Price for Wood; Posts and Beams in Tanzania - 2022

Contents:

1. Price for Wood; Posts and Beams in Tanzania (CIF) - 2022
2. Price for Wood; Posts and Beams in Tanzania (FOB) - 2022
3. Imports of Wood; Posts and Beams in Tanzania
4. Exports of Wood; Posts and Beams in Tanzania

Price for Wood; Posts and Beams in Tanzania (CIF) - 2022

In 2022, the average wood; posts and beams import price amounted to $1,580 per ton, increasing by 19% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood; posts and beams import price decreased by -28.0% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 52%. Over the period under review, average import prices reached the maximum at $2,196 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($2,026 per ton), while the price for the UK ($109 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+4.7%), while the prices for the other major suppliers experienced a decline.

Price for Wood; Posts and Beams in Tanzania (FOB) - 2022

The average wood; posts and beams export price stood at $2,210 per ton in 2021, flattening at the previous year. In general, the export price recorded a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 87%. The export price peaked at $2,400 per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2013 to 2021, the rate of growth in terms of prices for Comoros amounted to +103.5% per year.

Imports of Wood; Posts and Beams in Tanzania

In 2022, approx. 113 tons of wood; posts and beamses were imported into Tanzania; with a decrease of -16% compared with 2021 figures. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 23%.

In value terms, wood; posts and beams imports contracted modestly to $179K in 2022. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 0.6%.

Top Suppliers of Wood; Posts and Beams to Tanzania in 2022:

1. Turkey (53.8 tons)
2. Austria (47.4 tons)
3. Kenya (8.1 tons)
4. United Kingdom (1.9 tons)

Exports of Wood; Posts and Beams in Tanzania

In 2021, the amount of wood; posts and beamses exported from Tanzania amounted to 16 tons, approximately equating 2020 figures. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of 99.9% was in 2020.

In value terms, wood; posts and beams exports totaled $36K in 2021. In general, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Top Export Markets for Wood; Posts and Beams from Tanzania in 2022:

1. Democratic Republic of the Congo (16.5 tons)

Source: IndexBox Market Intelligence Platform