Price for Rubber Thread and Cord; Textile Covered in Tanzania - 2023

Contents:

1. Price for Rubber Thread and Cord; Textile Covered in Tanzania (CIF) - 2022
2. Price for Rubber Thread and Cord; Textile Covered in Tanzania (FOB) - 2022
3. Imports of Rubber Thread and Cord; Textile Covered in Tanzania
4. Exports of Rubber Thread and Cord; Textile Covered in Tanzania

Price for Rubber Thread and Cord; Textile Covered in Tanzania (CIF) - 2022

The average import price for rubber thread and cord; textile covereds stood at $967 per ton in 2022, growing by 3.8% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 51%. The import price peaked at $1,174 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,198 per ton), while the price for China totaled $939 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Rubber Thread and Cord; Textile Covered in Tanzania (FOB) - 2022

In 2022, the average export price for rubber thread and cord; textile covereds amounted to $2,227 per ton, growing by 74% against the previous year. Over the period under review, the export price, however, showed a noticeable reduction. The growth pace was the most rapid in 2013 when the average export price increased by 139%. As a result, the export price reached the peak level of $7,839 per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 France ($5,281 per ton), while the average price for exports to Burundi amounted to $1,208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+420.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber Thread and Cord; Textile Covered in Tanzania

In 2022, imports of rubber thread and cord; textile covereds into Tanzania soared to 48 tons, jumping by 33% compared with 2021 figures. Overall, imports, however, showed a noticeable downturn.

In value terms, imports of rubber thread and cord; textile covereds surged to $47K in 2022. Over the period under review, imports, however, continue to indicate a perceptible downturn.

Top Suppliers of Rubber Thread and Cord; Textile Covered to Tanzania in 2022:

1. China (46.9 tons)
2. United Arab Emirates (0.8 tons)

Exports of Rubber Thread and Cord; Textile Covered in Tanzania

In 2022, shipments abroad of rubber thread and cord; textile covereds decreased by -36.3% to 128 kg for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of 201 kg, and then declined dramatically in the following year.

In value terms, exports of rubber thread and cord; textile covereds expanded rapidly to $285 in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, the exports reached the peak of $300. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Rubber Thread and Cord; Textile Covered from Tanzania in 2022:

1. Burundi (96.0 kg)
2. France (32.0 kg)

Source: IndexBox Market Intelligence Platform