than stainless steel for oil or gas pipelines to Tanzania, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Ukraine, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.6% per year) and Ukraine (0.0% per year).

Import Prices by Country

In 2022, the average import price for line pipe of steel other than stainless steel for oil or gas pipelines amounted to $X per ton, growing by 39% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform