Plugs and Socket Price in Tanzania - 2023
Contents:
- Plugs and Socket Price in Tanzania (CIF) - 2022
- Plugs and Socket Price in Tanzania (FOB) - 2022
- Plugs and Socket Imports in Tanzania
- Plugs and Socket Exports in Tanzania
Plugs and Socket Price in Tanzania (CIF) - 2022
The average plugs and socket import price stood at $38 per thousand units in 2022, increasing by 73% against the previous year. In general, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($131 per thousand units), while the price for the United Arab Emirates ($7.8 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Plugs and Socket Price in Tanzania (FOB) - 2022
In 2022, the average plugs and socket export price amounted to less than $0.1 per unit, reducing by -1.5% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 184%. The export price peaked at $0.3 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($0.4 per unit), while the average price for exports to the United Arab Emirates (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 recorded for supplies to Zimbabwe (+96.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Tanzania
For the fourth consecutive year, Tanzania recorded growth in overseas purchases of electrical plugs and sockets for under 1000 v, which increased by 15% to 193M units in 2022. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $7.3M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,827 | 2,596 | 2,782 | 5,425 | 43.7% |
| Australia | 182 | 126 | 122 | 1,007 | 76.9% |
| United Arab Emirates | 146 | 118 | 65.4 | 136 | -2.3% |
| Turkey | 178 | 84.9 | 42.4 | 123 | -11.6% |
| India | 27.6 | 41.3 | 66.5 | 98.8 | 53.0% |
| Others | 606 | 446 | 619 | 545 | -3.5% |
| Total | 2,966 | 3,413 | 3,697 | 7,335 | 35.2% |
Top Suppliers of Plugs and Socket to Tanzania in 2022:
- China (150.4M units)
- United Arab Emirates (17.5M units)
- Australia (7.7M units)
- India (5.4M units)
- Turkey (3.5M units)
Plugs and Socket Exports in Tanzania
Plugs and socket exports from Tanzania skyrocketed to 2.4M units in 2022, picking up by 1,082% compared with the year before. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket exports surged to $110K in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plugs and Socket in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | N/A | N/A | N/A | 46.7 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 33.8 | 0% |
| Rwanda | 0.3 | 0.6 | 0.6 | 7.0 | 185.8% |
| Zambia | 5.5 | 13.9 | N/A | 5.3 | -1.2% |
| Democratic Republic of the Congo | N/A | 3.6 | 0.4 | 3.2 | -5.7% |
| Netherlands | 8.7 | N/A | N/A | 1.5 | -44.3% |
| Saudi Arabia | N/A | 1.4 | N/A | N/A | 0% |
| Ghana | 18.2 | N/A | N/A | N/A | 0% |
| Others | 7.7 | 8.6 | 8.5 | 12.8 | 18.5% |
| Total | 40.4 | 28.1 | 9.5 | 110 | 39.6% |
Top Export Markets for Plugs and Socket from Tanzania in 2022:
- United Arab Emirates (1747.0K units)
- Rwanda (204.6K units)
- Zambia (134.6K units)
- Zimbabwe (131.7K units)
- Democratic Republic of the Congo (75.8K units)
- Netherlands (17.5K units)
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