Key Market Indicators
Tanzanian iron ore exports saw a significant decline in 2023, totaling approximately $348,000. This represents a 31.2% decrease from the $506,000 recorded in 2022. The downward trend has been consistent over the years, with a 21.6% year-on-year decline observed since 2003. On the import side, Tanzania experienced a dramatic increase in iron ore imports in 2018, reaching around $115,000. This marks a substantial 252.2% rise from the $32,650 reported in 2017. Despite this spike, the long-term trend shows a decrease in demand, with imports falling by 53.2% on a yearly basis since 2000.
