Hardboard Price in Tanzania - 2021
Contents:
- Hardboard Price in Tanzania (CIF) - 2022
- Hardboard Price in Tanzania (FOB) - 2022
- Hardboard Imports in Tanzania
- Hardboard Exports in Tanzania
Hardboard Price in Tanzania (CIF) - 2022
In 2022, the average hardboard import price amounted to $441 per cubic meter, surging by 9.2% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard import price increased by +30.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 25%. Over the period under review, average import prices reached the peak figure at $583 per cubic meter in 2015; however, from 2016 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 China ($574 per cubic meter), while the price for South Africa ($118 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hardboard Price in Tanzania (FOB) - 2022
In 2022, the average hardboard export price amounted to $333 per cubic meter, with an increase of 45% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard export price increased by +71.0% against 2020 indices. Over the period under review, the average export prices reached the peak figure at $467 per cubic meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($380 per cubic meter), while the average price for exports to Democratic Republic of the Congo ($241 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-1.1%).
Hardboard Imports in Tanzania
In 2022, supplies from abroad of hardboard was finally on the rise to reach 4K cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt decrease. Imports peaked at 5.5K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, hardboard imports soared to $1.7M in 2022. In general, imports, however, showed a deep downturn. Over the period under review, imports attained the maximum at $2.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Hardboard in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 472 | 739 | 344 | 1,138 | 34.1% |
| Thailand | 154 | 142 | 9.0 | 298 | 24.6% |
| China | 114 | 58.9 | 31.1 | 285 | 35.7% |
| India | 162 | 290 | 97.5 | 14.0 | -55.8% |
| Brazil | 111 | 27.3 | 2.1 | 11.7 | -52.8% |
| Hong Kong SAR | 145 | 240 | 74.2 | N/A | -28.5% |
| Portugal | 66.0 | 117 | 39.1 | N/A | -23.0% |
| Others | 973 | 234 | 422 | 3.4 | -84.8% |
| Total | 2,198 | 1,848 | 1,019 | 1,750 | -7.3% |
Top Suppliers of Hardboard to Tanzania in 2022:
- Kenya (2439.0 cubic meters)
- Thailand (867.0 cubic meters)
- China (497.0 cubic meters)
- Brazil (95.0 cubic meters)
- India (48.0 cubic meters)
Hardboard Exports in Tanzania
In 2022, approx. 413 cubic meters of hardboard were exported from Tanzania; increasing by 3,342% on the previous year. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hardboard exports soared to $137K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hardboard in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 77.9 | 0% |
| Democratic Republic of the Congo | 0.1 | 0.4 | 2.7 | 42.9 | 654.2% |
| Burundi | N/A | N/A | N/A | 10.9 | 0% |
| Others | 0.8 | N/A | N/A | 5.6 | 91.3% |
| Total | 0.9 | 0.4 | 2.7 | 137 | 433.9% |
Top Export Markets for Hardboard from Tanzania in 2022:
- Kenya (205.0 cubic meters)
- Democratic Republic of the Congo (178.0 cubic meters)
- Burundi (29.0 cubic meters)
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