Tanzania: Engine Generator Market 2024

Engine Generator Market Size in Tanzania

The Tanzanian engine generator market soared to $X in 2022, picking up by 29% 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). In general, consumption, however, showed a relatively flat trend pattern. Engine generator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Engine Generator Exports

Exports from Tanzania

In 2022, shipments abroad of generators for internal combustion engines decreased by -79.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 131% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, engine generator exports contracted rapidly to $X in 2022. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 120% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units), the United States (X units) and Belgium (X units) were the main destinations of engine generator exports from Tanzania, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +32.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), the United States ($X) and Belgium ($X) appeared to be the largest markets for engine generator exported from Tanzania worldwide, with a combined 87% share of total exports.

Belgium, with a CAGR of +26.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 engine generator export price amounted to $X per unit, reducing by -44% against the previous year. Over the period under review, the export price, however, recorded slight growth. The pace of growth was the most pronounced in 2020 an increase of 43%. The export price peaked at $X per unit in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per unit), while the average price for exports to Belgium ($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 Namibia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Engine Generator Imports

Imports into Tanzania

In 2022, the amount of generators for internal combustion engines imported into Tanzania shrank to X units, declining by -11.9% compared with 2021. In general, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 when imports increased by 117% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, engine generator imports surged to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 47%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Japan (X units) were the main suppliers of engine generator imports to Tanzania, with a combined 58% share of total imports. South Africa, India, Spain, Germany, the United States, Mexico, Hong Kong SAR, France, the United Arab Emirates and Mauritius lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +70.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Japan ($X) appeared to be the largest engine generator suppliers to Tanzania, with a combined 58% share of total imports. South Africa, India, Spain, Germany, the United States, Mexico, Hong Kong SAR, France, the United Arab Emirates and Mauritius lagged somewhat behind, together accounting for a further 35%.

Hong Kong SAR, with a CAGR of +85.0%, 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 engine generator import price stood at $X per unit in 2022, growing by 64% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, engine generator import price increased by +66.9% against 2019 indices. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mauritius ($X per unit) and Hong Kong SAR ($X per unit), while the price for Mexico ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform