Tanzania: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Tanzania

The Tanzanian cyanides and cyanide oxides market was estimated at $X in 2022, remaining stable 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, however, continues to indicate a temperate expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports from Tanzania

In 2022, approx. X tons of cyanides, cyanide oxides and complex cyanides were exported from Tanzania; declining by X% on 2021. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped remarkably in the following year.

In value terms, cyanides and cyanide oxides exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked 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), Burundi (X tons) and Zambia (X tons) were the main destinations of cyanides and cyanide oxides exports from Tanzania.

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

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for cyanides, cyanide oxides and complex cyanides exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Burundi ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average cyanides and cyanide oxides export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Burundi ($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 Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports into Tanzania

In 2022, supplies from abroad of cyanides, cyanide oxides and complex cyanides decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cyanides and cyanide oxides imports rose modestly to $X in 2022. Overall, imports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Australia (X tons) were the main suppliers of cyanides and cyanide oxides imports to Tanzania, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Australia ($X) were the largest cyanides and cyanide oxides suppliers to Tanzania, together comprising X% of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cyanides and cyanide oxides import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform