Tanzania: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Tanzania

The Tanzanian petroleum-engine cargo trucks market skyrocketed to $X in 2022, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Petroleum-Engine Cargo Trucks Exports

Exports from Tanzania

In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine exported from Tanzania shrank sharply to X units, dropping by X% against the year before. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, petroleum-engine cargo trucks exports declined remarkably to $X in 2022. Overall, exports faced a abrupt setback. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zambia (X units), Uganda (X units) and Democratic Republic of the Congo (X units) were the main destinations of petroleum-engine cargo trucks exports from Tanzania, together accounting for X% of total exports.

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

In value terms, the largest markets for petroleum-engine cargo trucks exported from Tanzania were Zambia ($X), Uganda ($X) and Democratic Republic of the Congo ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average petroleum-engine cargo trucks export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

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

Petroleum-Engine Cargo Trucks Imports

Imports into Tanzania

In 2022, purchases abroad of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the fifth consecutive year after four years of decline. Over the period under review, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, petroleum-engine cargo trucks imports soared to $X in 2022. In general, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of petroleum-engine cargo trucks to Tanzania, accounting for a X% share of total imports. Moreover, petroleum-engine cargo trucks imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Belgium (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of goods vehicles, with spark-ignition internal combustion piston engine to Tanzania, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by India, with an X% share.

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

Import Prices by Country

The average petroleum-engine cargo trucks import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 India ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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