Tanzania: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Tanzania

The Tanzanian market for aluminium plates, sheets and strip of thickness over X mm shrank to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Tanzania

In value terms, production of aluminium plates, sheets and strip of thickness over X mm fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Tanzania

In 2022, approx. X tons of aluminium plates, sheets and strip of thickness over X mm were exported from Tanzania; waning by X% against 2021 figures. In general, exports, however, posted temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm declined dramatically to $X in 2022. Over the period under review, exports, however, posted a prominent increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for exports of aluminium plates, sheets and strip of thickness over X mm from Tanzania, accounting for a X% share of total exports. Moreover, exports of aluminium plates, sheets and strip of thickness over X mm to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Kenya (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at X%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for aluminium plates, sheets and strip of thickness over X mm exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at X%.

Export Prices by Country

In 2022, the average export price for aluminium plates, sheets and strip of thickness over X mm amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a pronounced increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Kenya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%).

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Tanzania

In 2022, the amount of aluminium plates, sheets and strip of thickness over X mm imported into Tanzania soared to X tons, growing by X% compared with the year before. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm soared to $X in 2022. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest aluminium plate, sheet and strip of thickness over X mm supplier to Tanzania, accounting for a X% share of total imports. Moreover, imports of aluminium plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 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: India (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium plates, sheets and strip of thickness over X mm to Tanzania, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value 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).

Import Prices by Country

The average import price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($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