Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $34,296 per ton in 2022, picking up by 320% against the previous year. In general, the import price enjoyed resilient growth. The growth pace was the most rapid in 2020 when the average import price increased by 432% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Switzerland ($123,095 per ton), while the price for India ($4,461 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 Arab Emirates (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $405 per ton in 2022, reducing by -56.8% against the previous year. Over the period under review, the export price faced a deep slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 20,080%. As a result, the export price reached the peak level of $124,479 per ton. From 2018 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to +90.6% per year.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania

In 2022, overseas purchases of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -5.7% to 27 tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of 195% against the previous year. As a result, imports attained the peak of 75 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses skyrocketed to $361K in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 114%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Tanzania in 2022:

1. India (14.0 tons)
2. China (10.0 tons)
3. Switzerland (1.3 tons)
4. Germany (0.5 tons)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Tanzania

In 2022, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -89.7% to 1.8 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a modest increase. The pace of growth appeared the most rapid in 2021 when exports increased by 497% against the previous year. As a result, the exports attained the peak of 17 tons, and then declined markedly in the following year.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses fell dramatically to $1.5K in 2022. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 670%. As a result, the exports reached the peak of $16K, and then fell notably in the following year.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Tanzania in 2022:

1. Democratic Republic of the Congo (1.8 tons)

Source: IndexBox Market Intelligence Platform