Tanzania: Market for Precious Metal Ores And Concentrates 2025

Market Size for Precious Metal Ores And Concentrates in Tanzania

In 2022, the Tanzanian market for precious metal ores and concentrates increased by 29% to $X, rising for the third year in a row after two years of decline. In general, consumption posted a strong expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Precious Metal Ores And Concentrates in Tanzania

In value terms, precious metal ore and concentrate production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Precious Metal Ores And Concentrates

Exports from Tanzania

In 2022, shipments abroad of precious metal ores and concentrates decreased by -93.7% to X tons, falling for the second year in a row after three years of growth. Overall, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when exports increased by 341% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports dropped dramatically to $X in 2022. Over the period under review, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 246%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for precious metal ore and concentrate exports from Tanzania, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled -29.0%.

In value terms, China ($X) emerged as the key foreign market for precious metal ores and concentrates exports from Tanzania.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -29.4%.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +4.7% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Tanzania

In 2022, approx. X kg of precious metal ores and concentrates were imported into Tanzania; increasing by 9.6% against the previous year's figure. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 182%. As a result, imports reached the peak of X kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 175%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X kg), Canada (X kg) and the United States (X kg) were the main suppliers of precious metal ore and concentrate imports to Tanzania.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Australia ($X), Canada ($X) and the United States ($X) appeared to be the largest precious metal ore and concentrate suppliers to Tanzania, together accounting for 99.9% of total imports.

Among the main suppliers, Australia, with a CAGR of +0.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, waning by -79.5% against the previous year. Overall, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2013 an increase of 121% against the previous year. The import price peaked at $X per ton in 2021, and then shrank notably in the following year.

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 Canada ($X per ton), while the price for the United States ($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 (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform