Tanzania: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Tanzania

The Tanzanian trailer and semi-trailer market surged to $X in 2022, growing by 49% 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 strong growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports from Tanzania

In 2022, overseas shipments of cargo trailers and semi-trailers increased by 61% to X units, rising for the third year in a row after two years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 273% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports amounted to $X in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Zambia (X units), Democratic Republic of the Congo (X units) and Rwanda (X units) were the main destinations of trailer and semi-trailer exports from Tanzania, with a combined 67% share of total exports. Kenya, South Sudan, Burundi and Uganda lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X) emerged as the key foreign market for cargo trailers and semi-trailers exports from Tanzania, comprising 44% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a 20% share of total exports. It was followed by Uganda, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+1.1% per year) and Uganda (+29.7% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, with a decrease of -36.8% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2013 an increase of 278% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then reduced markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to South Sudan ($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 Nigeria (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Tanzania

Trailer and semi-trailer imports into Tanzania soared to X units in 2022, increasing by 50% on 2021. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2018 when imports increased by 234%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, trailer and semi-trailer imports soared to $X in 2022. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 122%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of trailer and semi-trailer to Tanzania, with a 59% share of total imports. Moreover, trailer and semi-trailer imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by Kenya (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.0% per year) and Kenya (+23.5% per year).

In value terms, China ($X) constituted the largest supplier of cargo trailers and semi-trailers to Tanzania, comprising 68% of total imports. The second position in the ranking was taken by South Africa ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+20.4% per year) and Turkey (+8.4% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, reducing by -2.9% against the previous year. In general, the import price faced a abrupt decline. The growth pace was the most rapid in 2016 an increase of 32%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform