Price for Tools, Hand; Other than Household Tools in Tanzania - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Tanzania (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in Tanzania (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Tanzania
- Exports of Tools, Hand; Other than Household Tools in Tanzania
Price for Tools, Hand; Other than Household Tools in Tanzania (CIF) - 2022
The average import price for tools, hand; other than household toolses stood at $5,457 per ton in 2022, increasing by 14% against the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2018 an increase of 63%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
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 ($10,502 per ton), while the price for Hong Kong SAR ($1,056 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Tools, Hand; Other than Household Tools in Tanzania (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $6,926 per ton in 2022, declining by -69.6% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 137% against the previous year. The export price peaked at $32,122 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Democratic Republic of the Congo ($9,996 per ton), while the average price for exports to Malawi ($1,462 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 Zambia (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools, Hand; Other than Household Tools in Tanzania
In 2022, after three years of growth, there was significant decline in overseas purchases of tools, hand; other than household toolses, when their volume decreased by -75.3% to 282 tons. In general, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped markedly in the following year.
In value terms, imports of tools, hand; other than household toolses fell sharply to $1.5M in 2022. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 9%.
| Import of Tools, Hand; Other than Household Tools in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,392 | 4,256 | 4,391 | 920 | -35.3% |
| India | 38.6 | 29.4 | 60.9 | 144 | 55.1% |
| South Africa | 116 | 59.0 | 189 | 135 | 5.2% |
| Turkey | 45.8 | 45.3 | 51.0 | 58.4 | 8.4% |
| United Arab Emirates | 403 | 177 | 517 | 35.3 | -55.6% |
| Taiwan (Chinese) | 5.7 | 259 | N/A | 34.8 | 82.8% |
| Hong Kong SAR | N/A | N/A | N/A | 4.7 | 0% |
| Others | 702 | 300 | 256 | 207 | -33.4% |
| Total | 4,703 | 5,126 | 5,464 | 1,539 | -31.1% |
Top Suppliers of Tools, Hand; Other than Household Tools to Tanzania in 2022:
- China (176.6 tons)
- India (34.0 tons)
- United Arab Emirates (18.0 tons)
- Turkey (14.4 tons)
- South Africa (12.9 tons)
- Taiwan (Chinese) (9.9 tons)
- Hong Kong SAR (4.4 tons)
Exports of Tools, Hand; Other than Household Tools in Tanzania
After two years of decline, shipments abroad of tools, hand; other than household toolses increased by 1,365% to 13 tons in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools, hand; other than household toolses skyrocketed to $92K in 2022. Over the period under review, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tools, Hand; Other than Household Tools in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 1.7 | N/A | N/A | 34.5 | 172.8% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 25.4 | 0% |
| Turkey | N/A | N/A | N/A | 16.4 | 0% |
| Burundi | 0.1 | 0.1 | N/A | 5.0 | 268.4% |
| Kenya | 33.3 | N/A | 0.5 | 5.0 | -46.8% |
| Zambia | 17.0 | N/A | 0.3 | 2.5 | -47.2% |
| Malawi | N/A | 0.3 | 0.2 | 0.7 | 52.8% |
| South Africa | 13.4 | 12.5 | 1.6 | 0.1 | -80.5% |
| Others | 10.9 | 31.5 | 18.0 | 2.2 | -41.3% |
| Total | 76.5 | 44.4 | 20.6 | 91.7 | 6.2% |
Top Export Markets for Tools, Hand; Other than Household Tools from Tanzania in 2022:
- Mozambique (4.5 tons)
- Democratic Republic of the Congo (2.5 tons)
- Turkey (1.8 tons)
- Burundi (1.1 tons)
- Kenya (1.1 tons)
- Malawi (0.5 tons)
- Zambia (0.4 tons)
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