Tanzania Long Steel Products Market Size & Outlook
Tanzania long steel products market, 2018-2030 (US$M)
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Tanzania long steel products market highlights
- The Tanzania long steel products market generated a revenue of USD 441.8 million in 2022 and is expected to reach USD 489.3 million by 2030.
- The Tanzania market is expected to grow at a CAGR of 1.3% from 2023 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2022.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
| Market revenue in 2022 | USD 441.8 million |
| Market revenue in 2030 | USD 489.3 million |
| Growth rate | 1.3% (CAGR from 2022 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, Tanzania accounted for 0.1% of the global long steel products market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,351.2 million by 2030.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Tanzania long steel products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 43.89% in 2022. Horizon Databook has segmented the Tanzania long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Tanzania's steel industry is relatively small; the country relies heavily on imported steel products to meet the domestic demand. The demand for long steel products, such as rebar and wire rods, has been increasing due to growth in the construction sector. There are several companies in Tanzania that produce steel products, but the overall production capacity is limited.
One of the largest producers is Tanzania Steel Pipes Ltd, which is a subsidiary of the International Industries Ltd (IIL) group based in Pakistan. The company produces a range of steel products, including pipes, hollow sections, and galvanized iron sheets.
Another company that produces steel products in Tanzania is Steel Masters Ltd, which produces reinforcing steel bars (rebar) and wire rods. The company has a production capacity of around 50,000 metric tons per year and supplies its products to local construction businesses.
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Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Tanzania long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Tanzania long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Tanzania long steel products market outlook size, by product, 2018-2030 (US$M)
Tanzania Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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