Tanzania: Market for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2024

Market Size for Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Tanzania

The Tanzanian market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted resilient growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Tanzania

In value terms, production of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips totaled $X in 2022 estimated in export price. Overall, production posted buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports from Tanzania

In 2022, overseas shipments of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips decreased by X% to X kg for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips contracted remarkably to $X in 2022. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X kg) was the main destination for exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips from Tanzania, accounting for a X% share of total exports. Moreover, exports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Kenya exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), fourfold. The third position in this ranking was taken by Rwanda (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Rwanda (X% per year).

In value terms, Kenya ($X) emerged as the key foreign market for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Malawi (X% per year).

Export Prices by Country

The average export price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Burundi ($X 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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unmounted Tool Inserts, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports into Tanzania

In 2022, purchases abroad of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a tangible increase. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips soared to $X in 2022. Overall, imports, however, recorded a slight downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

India (X kg), China (X kg) and South Korea (X kg) were the main suppliers of imports of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Tanzania, with a combined X% share of total imports. Israel, Bermuda, South Africa, Pakistan, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bermuda (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips to Tanzania, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and China (X% per year).

Import Prices by Country

The average import price for unmounted tool inserts, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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