Tanzania: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Tanzania

The Tanzanian stainless steel seamless pipe market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Tanzania

In value terms, stainless steel seamless pipe production shrank to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Stainless steel seamless pipe production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Tanzania

In 2022, shipments abroad of stainless steel seamless pipe for oil and gas decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, stainless steel seamless pipe exports dropped rapidly to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Congo (X tons) was the main destination for stainless steel seamless pipe exports from Tanzania, with a X% share of total exports. Moreover, stainless steel seamless pipe exports to Congo exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Congo was relatively modest.

In value terms, Congo ($X) emerged as the key foreign market for stainless steel seamless pipe for oil and gas exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Congo was relatively modest.

Export Prices by Country

In 2022, the average stainless steel seamless pipe export price amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to Democratic Republic of the Congo stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced a decline.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Tanzania

In 2022, approx. X tons of stainless steel seamless pipe for oil and gas were imported into Tanzania; with a decrease of X% compared with the previous year. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, stainless steel seamless pipe imports dropped rapidly to $X in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest stainless steel seamless pipe supplier to Tanzania, accounting for a X% share of total imports. Moreover, stainless steel seamless pipe imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), sixfold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and India (X% per year).

In value terms, the largest stainless steel seamless pipe suppliers to Tanzania were China ($X), South Africa ($X) and India ($X), with a combined X% share of total imports. Kenya, Hong Kong SAR and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Kenya, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stainless steel seamless pipe import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform