Price for Blankets and Travelling Rugs in Tanzania - 2022

Contents:

  1. Price for Blankets and Travelling Rugs in Tanzania (CIF) - 2022
  2. Price for Blankets and Travelling Rugs in Tanzania (FOB) - 2022
  3. Imports of Blankets and Travelling Rugs in Tanzania
  4. Exports of Blankets and Travelling Rugs in Tanzania

Price for Blankets and Travelling Rugs in Tanzania (CIF) - 2022

In December 2021, the average blankets and travelling rugs import price amounted to $1.4 per unit, picking up by 23% against the previous month. Overall, import price indicated a tangible expansion from January 2021 to December 2021: its price increased at an average monthly rate of +3.7% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, blankets and travelling rugs import price increased by +41.0% against October 2021 indices. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 35% month-to-month. The import price peaked at $1.7 per unit in August 2021; however, from September 2021 to December 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was India ($3.0 per unit), while the price for China ($1.1 per unit) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced a decline.

Price for Blankets and Travelling Rugs in Tanzania (FOB) - 2022

In 2022, the average blankets and travelling rugs export price amounted to $4.5 per unit, with a decrease of -19% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs at $8 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($6.7 per unit), while the average price for exports to South Africa ($0.9 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 China (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Blankets and Travelling Rugs in Tanzania

Blankets and travelling rugs imports into Tanzania soared to 963K units in 2022, rising by 44% compared with 2021 figures. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, blankets and travelling rugs imports soared to $4.5M in 2022. The total import value increased at an average annual rate of +13.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Blankets and Travelling Rugs in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,3793,0242,2533,62615.1%
Kenya48483156870813.5%
UgandaN/A0.3N/A36.0995.4%
Turkey2.20.51.625.7126.9%
United Arab Emirates13296.12964.1-68.6%
Others75.311274710913.1%
Total3,0724,0643,8674,50913.6%

Top Suppliers of Blankets and Travelling Rugs to Tanzania in 2022:

  1. China (527.7K units)
  2. Kenya (340.3K units)
  3. Turkey (35.2K units)
  4. Uganda (33.5K units)
  5. United Arab Emirates (0.8K units)

Exports of Blankets and Travelling Rugs in Tanzania

In 2022, overseas shipments of blankets and travelling rugses decreased by -18.3% to 117K units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 81% against the previous year. The exports peaked at 144K units in 2021, and then contracted remarkably in the following year.

In value terms, blankets and travelling rugs exports dropped notably to $524K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 69%. Over the period under review, the exports reached the peak figure at $792K in 2021, and then shrank significantly in the following year.

Export of Blankets and Travelling Rugs in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya13470378444148.7%
ChinaN/AN/AN/A41.90%
QatarN/AN/AN/A20.90%
Democratic Republic of the Congo31615.52.77.5-71.3%
South AfricaN/A0.1N/A4.8592.8%
BurundiN/A37.50.1N/A-99.7%
Others1.76.95.58.369.6%
Total4527637925245.1%

Top Export Markets for Blankets and Travelling Rugs from Tanzania in 2022:

  1. Kenya (71.0K units)
  2. China (33.4K units)
  3. South Africa (5.3K units)
  4. Qatar (3.1K units)
  5. Democratic Republic of the Congo (2.7K units)

Source: IndexBox Market Intelligence Platform

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