Price for Ferrous Waste and Scrap; of Stainless Steel in Tanzania - 2022

Price for Ferrous Waste and Scrap; of Stainless Steel in Tanzania (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $5,748 per ton, picking up by 3.3% against the previous year. In general, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 155% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 the United Arab Emirates ($16,538 per ton), while the price for Rwanda ($397 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (+80.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Ferrous Waste and Scrap; of Stainless Steel in Tanzania

In 2022, imports of ferrous waste and scrap; of stainless steels into Tanzania dropped to 794 kg, shrinking by -11% against 2021. In general, imports recorded a sharp reduction.

In value terms, imports of ferrous waste and scrap; of stainless steels fell to $4.6K in 2022. Overall, imports faced a sharp decline. The smallest decline of -8% was in 2021.

Import of Ferrous Waste and Scrap; of Stainless Steel in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malawi	6.6	0.3	1.0	1.5	-39.0%
United Kingdom	13.5	2.7	1.9	1.3	-54.2%
Burundi	5.7	1.3	1.0	0.7	-50.3%
United Arab Emirates	N/A	N/A	0.3	0.4	33.3%
China	0.9	0.4	0.2	N/A	-52.9%
Mozambique	16.4	N/A	N/A	N/A	0%
Rwanda	0.2	0.1	N/A	N/A	-50.0%
Others	2.3	0.6	0.6	0.6	-36.1%
Total	45.7	5.4	5.0	4.6	-53.5%