Report Update: May 1, 2024

Tanzania - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights

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Price for Gearboxes and Speed Changers in Tanzania - 2022

Price for Gearboxes and Speed Changers in Tanzania (CIF) - 2022

The average gearboxes and speed changers import price stood at $11,027 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 35%. The import price peaked at $19,389 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($60,222 per ton), while the price for Brazil ($2,190 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Gearboxes and Speed Changers in Tanzania (FOB) - 2022

The average gearboxes and speed changers export price stood at $22,459 per ton in 2022, growing by 48% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2019 when the average export price increased by 527% against the previous year. Over the period under review, the average export prices attained the maximum at $34,794 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($45,956 per ton), while the average price for exports to Hong Kong SAR ($131 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 Ghana (+423.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers in Tanzania

Gearboxes and speed changers imports into Tanzania rose slightly to 845 tons in 2022, increasing by 3.9% compared with the previous year. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, gearboxes and speed changers imports expanded to $9.3M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Gearboxes and Speed Changers in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	702	1,141	923	1,654	33.1%
China	546	658	856	1,339	34.9%
India	367	834	832	1,103	44.3%
Germany	576	450	863	986	19.6%
United States	1,076	1,105	550	843	-7.8%
Belgium	204	376	462	830	59.6%
South Korea	7.1	1,241	19.9	818	386.6%
Turkey	62.0	294	429	183	43.4%
United Arab Emirates	657	947	245	114	-44.2%
Others	1,453	856	3,747	1,444	-0.2%
Total	5,651	7,902	8,926	9,314	18.1%

Top Suppliers of Gearboxes and Speed Changers to Tanzania in 2022:

China (435.2 tons)
India (179.6 tons)
South Africa (54.7 tons)
South Korea (31.3 tons)
Germany (26.7 tons)
Turkey (22.7 tons)
Belgium (22.5 tons)
United States (14.0 tons)
United Arab Emirates (6.1 tons)

Exports of Gearboxes and Speed Changers in Tanzania

In 2022, after two years of decline, there was significant growth in shipments abroad of gearboxes and speed changers, when their volume increased by 1,021% to 31 tons. Over the period under review, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers exports soared to $697K in 2022. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Gearboxes and Speed Changers in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	7.8	N/A	N/A	642	335.0%
Belgium	N/A	N/A	N/A	27.2	0%
Democratic Republic of the Congo	N/A	N/A	N/A	3.9	0%
South Africa	138	17.3	13.9	3.2	-71.5%
United States	36.6	26.3	24.2	1.5	-65.5%
Hong Kong SAR	N/A	N/A	N/A	0.1	0%
Zambia	237	N/A	N/A	N/A	0%
Burundi	N/A	7.7	N/A	N/A	0%
Others	10.5	5.9	4.0	19.4	22.7%
Total	430	57.2	42.1	697	17.5%

Top Export Markets for Gearboxes and Speed Changers from Tanzania in 2022:

Sweden (24.6 tons)
Democratic Republic of the Congo (4.6 tons)
Hong Kong SAR (0.8 tons)
Belgium (0.6 tons)
South Africa (0.1 tons)
United States (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for gearboxes and speed changers 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 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
Prodcom 28152434 - Gear boxes ..., worm gear boxes
Prodcom 28152440 - Other gear boxes
Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
Prodcom 28152473 - Ball or roller screws
Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023