Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania - 2022

Contents:

1. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania (CIF) - 2022
2. Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania (FOB) - 2022
3. Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania
4. Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania (CIF) - 2022

In 2022, the average import price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $8,915 per unit, approximately reflecting the previous year. Overall, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2016 an increase of 83% against the previous year. As a result, import price reached the peak level of $17,701 per unit. From 2017 to 2022, the average 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 Italy ($60,385 per unit), while the price for China ($3,744 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania (FOB) - 2022

In 2022, the average export price for electric motors; AC motors, multi-phase, of an output exceeding 75kWs amounted to $8,659 per unit, surging by 106% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 2,026% against the previous year. The export price peaked at $13,130 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Germany ($15,193 per unit), while the average price for exports to Belgium totaled $2,124 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+63.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania

After three years of growth, purchases abroad of electric motors; AC motors, multi-phase, of an output exceeding 75kWs decreased by -26.3% to 232 units in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 41% against the previous year. Over the period under review, imports of attained the maximum at 315 units in 2021, and then fell rapidly in the following year.

In value terms, imports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs plummeted to $2.1M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports attained the peak of $2.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW to Tanzania in 2022:

1. South Africa (112.0 units)
2. China (90.0 units)
3. Italy (9.0 units)
4. Malaysia (1.0 units)

Exports of Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW in Tanzania

In 2022, approx. 2 units of electric motors; AC motors, multi-phase, of an output exceeding 75kWs were exported from Tanzania; waning by -81.8% against 2021 figures. Overall, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 267%. As a result, the exports reached the peak of 11 units, and then plummeted in the following year.

In value terms, exports of electric motors; AC motors, multi-phase, of an output exceeding 75kWs dropped rapidly to $17K in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 172% against the previous year. As a result, the exports reached the peak of $46K, and then reduced rapidly in the following year.

Top Export Markets for Electric Motors; AC Motors, Multi-Phase, of an Output Exceeding 75kW from Tanzania in 2022:

1. Belgium (1.0 units)
2. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform