Speed Changer Price in Tanzania - 2022
Contents:
- Speed Changer Price in Tanzania (CIF) - 2022
- Speed Changer Price in Tanzania (FOB) - 2022
- Speed Changer Imports in Tanzania
- Speed Changer Exports in Tanzania
Speed Changer Price in Tanzania (CIF) - 2022
In 2022, the average speed changer import price amounted to $11,349 per ton, with an increase of 5.3% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure at $16,915 per ton in 2014; however, from 2015 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 ($53,005 per ton), while the price for Pakistan ($1,599 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Price in Tanzania (FOB) - 2022
The average speed changer export price stood at $10,838 per ton in 2022, growing by 9.1% against the previous year. Over the period under review, the export price enjoyed notable growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 109% against the previous year. As a result, the export price reached the peak level of $16,928 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($55,768 per ton), while the average price for exports to Ethiopia ($1,913 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.
Speed Changer Imports in Tanzania
In 2022, supplies from abroad of speed changers, industrial high-speed drives and gear decreased by -3.8% to 1.2K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, speed changer imports stood at $14M in 2022. The total import value increased at an average annual rate of +11.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Speed Changer in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,378 | 1,527 | 1,598 | 1,881 | 10.9% |
| South Africa | 1,088 | 1,937 | 1,545 | 1,541 | 12.3% |
| United States | 2,228 | 2,327 | 1,004 | 1,241 | -17.7% |
| Germany | 1,073 | 1,523 | 1,522 | 1,073 | 0.0% |
| India | 510 | 1,105 | 1,214 | 1,067 | 27.9% |
| United Arab Emirates | 723 | 1,029 | 266 | 581 | -7.0% |
| Turkey | 111 | 390 | 545 | 417 | 55.5% |
| Belgium | 328 | 465 | 538 | 395 | 6.4% |
| South Korea | 11.4 | 1,246 | 25.6 | 369 | 218.7% |
| Japan | 486 | 441 | 71.8 | 300 | -14.9% |
| Pakistan | 11.4 | 1.3 | 39.6 | 32.3 | 41.5% |
| Others | 2,159 | 2,204 | 5,451 | 5,110 | 33.3% |
| Total | 10,107 | 14,195 | 13,821 | 14,008 | 11.5% |
Top Suppliers of Speed Changer to Tanzania in 2022:
- China (667.0 tons)
- India (174.1 tons)
- South Africa (83.9 tons)
- Turkey (36.9 tons)
- United Arab Emirates (32.0 tons)
- United States (23.4 tons)
- Germany (22.9 tons)
- Belgium (20.9 tons)
- Pakistan (20.2 tons)
- Japan (17.7 tons)
- South Korea (14.1 tons)
Speed Changer Exports in Tanzania
Speed changer exports from Tanzania shrank significantly to 21 tons in 2022, dropping by -43.5% on the previous year. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 317% against the previous year.
In value terms, speed changer exports plummeted to $226K in 2022. Overall, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 328% against the previous year.
| Export of Speed Changer in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 317 | 2.2 | 127 | 108 | -30.2% |
| Ghana | 37.3 | 11.6 | 67.2 | 40.3 | 2.6% |
| South Africa | 10.2 | 5.5 | 97.6 | 26.0 | 36.6% |
| Ethiopia | 41.8 | 9.8 | 42.8 | 19.4 | -22.6% |
| Uganda | 11.0 | 0.3 | 1.1 | 3.1 | -34.4% |
| Others | 129 | 56.5 | 31.9 | 29.7 | -38.7% |
| Total | 546 | 85.8 | 367 | 226 | -25.5% |
Top Export Markets for Speed Changer from Tanzania in 2022:
- Ethiopia (10.1 tons)
- Zambia (4.2 tons)
- Ghana (2.3 tons)
- South Africa (2.1 tons)
- Uganda (0.8 tons)
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