Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania - 2022

Contents:

1. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania (CIF) - 2022
2. Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania (FOB) - 2022
3. Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania
4. Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania (CIF) - 2022

The average import price for cycles; parts, pedals and crank-gear, and parts thereoves stood at $1,614 per ton in 2022, shrinking by -19.2% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 35%. Over the period under review, average import prices attained the maximum at $1,998 per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,552 per ton), while the price for the United Arab Emirates ($210 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania (FOB) - 2022

In 2022, the average export price for cycles; parts, pedals and crank-gear, and parts thereoves amounted to $2,063 per ton, increasing by 5.6% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. The export price peaked at $14,299 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($9,548 per ton), while the average price for exports to Democratic Republic of the Congo stood at $1,860 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+15.6%).

Imports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania

In 2022, supplies from abroad of cycles; parts, pedals and crank-gear, and parts thereoves decreased by -26.5% to 937 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 1.1% against the previous year. As a result, imports attained the peak of 1.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cycles; parts, pedals and crank-gear, and parts thereoves dropped remarkably to $1.5M in 2022. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 8.3%. As a result, imports attained the peak of $2.5M, and then declined markedly in the following year.

Top Suppliers of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof to Tanzania in 2022:

1. India (643.5 tons)
2. China (223.2 tons)
3. United Arab Emirates (58.1 tons)

Exports of Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof in Tanzania

In 2022, after three years of growth, there was significant decline in overseas shipments of cycles; parts, pedals and crank-gear, and parts thereoves, when their volume decreased by -37% to 1.6 tons. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,964%.

In value terms, exports of cycles; parts, pedals and crank-gear, and parts thereoves reduced sharply to $3.4K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,623% against the previous year.

Top Export Markets for Cycles; Parts, Pedals and Crank-Gear, and Parts Thereof from Tanzania in 2022:

1. Democratic Republic of the Congo (1595.0 kg)
2. Malawi (42.0 kg)

Source: IndexBox Market Intelligence Platform