Tanzania: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Tanzania

In 2022, the Tanzanian continuous-action elevators and conveyors market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports from Tanzania

In 2022, the amount of continuous-action elevators and conveyors exported from Tanzania reduced rapidly to X units, falling by X% on 2021. Overall, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, continuous-action elevators and conveyors exports reduced rapidly to $X in 2022. In general, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X units), Rwanda (X units) and Kenya (X units) were the main destinations of continuous-action elevators and conveyors exports from Tanzania, together accounting for X% of total exports. Democratic Republic of the Congo and Mozambique lagged somewhat behind, together accounting for 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 Democratic Republic of the Congo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X) emerged as the key foreign market for continuous-action elevators and conveyors exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with an X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Kenya (X% per year).

Export Prices by Country

The average continuous-action elevators and conveyors export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Mozambique ($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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Tanzania

In 2022, overseas purchases of continuous-action elevators and conveyors increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports skyrocketed to $X in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), France (X units) and the United States (X units) were the main suppliers of continuous-action elevators and conveyors imports to Tanzania, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Tanzania, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

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

Import Prices by Country

In 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. As a result, import price attained 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 China ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform