Tanzania: Fibreboard Market 2024

Fibreboard Market Size in Tanzania

The Tanzanian fibreboard market fell to $X in 2022, waning by X% against the previous year. Overall, consumption saw a slight contraction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Fibreboard Production in Tanzania

In value terms, fibreboard production shrank to $X in 2022 estimated in export price. Overall, production showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Fibreboard Exports

Exports from Tanzania

In 2022, shipments abroad of fibreboard increased by X% to X cubic meters, rising for the third consecutive year after two years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, fibreboard exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kenya (X cubic meters) was the main destination for fibreboard exports from Tanzania, accounting for a X% share of total exports. Moreover, fibreboard exports to Kenya exceeded the volume sent to the second major destination, Rwanda (X cubic meters), fourfold. Democratic Republic of the Congo (X cubic meters) ranked third in terms of total exports with a X% share.

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

In value terms, Kenya ($X), Rwanda ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for fibreboard exported from Tanzania worldwide, with a combined X% share of total exports. Burundi lagged somewhat behind, accounting for a further X%.

In terms of the main countries of destination, Burundi, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fibreboard export price amounted to $X per cubic meter, jumping by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2019; however, from 2020 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 Rwanda ($X per cubic meter), while the average price for exports to Kenya ($X per cubic meter) 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 mixed trend patterns.

Fibreboard Imports

Imports into Tanzania

In 2022, imports of fibreboard into Tanzania declined to X cubic meters, falling by X% on 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at X cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, fibreboard imports rose to $X in 2022. In general, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Malawi (X cubic meters) constituted the largest supplier of fibreboard to Tanzania, accounting for a X% share of total imports. Moreover, fibreboard imports from Malawi exceeded the figures recorded by the second-largest supplier, Uganda (X cubic meters), twofold. The third position in this ranking was taken by China (X cubic meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Malawi stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and China (X% per year).

In value terms, Malawi ($X) constituted the largest supplier of fibreboard to Tanzania, comprising X% of total imports. The second position in the ranking was held by Uganda ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average fibreboard import price amounted to $X per cubic meter, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 South Africa ($X per cubic meter), while the price for Brazil ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform