Waxes; Artificial, Prepared Price in Tanzania - 2022

Waxes; Artificial, Prepared Price in Tanzania (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $1,215 per ton, waning by -37% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2021 an increase of 22%. The import price peaked at $2,455 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,542 per ton), while the price for Hong Kong SAR ($98 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Tanzania (FOB) - 2022

The average waxes; artificial, prepared export price stood at $1,574 per ton in 2022, declining by -5.7% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2014 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $7,278 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($1,727 per ton), while the average price for exports to Kenya totaled $1,543 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (-1.6%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in Tanzania

In 2022, approx. 927 tons of waxes; artificial, prepared were imported into Tanzania; increasing by 118% compared with the previous year's figure. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports surged to $1.1M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Waxes; Artificial, Prepared in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	397	288	308	680	19.6%
China	3.4	9.1	43.7	158	259.5%
Japan	11.3	19.4	34.7	88.2	98.4%
Spain	7.6	4.4	1.4	41.8	76.5%
Hong Kong SAR	0.1	0.4	1.5	36.4	614.0%
United Arab Emirates	56.4	40.2	20.0	29.2	-19.7%
France	28.3	31.9	33.2	N/A	8.3%
Others	119	121	378	92.6	-8.0%
Total	623	514	820	1,126	21.8%

Top Suppliers of Waxes; Artificial, Prepared to Tanzania in 2022:

Hong Kong SAR (372.9 tons)
China (217.6 tons)
India (201.7 tons)
Japan (80.3 tons)
Spain (21.8 tons)
United Arab Emirates (13.6 tons)

Waxes; Artificial, Prepared Exports in Tanzania

In 2022, exports of waxes; artificial, prepared from Tanzania skyrocketed to 32 tons, rising by 9,883% against the year before. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports soared to $50K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.