Price for Wood; Statuettes and Other Ornaments of Wood in Tanzania - 2022

Contents:

1. Price for Wood; Statuettes and Other Ornaments of Wood in Tanzania (FOB) - 2022
2. Price for Wood; Statuettes and Other Ornaments of Wood in Tanzania (CIF) - 2022
3. Exports of Wood; Statuettes and Other Ornaments of Wood in Tanzania
4. Imports of Wood; Statuettes and Other Ornaments of Wood in Tanzania

Price for Wood; Statuettes and Other Ornaments of Wood in Tanzania (FOB) - 2022

In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $12,081 per ton, increasing by 3.7% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Germany ($108,529 per ton), while the average price for exports to China ($2,652 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 the United Arab Emirates (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wood; Statuettes and Other Ornaments of Wood in Tanzania (CIF) - 2022

The average import price for wood; statuettes and other ornaments of wood stood at $1,043 per ton in 2022, which is down by -40.3% against the previous year. In general, the import price saw a deep slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 66%. As a result, import price reached the peak level of $5,340 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,190 per ton), while the price for Malawi ($133 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced a decline.

Exports of Wood; Statuettes and Other Ornaments of Wood in Tanzania

For the third consecutive year, Tanzania recorded decline in overseas shipments of wood; statuettes and other ornaments of wood, which decreased by -22.1% to 16 tons in 2022. In general, exports showed a abrupt setback. The smallest decline of -3.2% was in 2021.

In value terms, exports of wood; statuettes and other ornaments of wood contracted significantly to $194K in 2022. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year.

Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Tanzania in 2022:

1. United States (7.5 tons)
2. China (6.8 tons)
3. Germany (0.9 tons)
4. Switzerland (0.4 tons)

Imports of Wood; Statuettes and Other Ornaments of Wood in Tanzania

For the third consecutive year, Tanzania recorded decline in supplies from abroad of wood; statuettes and other ornaments of wood, which decreased by -58.9% to 3.1 tons in 2022. In general, imports recorded a dramatic downturn. The smallest decline of -17.7% was in 2021.

In value terms, imports of wood; statuettes and other ornaments of wood fell significantly to $3.3K in 2022. Over the period under review, imports saw a precipitous curtailment. The smallest decline of -16.3% was in 2021.

Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Tanzania in 2022:

1. China (1185.0 kg)
2. Indonesia (1034.0 kg)
3. Kenya (366.0 kg)
4. Malawi (279.0 kg)
5. United Arab Emirates (155.0 kg)
6. South Africa (79.0 kg)

Source: IndexBox Market Intelligence Platform