Tanzania - Alkyd Resins In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAlkyd Resins Price in Tanzania - 2022
Contents:
- Alkyd Resins Price in Tanzania (CIF) - 2022
- Alkyd Resins Price in Tanzania (FOB) - 2022
- Alkyd Resins Imports in Tanzania
- Alkyd Resins Exports in Tanzania
Alkyd Resins Price in Tanzania (CIF) - 2022
In December 2021, the average alkyd resins import price amounted to $1,848 per ton, with an increase of 20% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +5.0%. The pace of growth appeared the most rapid in February 2021 when the average import price increased by 24% against the previous month. Over the period under review, average import prices hit record highs in December 2021.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was the United Arab Emirates ($1,970 per ton), while the price for Egypt ($1,719 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Kenya (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkyd Resins Price in Tanzania (FOB) - 2022
In 2022, the average alkyd resins export price amounted to $2,278 per ton, growing by 4.8% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($2,573 per ton), while the average price for exports to the United Arab Emirates ($2,097 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 Malawi (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Alkyd Resins Imports in Tanzania
In 2022, approx. 2.7K tons of alkyd resins in primary forms were imported into Tanzania; picking up by 69% against the year before. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 211%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, alkyd resins imports soared to $4.1M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 181% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Alkyd Resins in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 419 | 1,717 | 1,612 | 1,721 | 60.1% |
Egypt | 10.9 | 103 | 554 | 1,120 | 368.4% |
Kenya | 0.6 | 82.2 | 208 | 586 | 892.2% |
China | 1.6 | 9.5 | 27.7 | 419 | 539.8% |
South Africa | 31.8 | 164 | 20.3 | 121 | 56.1% |
Saudi Arabia | 244 | N/A | N/A | N/A | 0% |
Others | 56.4 | 74.7 | 110 | 182 | 47.8% |
Total | 764 | 2,150 | 2,531 | 4,147 | 75.7% |
Top Suppliers of Alkyd Resins to Tanzania in 2022:
- China (910.3 tons)
- United Arab Emirates (868.6 tons)
- Egypt (461.2 tons)
- Kenya (288.8 tons)
- South Africa (62.2 tons)
Alkyd Resins Exports in Tanzania
After three years of growth, overseas shipments of alkyd resins in primary forms decreased by -28.7% to 28 tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. As a result, the exports reached the peak of 39 tons, and then declined notably in the following year.
In value terms, alkyd resins exports dropped significantly to $63K in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 125%.
Export of Alkyd Resins in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 24.8 | 0% |
Malawi | 1.0 | 13.4 | 9.0 | 19.9 | 171.0% |
Zambia | 18.0 | 41.0 | 15.0 | 18.6 | 1.1% |
Burundi | N/A | N/A | 60.7 | N/A | 0% |
Rwanda | 5.2 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 24.2 | 54.4 | 84.7 | 63.3 | 37.8% |
Top Export Markets for Alkyd Resins from Tanzania in 2022:
- United Arab Emirates (11.8 tons)
- Malawi (8.7 tons)
- Zambia (7.2 tons)
This report provides an in-depth analysis of the alkyd resins market in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20164050 - Alkyd resins, in primary forms
Country coverage:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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