Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $3,796 per ton in 2022, jumping by 20% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 41%. Over the period under review, average import prices reached the peak figure at $18,197 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 ($46,935 per ton), while the price for China ($3,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.6%), while the prices for the other major suppliers experienced a decline.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $4,481 per ton, which is down by -45.8% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 479% against the previous year. The export price peaked at $100,383 per ton in 2018; however, from 2019 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 the UK ($32,478 per ton), while the average price for exports to the United Arab Emirates ($1,323 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+20.5%), while the prices for the other major destinations experienced a decline.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania
In 2022, overseas purchases of machines and mechanical appliances; parts, of those having individual functionses decreased by -51.2% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,065%. As a result, imports attained the peak of 6.6K tons, and then reduced sharply in the following year.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses dropped rapidly to $12M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 380% against the previous year. As a result, imports reached the peak of $21M, and then dropped significantly in the following year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.6 | 0.6 | 16.2 | 9.1 | 147.5% |
| India | 0.3 | 1.0 | 1.7 | 0.7 | 32.6% |
| Others | 3.9 | 2.8 | 2.9 | 2.4 | -14.9% |
| Total | 4.8 | 4.3 | 20.9 | 12.2 | 36.5% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Tanzania in 2022:
- China (3.0K tons)
- India (0.1K tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania
In 2022, approx. 14 tons of machines and mechanical appliances; parts, of those having individual functionses were exported from Tanzania; shrinking by -25.4% against 2021. In general, exports saw a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 97%.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses contracted sharply to $64K in 2022. Over the period under review, exports saw a sharp curtailment. The smallest decline of -18.6% was in 2021.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | 0.1 | N/A | 23.0 | 1416.6% |
| United Arab Emirates | N/A | N/A | 0.1 | 14.9 | 14800.0% |
| Zimbabwe | N/A | N/A | N/A | 4.5 | 0% |
| United Kingdom | N/A | 62.8 | N/A | 2.2 | -81.3% |
| Rwanda | N/A | N/A | 128 | 0.4 | -99.7% |
| Kenya | 116 | 0.1 | N/A | 0.1 | -90.5% |
| Mozambique | 202 | 11.5 | 2.7 | N/A | -88.4% |
| Burundi | 2.8 | 0.1 | 21.2 | N/A | 175.2% |
| Zambia | 3.4 | 51.8 | 4.1 | N/A | 9.8% |
| Others | 521 | 68.3 | 2.5 | 19.0 | -66.8% |
| Total | 845 | 195 | 158 | 64.1 | -57.7% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Tanzania in 2022:
- United Arab Emirates (11.3 tons)
- Democratic Republic of the Congo (1.4 tons)
- Zimbabwe (1.3 tons)
- United Kingdom (0.1 tons)
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