Price for Winding Wire of Copper in Tanzania - 2023
Contents:
- Price for Winding Wire of Copper in Tanzania (CIF) - 2022
- Price for Winding Wire of Copper in Tanzania (FOB) - 2022
- Imports of Winding Wire of Copper in Tanzania
- Exports of Winding Wire of Copper in Tanzania
Price for Winding Wire of Copper in Tanzania (CIF) - 2022
The average winding wire of copper import price stood at $4,303 per ton in 2022, with a decrease of -23.1% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 72%. The import price peaked at $5,968 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($21,917 per ton), while the price for the United Arab Emirates ($1,176 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire of Copper in Tanzania (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $2,842 per ton, declining by -43.8% against the previous year. Over the period under review, the export price recorded a drastic downturn. The growth pace was the most rapid in 2015 an increase of 2,165%. The export price peaked at $82,173 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($20,428 per ton), while the average price for exports to Zambia ($2,530 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 Democratic Republic of the Congo (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire of Copper in Tanzania
After three years of growth, purchases abroad of winding wire of coppers decreased by -12.4% to 1.2K tons in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 56%.
In value terms, winding wire of copper imports declined slightly to $5.3M in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 147% against the previous year. As a result, imports attained the peak of $8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Winding Wire of Copper in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 545 | 1,801 | 2,957 | 3,153 | 79.5% |
| China | 453 | 546 | 1,441 | 1,310 | 42.5% |
| Egypt | N/A | N/A | N/A | 594 | 0% |
| United Arab Emirates | 12.3 | 27.4 | 127 | 77.0 | 84.3% |
| Turkey | 707 | 429 | 137 | 54.4 | -57.5% |
| South Africa | 1,399 | 253 | 399 | 22.0 | -74.9% |
| Spain | N/A | 4,854 | 27.7 | 7.6 | -96.0% |
| Others | 111 | 78.7 | 418 | 120 | 2.6% |
| Total | 3,228 | 7,989 | 5,507 | 5,338 | 18.3% |
Top Suppliers of Winding Wire of Copper to Tanzania in 2022:
- China (612.8 tons)
- India (411.9 tons)
- Egypt (71.0 tons)
- United Arab Emirates (65.5 tons)
- Turkey (16.7 tons)
- South Africa (3.5 tons)
- Spain (0.3 tons)
Exports of Winding Wire of Copper in Tanzania
After three years of growth, shipments abroad of winding wire of coppers decreased by -45.2% to 184 tons in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 140% against the previous year. As a result, the exports attained the peak of 336 tons, and then declined dramatically in the following year.
In value terms, winding wire of copper exports contracted dramatically to $526K in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 156% against the previous year. As a result, the exports attained the peak of $1.7M, and then reduced markedly in the following year.
| Export of Winding Wire of Copper in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 343 | 416 | 759 | 397 | 5.0% |
| Malawi | N/A | N/A | 6.1 | 105 | 1621.3% |
| Democratic Republic of the Congo | 39.8 | 198 | 685 | 7.2 | -43.4% |
| Burundi | N/A | 0.1 | 144 | N/A | 143900.0% |
| Others | 0.1 | 49.0 | 102 | 17.4 | 458.3% |
| Total | 383 | 663 | 1,696 | 526 | 11.2% |
Top Export Markets for Winding Wire of Copper from Tanzania in 2022:
- Zambia (156.7 tons)
- Malawi (26.1 tons)
- Democratic Republic of the Congo (0.7 tons)
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