Tanzania: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Tanzania

The Tanzanian remote control apparatus market soared to $X in 2022, increasing 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). In general, consumption enjoyed a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Remote Control Apparatus Exports

Exports from Tanzania

In 2022, after three years of decline, there was significant growth in shipments abroad of radio remote control apparatus, when their volume increased by X% to X units. In general, exports showed a remarkable increase. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, remote control apparatus exports surged to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mozambique (X units) was the main destination for remote control apparatus exports from Tanzania, accounting for a X% share of total exports. Moreover, remote control apparatus exports to Mozambique exceeded the volume sent to the second major destination, South Africa (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Mozambique totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, South Africa ($X) remains the key foreign market for radio remote control apparatus exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average remote control apparatus export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, remote control apparatus export price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Mozambique ($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 South Africa (X%), while the prices for the other major destinations experienced mixed trend patterns.

Remote Control Apparatus Imports

Imports into Tanzania

In 2022, approx. X units of radio remote control apparatus were imported into Tanzania; growing by X% compared with 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, remote control apparatus imports skyrocketed to $X in 2022. Over the period under review, imports saw prominent growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest remote control apparatus supplier to Tanzania, accounting for a X% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), the United States ($X) and the United Arab Emirates ($X) were the largest remote control apparatus suppliers to Tanzania, together accounting for X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average remote control apparatus import price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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