Illuminated Sign Price in Tanzania - 2022

Contents:

  1. Illuminated Sign Price in Tanzania (CIF) - 2022
  2. Illuminated Sign Price in Tanzania (FOB) - 2022
  3. Illuminated Sign Imports in Tanzania
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa12823483149957.4%
China16726774344638.7%
Turkey699269126308-23.9%
Malaysia41.438.814514752.6%
Kenya26821888.476.3-34.2%
Lebanon34.438.557.537.63.0%
Netherlands90.146.457.331.2-29.8%
Others190228119131-11.7%
Total1,6191,3392,1661,6771.2%

Top Suppliers of Illuminated Sign to Tanzania in 2022:

  1. Turkey (34.2 tons)
  2. China (30.8 tons)
  3. South Africa (22.0 tons)
  4. Malaysia (11.5 tons)
  5. Netherlands (5.7 tons)
  6. Kenya (5.0 tons)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Zambia2.80.80.61.8-13.7%
Rwanda1.60.92.41.5-2.1%
Uganda1.10.61.71.22.9%
Kenya1.60.50.31.0-14.5%
Democratic Republic of the Congo0.20.10.30.20.0%
MalawiN/A1.8N/AN/A0%
United Kingdom1.9N/AN/AN/A0%
Others0.30.2N/AN/A-33.3%
Total9.64.95.35.7-16.0%

Top Export Markets for Illuminated Sign from Tanzania in 2022:

  1. Zambia (65.0 kg)
  2. Kenya (31.0 kg)
  3. Democratic Republic of the Congo (21.0 kg)
  4. Uganda (14.0 kg)
  5. Rwanda (6.0 kg)

Source: IndexBox Market Intelligence Platform

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