Musical Instrument Strings Price in Tanzania - 2022
Contents:
- Musical Instrument Strings Price in Tanzania (CIF) - 2022
- Musical Instrument Strings Price in Tanzania (FOB) - 2022
- Musical Instrument Strings Imports in Tanzania
- Musical Instrument Strings Exports in Tanzania
Musical Instrument Strings Price in Tanzania (CIF) - 2022
In 2022, the average musical instrument strings import price amounted to $0.2 per unit, reducing by -19.4% against the previous year. Overall, the import price recorded a pronounced curtailment. The growth pace was the most rapid in 2020 an increase of 82%. The import price peaked at $0.2 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($4.9 per unit), while the price for Japan (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+40.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Instrument Strings Price in Tanzania (FOB) - 2022
In 2022, the average musical instrument strings export price amounted to $3.2 per unit, surging by 62% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 64%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4.1 per unit), while the average price for exports to Malawi ($1.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+13.2%), while the prices for the other major destinations experienced a decline.
Musical Instrument Strings Imports in Tanzania
In 2022, supplies from abroad of musical instrument stringses increased by 172% to 42K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a dramatic decline. Over the period under review, imports hit record highs at 119K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, musical instrument strings imports soared to $7.8K in 2022. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at $15K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Musical Instrument Strings in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 1.7 | 0.9 | 3.3 | -29.7% |
| Kenya | 0.5 | 3.8 | 1.9 | 3.3 | 87.6% |
| India | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| United States | 0.8 | N/A | 0.1 | 0.3 | -27.9% |
| United Arab Emirates | 2.3 | 1.3 | 0.1 | 0.1 | -64.8% |
| Japan | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.4 | 0.3 | 0.4 | 0.5 | -29.1% |
| Total | 14.8 | 7.5 | 3.6 | 7.8 | -19.2% |
Top Suppliers of Musical Instrument Strings to Tanzania in 2022:
- China (34.1K units)
- Japan (3.5K units)
- India (1.5K units)
- United States (0.9K units)
- Kenya (0.7K units)
- United Arab Emirates (0.2K units)
Musical Instrument Strings Exports in Tanzania
In 2022, exports of musical instrument stringses from Tanzania soared to 43 units, jumping by 126% compared with the previous year's figure. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 130% against the previous year. As a result, the exports attained the peak of 159 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, musical instrument strings exports soared to $139 in 2022. Overall, exports continue to indicate buoyant growth. The exports peaked at $245 in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Musical Instrument Strings in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 34.0 | 69.0 | 16.0 | 65.0 | 24.1% |
| Kenya | 64.0 | 85.0 | 17.0 | 54.0 | -5.5% |
| Malawi | 15.0 | 27.0 | 5.0 | 20.0 | 10.1% |
| South Korea | 3.0 | N/A | N/A | N/A | 0% |
| Mauritania | N/A | 64.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 116 | 245 | 38.0 | 139 | 6.2% |
Top Export Markets for Musical Instrument Strings from Tanzania in 2022:
- Germany (16.0 units)
- Kenya (15.0 units)
- Malawi (12.0 units)
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