$Tanzania - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights$

Report Update: May 3, 2024

Tanzania - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Latex Rubber Price in Tanzania - 2022

Synthetic Latex Rubber Price in Tanzania (CIF) - 2022

The average synthetic latex rubber import price stood at $1,009 per ton in 2022, jumping by 23% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 99.9%. As a result, import price attained the peak level of $2,483 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bahrain ($2,201 per ton), while the price for the United Arab Emirates ($711 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Synthetic Latex Rubber Price in Tanzania (FOB) - 2022

The average synthetic latex rubber export price stood at $917 per ton in 2022, leveling off at the previous year. Overall, the export price faced a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of 15%. The export price peaked at $3,533 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2013 to 2022, the rate of growth in terms of prices for Angola amounted to +1.9% per year.

Synthetic Latex Rubber Imports in Tanzania

In 2022, synthetic latex rubber imports into Tanzania rose notably to 204 tons, with an increase of 12% compared with the previous year. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 174% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, synthetic latex rubber imports surged to $206K in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 65%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Synthetic Latex Rubber in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	40.3	41.5	55.0	126	46.2%
Bahrain	N/A	N/A	N/A	23.3	0%
Egypt	N/A	N/A	N/A	22.6	0%
Belgium	N/A	N/A	5.1	6.2	21.6%
South Korea	N/A	2.8	N/A	3.5	11.8%
Kenya	4.8	5.2	13.5	0.5	-52.9%
South Africa	17.2	17.1	25.1	0.4	-71.5%
China	11.0	10.3	19.2	N/A	32.1%
India	3.0	8.8	10.6	N/A	88.0%
Japan	N/A	47.3	N/A	N/A	0%
Taiwan (Chinese)	3.7	2.1	1.7	N/A	-32.2%
Others	6.4	7.8	19.5	23.6	54.5%
Total	86.4	143	150	206	33.6%

Top Suppliers of Synthetic Latex Rubber to Tanzania in 2022:

United Arab Emirates (176.8 tons)
Egypt (10.8 tons)
Bahrain (10.6 tons)
Belgium (2.0 tons)
Kenya (1.5 tons)
South Korea (0.7 tons)
South Africa (0.1 tons)

Synthetic Latex Rubber Exports in Tanzania

In 2022, shipments abroad of synthetic latex rubber decreased by 0% to 436 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant curtailment. The smallest decline of 99.9% was in 2020.

In value terms, synthetic latex rubber exports amounted to $400 in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of 99.9% was in 2020.

Export of Synthetic Latex Rubber in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	N/A	N/A	N/A	0.4	0%
Mozambique	22.5	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	22.5	N/A	N/A	0.4	-73.9%

Top Export Markets for Synthetic Latex Rubber from Tanzania in 2022:

Philippines (436.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic latex rubber market 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 20171050 - Synthetic latex rubber

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023