Tanzania: Market for Equipment For Internal Combustion Engines 2024

Market Size for Equipment For Internal Combustion Engines in Tanzania

The Tanzanian internal combustion engine equipment market was estimated at $X in 2022, with an increase of 4.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Equipment For Internal Combustion Engines in Tanzania

In value terms, internal combustion engine equipment production totaled $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 40% against the previous year. Internal combustion engine equipment production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Equipment For Internal Combustion Engines

Exports from Tanzania

In 2022, after two years of growth, there was significant decline in shipments abroad of equipment for internal combustion engines, when their volume decreased by -84.5% to X units. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 with an increase of 379% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, internal combustion engine equipment exports contracted rapidly to $X in 2022. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2015 with an increase of 451% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for internal combustion engine equipment exports from Tanzania, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +33.0%.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +18.3%.

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, shrinking by -48.5% against the previous year. Overall, the export price, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 868% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +42.9% per year.

Imports of Equipment For Internal Combustion Engines

Imports into Tanzania

In 2022, supplies from abroad of equipment for internal combustion engines increased by 264% to X units, rising for the second year in a row after two years of decline. Overall, imports saw a prominent expansion. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, internal combustion engine equipment imports surged to $X in 2022. In general, imports continue to indicate a measured increase. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of internal combustion engine equipment to Tanzania, accounting for a 82% share of total imports. Moreover, internal combustion engine equipment imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. Turkey (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-4.1% per year) and Turkey (+56.7% per year).

In value terms, China ($X) constituted the largest supplier of equipment for internal combustion engines to Tanzania, comprising 82% of total imports. The second position in the ranking was taken by South Africa ($X), with a 4.7% share of total imports. It was followed by Turkey, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-10.5% per year) and Turkey (+43.8% per year).

Import Prices by Country

The average internal combustion engine equipment import price stood at $X per unit in 2022, reducing by -27.8% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 40%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and South Africa ($X per unit), while the price for Belgium ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jamaica (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform