Tanzania: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Tanzania

The Tanzanian plastic ornamental articles market rose sharply 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). Overall, consumption recorded a mild expansion. Plastic ornamental articles consumption peaked in 2022 and is likely to see gradual growth in years to come.

Plastic Ornamental Articles Exports

Exports from Tanzania

After four years of growth, overseas shipments of statuettes and other ornamental articles of plastic decreased by X% to X tons in 2022. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, plastic ornamental articles exports fell notably to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Sweden (X kg) and Algeria (X kg) were the main destinations of plastic ornamental articles exports from Tanzania, together comprising X% of total exports. Germany, France, the UK, the United Arab Emirates, Singapore, Mozambique, South Africa, Ethiopia and Rwanda lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Algeria ($X) and Sweden ($X) constituted the largest markets for plastic ornamental articles exported from Tanzania worldwide, together comprising X% of total exports. Singapore, Germany, France, the United Arab Emirates, Ethiopia, South Africa, the UK, Mozambique and Rwanda lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Mozambique ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Tanzania

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported into Tanzania; increasing by X% compared with 2021. In general, imports enjoyed a modest expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, plastic ornamental articles imports reduced to $X in 2022. Over the period under review, imports enjoyed a perceptible increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of plastic ornamental articles to Tanzania, with a X% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

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: India (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Tanzania, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

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

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, import price indicated a mild expansion 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, plastic ornamental articles import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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