Tanzania: Amino-Resin Market 2024

Amino-Resin Market Size in Tanzania

In 2022, after three years of decline, there was significant growth in the Tanzanian amino-resin market, when its value increased by X% to $X. Overall, the total consumption indicated a moderate 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. Amino-resin consumption peaked in 2022 and is expected to retain growth in the immediate term.

Amino-Resin Exports

Exports from Tanzania

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Tanzania contracted dramatically to X tons, waning by X% on the previous year's figure. In general, exports faced a deep reduction. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, amino-resin exports shrank slightly to $X in 2022. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malawi (X tons) was the main destination for amino-resin exports from Tanzania, accounting for a X% share of total exports. Moreover, amino-resin exports to Malawi exceeded the volume sent to the second major destination, Zambia (X tons), fivefold. The third position in this ranking was taken by Kenya (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malawi totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Kenya (X% per year).

In value terms, Malawi ($X) remains the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

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

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Zambia (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Tanzania

In 2022, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, amino-resin imports surged to $X in 2022. Overall, total imports indicated a measured 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of amino-resin to Tanzania, accounting for a X% share of total imports. Moreover, amino-resin imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Tanzania, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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: India (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average amino-resin import price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform