Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,326 per ton, with a decrease of -17.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 85%. As a result, import price reached the peak level of $1,751 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 South Africa ($11,387 per ton), while the price for the United Arab Emirates ($884 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,211 per ton in 2022, waning by -7.6% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 256%. As a result, the export price reached the peak level of $7,876 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($1,536 per ton), while the average price for exports to Democratic Republic of the Congo ($551 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 (+7.6%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) imported into Tanzania surged to 1.8K tons, jumping by 49% compared with the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 decreased by -0.1% against 2020 indices.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $2.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +63.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 42%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 825 | 1,487 | 1,129 | 1,651 | 26.0% |
| India | 153 | 151 | 435 | 124 | -6.8% |
| United Arab Emirates | 123 | 5.0 | 48.0 | 95.5 | -8.1% |
| Egypt | 20.1 | 20.1 | 23.7 | 67.8 | 50.0% |
| Others | 308 | 364 | 273 | 402 | 9.3% |
| Total | 1,429 | 2,027 | 1,909 | 2,340 | 17.9% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Tanzania in 2022:
- China (1532.2 tons)
- United Arab Emirates (108.1 tons)
- Egypt (44.3 tons)
- India (20.8 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from Tanzania contracted rapidly to 70 tons, with a decrease of -54.8% compared with 2021. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 63%. As a result, the exports attained the peak of 155 tons, and then dropped remarkably in the following year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) fell dramatically to $85K in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 101%. As a result, the exports reached the peak of $204K, and then contracted significantly in the following year.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 31.1 | 28.6 | 20.7 | 49.3 | 16.6% |
| Rwanda | 108 | 64.7 | 150 | 33.3 | -32.4% |
| Democratic Republic of the Congo | 1.0 | 0.2 | 1.4 | 2.2 | 30.1% |
| Kenya | 24.6 | N/A | 19.7 | N/A | -10.5% |
| Burundi | 0.3 | 7.1 | 8.7 | N/A | 438.5% |
| Netherlands | N/A | N/A | 3.1 | N/A | 0% |
| Others | N/A | 0.7 | N/A | 0.5 | -15.5% |
| Total | 165 | 101 | 204 | 85.2 | -19.8% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Tanzania in 2022:
- Rwanda (33.9 tons)
- Malawi (32.1 tons)
- Democratic Republic of the Congo (3.9 tons)
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