Tanzania: Borates And Perborates Market 2024

Borates And Perborates Market Size in Tanzania

The Tanzanian borates and perborates market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Borates And Perborates Production in Tanzania

In value terms, borates and perborates production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Borates And Perborates Exports

Exports from Tanzania

In 2022, approx. X tons of borates, peroxoborates (perborates) were exported from Tanzania; picking up by X% compared with the previous year. In general, exports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, borates and perborates exports declined rapidly to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for borates and perborates exports from Tanzania, with a X% share of total exports. Moreover, borates and perborates exports to Rwanda exceeded the volume sent to the second major destination, Zambia (X tons), fourfold. The third position in this ranking was held by Burundi (X kg), with a X% share.

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

In value terms, Rwanda ($X) emerged as the key foreign market for borates, peroxoborates (perborates) exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Burundi, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Burundi (X% per year).

Export Prices by Country

The average borates and perborates export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Borates And Perborates Imports

Imports into Tanzania

In 2022, approx. X tons of borates, peroxoborates (perborates) were imported into Tanzania; surging by X% against 2021 figures. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, borates and perborates imports soared to $X in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) was the main borates and perborates supplier to Tanzania, with a X% share of total imports. Moreover, borates and perborates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Kenya (X kg) 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 Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Kenya (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of borates, peroxoborates (perborates) to Tanzania, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Kenya (X% per year).

Import Prices by Country

In 2022, the average borates and perborates import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Kenya ($X per ton) and Turkey ($X per ton), while the price for China ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform