Price for Machinery; Parts of Machinery of Heading No. 8422 in Tanzania - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Tanzania (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Tanzania (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Tanzania
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Tanzania

Price for Machinery; Parts of Machinery of Heading No. 8422 in Tanzania (CIF) - 2022

The average import price for machinery; parts of machinery of heading no. 8422 stood at $69,370 per ton in 2022, picking up by 34% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 123% against the previous year. Over the period under review, average import prices hit record highs 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 Italy ($150,848 per ton), while the price for Turkey ($9,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Tanzania (FOB) - 2022

The average export price for machinery; parts of machinery of heading no. 8422 stood at $29,333 per ton in 2022, dropping by -28.3% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth was the most pronounced in 2018 an increase of 99%. Over the period under review, the average export prices hit record highs at $106,923 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Zambia.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +59.1% per year.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Tanzania

In 2022, imports of machinery; parts of machinery of heading no. 8422 into Tanzania rose significantly to 123 tons, growing by 8.5% against the year before. The total import volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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 machinery; parts of machinery of heading no. 8422 surged to $8.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Tanzania in 2022:

1. China (29.7 tons)
2. Germany (27.4 tons)
3. India (17.8 tons)
4. France (12.0 tons)
5. Italy (11.2 tons)
6. Turkey (9.3 tons)
7. Taiwan (Chinese) (4.3 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Tanzania

In 2022, approx. 12 kg of machinery; parts of machinery of heading no. 8422 were exported from Tanzania; with a decrease of -96.8% compared with the previous year's figure. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 435%. As a result, the exports attained the peak of 380 kg, and then declined significantly in the following year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 dropped markedly to $352 in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 251%.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Tanzania in 2022:

1. Zambia (12.0 kg)

Source: IndexBox Market Intelligence Platform