Tanzania - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Leaf-Spring in Tanzania - 2021
Contents:
- Price for Iron or Steel Leaf-Spring in Tanzania (CIF) - 2022
- Price for Iron or Steel Leaf-Spring in Tanzania (FOB) - 2022
- Imports of Iron or Steel Leaf-Spring in Tanzania
- Exports of Iron or Steel Leaf-Spring in Tanzania
Price for Iron or Steel Leaf-Spring in Tanzania (CIF) - 2022
In 2022, the average iron or steel leaf-spring import price amounted to $1,087 per ton, with a decrease of -23.4% against the previous year. Overall, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of 32% against the previous year. The import price peaked at $1,800 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($2,208 per ton), while the price for China ($713 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Steel Leaf-Spring in Tanzania (FOB) - 2022
The average iron or steel leaf-spring export price stood at $137 per ton in 2022, which is down by -94.6% against the previous year. Overall, the export price showed a significant decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices reached the peak figure at $2,534 per ton in 2021, and then fell dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +11.8% per year.
Imports of Iron or Steel Leaf-Spring in Tanzania
In 2022, the amount of iron or steel leaf-springs and leaves imported into Tanzania soared to 1.6K tons, rising by 55% against the previous year. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel leaf-spring imports soared to $1.8M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Iron or Steel Leaf-Spring in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 418 | 474 | 551 | 795 | 23.9% |
| India | 406 | 307 | 244 | 273 | -12.4% |
| Japan | 87.0 | 168 | 145 | 192 | 30.2% |
| Kenya | 247 | 547 | 324 | 155 | -14.4% |
| United Arab Emirates | 9.3 | 16.1 | 45.8 | 85.8 | 109.7% |
| Others | 207 | 239 | 183 | 268 | 9.0% |
| Total | 1,375 | 1,750 | 1,492 | 1,769 | 8.8% |
Top Suppliers of Iron or Steel Leaf-Spring to Tanzania in 2022:
- China (1116.4 tons)
- India (183.2 tons)
- Kenya (93.2 tons)
- United Arab Emirates (92.9 tons)
- Japan (86.8 tons)
Exports of Iron or Steel Leaf-Spring in Tanzania
In 2022, the amount of iron or steel leaf-springs and leaves exported from Tanzania surged to 35 tons, growing by 92% on the year before. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, iron or steel leaf-spring exports contracted dramatically to $4.8K in 2022. Overall, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 81%. As a result, the exports reached the peak of $47K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Iron or Steel Leaf-Spring in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 4.8 | 0% |
| Kenya | 24.8 | 44.3 | 44.1 | N/A | 33.4% |
| Rwanda | 0.6 | 2.0 | 1.7 | N/A | 68.3% |
| Zambia | 0.3 | 0.5 | 0.5 | N/A | 29.1% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 25.9 | 46.8 | 46.4 | 4.8 | -43.0% |
Top Export Markets for Iron or Steel Leaf-Spring from Tanzania in 2022:
- Democratic Republic of the Congo (35.1 tons)
This report provides an in-depth analysis of the market for iron or steel leaf-spring in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
Country coverage:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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