Seals; Mechanical Price in Tanzania - 2022

Contents:

1. Seals; Mechanical Price in Tanzania (CIF) - 2022
2. Seals; Mechanical Price in Tanzania (FOB) - 2022
3. Seals; Mechanical Imports in Tanzania
4. Seals; Mechanical Exports in Tanzania

Seals; Mechanical Price in Tanzania (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $14 per unit, rising by 18% against the previous year. Overall, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 51%. Over the period under review, average import prices reached the maximum at $28 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($52 per unit), while the price for Japan ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Tanzania (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $27 per unit, which is down by -16.8% against the previous year. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 270% against the previous year. As a result, the export price reached the peak level of $63 per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($159 per unit), while the average price for exports to Democratic Republic of the Congo ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+69.0%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Tanzania

After three years of growth, overseas purchases of seals; mechanicals decreased by -3.4% to 127K units in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. Imports peaked at 132K units in 2021, and then fell in the following year.

In value terms, seals; mechanical imports stood at $1.8M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Seals; Mechanical to Tanzania in 2022:

1. China (60.9K units)
2. India (18.2K units)
3. Turkey (10.0K units)
4. South Africa (7.8K units)
5. Japan (4.2K units)
6. Finland (3.9K units)
7. Germany (3.9K units)
8. United States (2.0K units)
9. Czech Republic (1.9K units)

Seals; Mechanical Exports in Tanzania

In 2022, overseas shipments of seals; mechanicals increased by 573% to 249 units for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports skyrocketed to $6.7K in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Seals; Mechanical from Tanzania in 2022:

1. Democratic Republic of the Congo (163.0 units)
2. Uganda (23.0 units)
3. Netherlands (17.0 units)
4. Saudi Arabia (16.0 units)
5. Burundi (10.0 units)
6. Botswana (10.0 units)
7. South Africa (6.0 units)

Source: IndexBox Market Intelligence Platform