Price for Carbides, Whether or Not Chemically Defined in Tanzania - 2022

Contents:

  1. Price for Carbides, Whether or Not Chemically Defined in Tanzania (CIF) - 2022
  2. Price for Carbides, Whether or Not Chemically Defined in Tanzania (FOB) - 2022
  3. Imports of Carbides, Whether or Not Chemically Defined in Tanzania
  4. Exports of Carbides, Whether or Not Chemically Defined in Tanzania

Price for Carbides, Whether or Not Chemically Defined in Tanzania (CIF) - 2022

The average import price for carbides, whether or not chemically defineds stood at $1,198 per ton in 2022, surging by 32% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for carbides, whether or not chemically defineds increased by +79.1% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1,807 per ton), while the price for Hong Kong SAR ($663 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carbides, Whether or Not Chemically Defined in Tanzania (FOB) - 2022

In 2022, the average export price for carbides, whether or not chemically defineds amounted to $769 per ton, waning by -46.6% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 168%. Over the period under review, the average export prices attained the maximum at $4,564 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($2,136 per ton), while the average price for exports to Democratic Republic of the Congo totaled $767 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+10.5%).

Imports of Carbides, Whether or Not Chemically Defined in Tanzania

In 2022, the amount of carbides, whether or not chemically defineds imported into Tanzania skyrocketed to 987 tons, growing by 24% compared with 2021 figures. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of carbides, whether or not chemically defineds surged to $1.2M in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Carbides, Whether or Not Chemically Defined in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3413515241,10247.8%
Belgium18.825.228.543.131.9%
Hong Kong SAR7.338.524.437.873.0%
Kenya12.313.29.6N/A-11.7%
Slovakia53.3N/AN/AN/A0%
South Africa42.627.211.7N/A-47.6%
Germany26.055.740.3N/A24.5%
Others15684.885.10.3-87.6%
Total6575957231,18321.7%

Top Suppliers of Carbides, Whether or Not Chemically Defined to Tanzania in 2022:

  1. China (906.4 tons)
  2. Hong Kong SAR (57.0 tons)
  3. Belgium (23.9 tons)

Exports of Carbides, Whether or Not Chemically Defined in Tanzania

In 2022, the amount of carbides, whether or not chemically defineds exported from Tanzania surged to 16 tons, picking up by 84% compared with 2021 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,077% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of carbides, whether or not chemically defineds shrank slightly to $12K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 514%.

Export of Carbides, Whether or Not Chemically Defined in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the CongoN/AN/AN/A12.30%
Rwanda1.16.812.5N/A237.1%
OthersN/AN/AN/AN/A0%
Total1.16.812.512.3123.6%

Top Export Markets for Carbides, Whether or Not Chemically Defined from Tanzania in 2022:

  1. Democratic Republic of the Congo (16.0 tons)

Source: IndexBox Market Intelligence Platform

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