Tanzania - Plastic Stoppers, Caps and Closures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPlastic Closure Price in Tanzania - 2022
Contents:
- Plastic Closure Price in Tanzania (CIF) - 2022
- Plastic Closure Price in Tanzania (FOB) - 2022
- Plastic Closure Imports in Tanzania
- Plastic Closure Exports in Tanzania
Plastic Closure Price in Tanzania (CIF) - 2022
The average plastic closure import price stood at $5,335 per ton in December 2021, picking up by 14% against the previous month. Over the period under review, import price indicated notable growth from January 2021 to December 2021: its price increased at an average monthly rate of +2.4% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, plastic closure import price increased by +39.3% against October 2021 indices. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 29% against the previous month. Over the period under review, average import prices reached the peak figure in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Germany ($8,721 per ton), while the price for the United Arab Emirates ($1,392 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 China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Closure Price in Tanzania (FOB) - 2022
The average plastic closure export price stood at $3,000 per ton in 2022, picking up by 8% against the previous year. Overall, the export price continues to indicate a measured increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 200% against the previous year. As a result, the export price attained the peak level of $3,112 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($3,366 per ton), while the average price for exports to India ($1,000 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 Somalia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Closure Imports in Tanzania
In 2022, purchases abroad of plastic stoppers, caps and closures increased by 1.3% to 1.7K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible downturn.
In value terms, plastic closure imports rose remarkably to $7.4M in 2022. The total import value increased at an average annual rate of +9.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Plastic Closure in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,081 | 1,404 | 1,286 | 2,175 | 26.2% |
| Kenya | 1,659 | 1,711 | 2,240 | 1,976 | 6.0% |
| South Africa | 973 | 747 | 1,331 | 840 | -4.8% |
| Germany | 143 | 266 | 256 | 527 | 54.5% |
| China | 217 | 424 | 242 | 484 | 30.7% |
| Egypt | 158 | 124 | 14.7 | 387 | 34.8% |
| Turkey | 198 | 101 | 347 | 345 | 20.3% |
| Uganda | 343 | 75.2 | 215 | 24.9 | -58.3% |
| United Arab Emirates | 268 | 310 | 398 | 19.8 | -58.0% |
| Others | 608 | 434 | 450 | 637 | 1.6% |
| Total | 5,648 | 5,596 | 6,781 | 7,414 | 9.5% |
Top Suppliers of Plastic Closure to Tanzania in 2022:
- India (503.8 tons)
- Kenya (401.4 tons)
- China (217.9 tons)
- Turkey (148.6 tons)
- South Africa (135.2 tons)
- Egypt (124.5 tons)
- Germany (72.8 tons)
- United Arab Emirates (11.6 tons)
- Uganda (9.8 tons)
Plastic Closure Exports in Tanzania
In 2022, plastic closure exports from Tanzania surged to 275 tons, picking up by 45% on the previous year's figure. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 113%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, plastic closure exports soared to $826K in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 147% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Plastic Closure in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | 73.0 | 118 | 324 | 110.7% |
| Rwanda | 22.5 | 31.9 | 227 | 137 | 82.6% |
| Kenya | N/A | 1.1 | 100 | 97.9 | 843.4% |
| Malawi | 18.2 | N/A | N/A | 78.2 | 62.6% |
| Democratic Republic of the Congo | N/A | 1.7 | 25.7 | 52.2 | 454.1% |
| Comoros | N/A | 6.8 | 4.9 | 37.5 | 134.8% |
| Kuwait | N/A | N/A | N/A | 25.6 | 0% |
| Uganda | N/A | N/A | 4.6 | 16.9 | 267.4% |
| Somalia | 244 | 99.1 | 12.6 | N/A | -77.3% |
| Others | 1.4 | 0.1 | 34.4 | 56.1 | 242.2% |
| Total | 286 | 214 | 528 | 826 | 42.4% |
Top Export Markets for Plastic Closure from Tanzania in 2022:
- Zambia (96.7 tons)
- Rwanda (46.5 tons)
- Kenya (33.5 tons)
- Malawi (23.7 tons)
- Democratic Republic of the Congo (20.2 tons)
- Comoros (18.0 tons)
- Uganda (7.8 tons)
- Kuwait (7.6 tons)
This report provides an in-depth analysis of the plastic closure 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 22221920 - Plastic caps and capsules for bottles
- Prodcom 22221930 - Plastic stoppers, lids, caps and other closures (excluding for bottles)
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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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