Tanzania: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in Tanzania

The Tanzanian gearboxes and speed changers market stood at $X in 2022, approximately reflecting 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). In general, consumption showed a pronounced slump. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from Tanzania

In 2022, overseas shipments of gearboxes and speed changers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, gearboxes and speed changers exports soared to $X in 2022. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for gearboxes and speed changers exports from Tanzania, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to Sweden exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), sevenfold. Hong Kong SAR (X kg) 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 Sweden amounted to 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 Hong Kong SAR (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for gearboxes and speed changers exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at 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 South Africa (X% per year).

Export Prices by Country

The average gearboxes and speed changers export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 South Africa ($X per ton), while the average price for exports to Hong Kong SAR ($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 Gearboxes and Speed Changers

Imports into Tanzania

For the third year in a row, Tanzania recorded growth in purchases abroad of gearboxes and speed changers, which increased by X% to X tons in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 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.

In value terms, gearboxes and speed changers imports rose slightly to $X in 2022. In general, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gearboxes and speed changers to Tanzania, with a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, South Africa ($X), China ($X) and India ($X) appeared to be the largest gearboxes and speed changers suppliers to Tanzania, together accounting for X% of total imports. Germany, the United States, Belgium, South Korea, Turkey and Brazil lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 gearboxes and speed changers import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Brazil ($X per ton) was 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 more modest paces of growth.

Source: IndexBox Platform