Illuminated Sign Price in Tanzania - 2022
Contents:
- Illuminated Sign Price in Tanzania (CIF) - 2022
- Illuminated Sign Price in Tanzania (FOB) - 2022
- Illuminated Sign Imports in Tanzania
- Illuminated Sign Exports in Tanzania
Illuminated Sign Price in Tanzania (CIF) - 2022
The average illuminated sign import price stood at $13,735 per ton in 2022, dropping by -2.5% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, illuminated sign import price increased by +62.3% against 2017 indices. The growth pace was the most rapid in 2014 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $14,090 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($22,724 per ton), while the price for Italy ($3,480 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 (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Illuminated Sign Price in Tanzania (FOB) - 2022
The average illuminated sign export price stood at $41,230 per ton in 2022, reducing by -18.6% against the previous year. In general, the export price recorded a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 100%. Over the period under review, the average export prices hit record highs at $53,582 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($249,333 per ton), while the average price for exports to Democratic Republic of the Congo ($9,905 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Illuminated Sign Imports in Tanzania
In 2022, the amount of illuminated signs and illuminated name-plates imported into Tanzania fell markedly to 122 tons, dropping by -20.6% on the previous year's figure. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42%.
In value terms, illuminated sign imports fell markedly to $1.7M in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 +25.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $2.2M, and then reduced sharply in the following year.
Import of Illuminated Sign in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 128 | 234 | 831 | 499 | 57.4% |
China | 167 | 267 | 743 | 446 | 38.7% |
Turkey | 699 | 269 | 126 | 308 | -23.9% |
Malaysia | 41.4 | 38.8 | 145 | 147 | 52.6% |
Kenya | 268 | 218 | 88.4 | 76.3 | -34.2% |
Lebanon | 34.4 | 38.5 | 57.5 | 37.6 | 3.0% |
Netherlands | 90.1 | 46.4 | 57.3 | 31.2 | -29.8% |
Others | 190 | 228 | 119 | 131 | -11.7% |
Total | 1,619 | 1,339 | 2,166 | 1,677 | 1.2% |
Top Suppliers of Illuminated Sign to Tanzania in 2022:
- Turkey (34.2 tons)
- China (30.8 tons)
- South Africa (22.0 tons)
- Malaysia (11.5 tons)
- Netherlands (5.7 tons)
- Kenya (5.0 tons)
- Lebanon (3.0 tons)
Illuminated Sign Exports in Tanzania
In 2022, shipments abroad of illuminated signs and illuminated name-plates increased by 32% to 139 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous shrinkage.
In value terms, illuminated sign exports rose remarkably to $5.7K in 2022. Overall, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 7.8% against the previous year.
Export of Illuminated Sign in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 2.8 | 0.8 | 0.6 | 1.8 | -13.7% |
Rwanda | 1.6 | 0.9 | 2.4 | 1.5 | -2.1% |
Uganda | 1.1 | 0.6 | 1.7 | 1.2 | 2.9% |
Kenya | 1.6 | 0.5 | 0.3 | 1.0 | -14.5% |
Democratic Republic of the Congo | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
Malawi | N/A | 1.8 | N/A | N/A | 0% |
United Kingdom | 1.9 | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.2 | N/A | N/A | -33.3% |
Total | 9.6 | 4.9 | 5.3 | 5.7 | -16.0% |
Top Export Markets for Illuminated Sign from Tanzania in 2022:
- Zambia (65.0 kg)
- Kenya (31.0 kg)
- Democratic Republic of the Congo (21.0 kg)
- Uganda (14.0 kg)
- Rwanda (6.0 kg)
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