MDF Price in Tanzania - 2021
Contents:
- MDF Price in Tanzania (CIF) - 2021
- MDF Price in Tanzania (FOB) - 2022
- MDF Imports in Tanzania
- MDF Exports in Tanzania
MDF Price in Tanzania (CIF) - 2021
The average MDF import price stood at $395 per cubic meter in December 2021, picking up by 14% against the previous month. Over the period under review, import price indicated a notable expansion from December 2020 to December 2021: its price increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, MDF import price decreased by -11.0% against October 2021 indices. The most prominent rate of growth was recorded in May 2021 an increase of 54% month-to-month. The import price peaked at $453 per cubic meter in July 2021; however, from August 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($555 per cubic meter), while the price for Uganda ($362 per cubic meter) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Tanzania (FOB) - 2022
In 2022, the average MDF export price amounted to $507 per cubic meter, jumping by 101% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($599 per cubic meter), while the average price for exports to Democratic Republic of the Congo ($306 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in Tanzania
MDF imports into Tanzania reduced rapidly to 19K cubic meters in 2022, falling by -15.7% against 2021. In general, imports saw a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 23K cubic meters, and then dropped significantly in the following year.
In value terms, MDF imports dropped modestly to $8.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.4% 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 +40.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $8.6M, and then declined slightly in the following year.
| Import of MDF in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 2,468 | 1,848 | 3,081 | 4,504 | 22.2% |
| Uganda | 592 | 667 | 2,202 | 1,733 | 43.1% |
| China | 1,193 | 845 | 1,697 | 1,063 | -3.8% |
| Turkey | 53.7 | 177 | 197 | 299 | 77.2% |
| India | 163 | 53.0 | 78.5 | 223 | 11.0% |
| Thailand | 656 | 812 | 561 | 218 | -30.7% |
| South Africa | 235 | 161 | 110 | 53.6 | -38.9% |
| Brazil | 778 | 1,052 | 286 | N/A | -39.4% |
| Others | 354 | 252 | 356 | 165 | -22.5% |
| Total | 6,492 | 5,868 | 8,567 | 8,259 | 8.4% |
Top Suppliers of MDF to Tanzania in 2022:
- South Africa (undefinedK cubic meters)
- Malawi (10.6K cubic meters)
- Uganda (4.5K cubic meters)
- China (2.2K cubic meters)
- Turkey (1.1K cubic meters)
- Thailand (0.5K cubic meters)
- India (0.4K cubic meters)
MDF Exports in Tanzania
In 2022, the amount of MDF exported from Tanzania surged to 3.2K cubic meters, with an increase of 1,684% against 2021. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, MDF exports skyrocketed to $1.6M in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of MDF in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 10.9 | 4.1 | 1.6 | 1,272 | 388.7% |
| Kenya | 12.0 | 21.6 | 22.4 | 314 | 196.9% |
| Democratic Republic of the Congo | 23.4 | 11.4 | 12.1 | 48.4 | 27.4% |
| Others | 4.2 | 9.9 | 9.7 | 10.9 | 37.4% |
| Total | 50.4 | 47.0 | 45.8 | 1,646 | 219.6% |
Top Export Markets for MDF from Tanzania in 2022:
- Rwanda (2125.0 cubic meters)
- Kenya (928.0 cubic meters)
- Democratic Republic of the Congo (158.0 cubic meters)
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