Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania - 2023

Contents:

1. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania (CIF) - 2022
2. Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania (FOB) - 2022
3. Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania
4. Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania (CIF) - 2022

The average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $9.3 per thousand units in 2022, with an increase of 5.9% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 an increase of 46%. The import price peaked at $18 per thousand units in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($84 per thousand units), while the price for South Korea ($2 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced a decline.

Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania (FOB) - 2022

The average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment stood at $20 per thousand units in 2022, with an increase of 13% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 91%. Over the period under review, the average export prices attained the maximum at $33 per thousand units in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Mozambique ($104 per thousand units), while the average price for exports to Kenya ($3.6 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+22.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania

For the fourth year in a row, Tanzania recorded growth in overseas purchases of electrical circuit prefabricated elements, connectors, contact elements and other equipment, which increased by 30% to 1.2B units in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment skyrocketed to $11M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 increased by +78.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Tanzania in 2022:

1. China (748.6M units)
2. Turkey (141.5M units)
3. Spain (94.0M units)
4. India (53.8M units)
5. South Korea (36.6M units)
6. United Arab Emirates (22.3M units)
7. South Africa (13.8M units)

Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Tanzania

In 2022, shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -58.4% to 8.4M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 200%. Over the period under review, the exports of reached the maximum at 20M units in 2021, and then shrank notably in the following year.

In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped rapidly to $171K in 2022. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. The exports peaked at $362K in 2021, and then dropped notably in the following year.

Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Tanzania in 2022:

1. Zambia (3.3M units)
2. Kenya (1.6M units)
3. Zimbabwe (0.9M units)
4. Democratic Republic of the Congo (0.8M units)
5. Malawi (0.6M units)
6. South Africa (0.3M units)
7. Mozambique (0.3M units)

Source: IndexBox Market Intelligence Platform