Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $119 per unit, increasing by 5.5% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 furniture; wooden, other than for office, kitchen or bedroom use increased by +164.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 China ($143 per unit), while the price for Kenya ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $88 per unit, picking up by 10% against the previous year. Overall, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 67%. Over the period under review, the average export prices hit record highs at $213 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($121 per unit), while the average price for exports to Burundi ($12 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 Democratic Republic of the Congo (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania
Imports of furniture; wooden, other than for office, kitchen or bedroom use into Tanzania rose modestly to 297K units in 2022, picking up by 1.8% on the previous year's figure. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use expanded significantly to $35M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +55.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 16.9 | 20.3 | 27.9 | 29.0 | 19.7% |
Turkey | 0.4 | 0.2 | 0.6 | 0.8 | 26.0% |
United Arab Emirates | 1.7 | 0.5 | 0.9 | 0.8 | -22.2% |
United Kingdom | 1.2 | 0.6 | 1.2 | 0.7 | -16.4% |
South Africa | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
Indonesia | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
Italy | 0.2 | 0.3 | 0.3 | 0.5 | 35.7% |
Malaysia | 0.3 | 0.1 | 0.3 | 0.5 | 18.6% |
Brazil | 0.1 | N/A | 0.1 | 0.4 | 58.7% |
Kenya | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Others | 1.4 | 0.8 | 1.0 | 1.0 | -10.6% |
Total | 22.6 | 23.4 | 32.8 | 35.2 | 15.9% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Tanzania in 2022:
- China (202.5K units)
- Brazil (13.7K units)
- Turkey (10.8K units)
- United Arab Emirates (10.0K units)
- United Kingdom (9.5K units)
- Malaysia (8.9K units)
- South Africa (7.4K units)
- Kenya (7.2K units)
- Indonesia (7.1K units)
- Italy (6.5K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania
In 2022, shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -70.4% to 1.3K units, falling for the second year in a row after two years of growth. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 81% against the previous year. As a result, the exports reached the peak of 8.1K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use dropped dramatically to $119K in 2022. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 14%. As a result, the exports attained the peak of $480K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 254 | 146 | 53.0 | 26.7 | -52.8% |
France | 24.3 | 13.9 | 40.7 | 25.6 | 1.8% |
Rwanda | 8.0 | 97.4 | 46.6 | 16.0 | 26.0% |
United Arab Emirates | 2.8 | 0.4 | 1.6 | 11.1 | 58.3% |
Democratic Republic of the Congo | 1.3 | 28.4 | 18.1 | 9.1 | 91.3% |
Kenya | 6.4 | 14.8 | 10.9 | 8.8 | 11.2% |
United States | 12.3 | 34.7 | 2.4 | 3.7 | -33.0% |
Malawi | 6.5 | 26.5 | 14.1 | 3.7 | -17.1% |
Burundi | 0.2 | 5.0 | 5.2 | 0.9 | 65.1% |
Ethiopia | 3.3 | 35.3 | 3.2 | 0.6 | -43.3% |
Comoros | 50.6 | 26.6 | 129 | N/A | 59.7% |
Uganda | 0.7 | 3.4 | 8.2 | N/A | 242.3% |
Egypt | N/A | 34.1 | N/A | N/A | 0% |
Others | 48.8 | 13.5 | 30.8 | 12.7 | -36.2% |
Total | 419 | 480 | 364 | 119 | -34.3% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Tanzania in 2022:
- United Kingdom (305.0 units)
- France (257.0 units)
- Kenya (166.0 units)
- Rwanda (161.0 units)
- United Arab Emirates (102.0 units)
- Democratic Republic of the Congo (75.0 units)
- Burundi (75.0 units)
- Malawi (35.0 units)
- United States (33.0 units)
- Ethiopia (7.0 units)
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