Tanzania: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Tanzania

The Tanzanian glass fibre fabrics market declined to $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a pronounced decline. Glass fibre fabrics consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Glass Fibre Fabrics Production in Tanzania

In value terms, glass fibre fabrics production fell to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by 38% against the previous year. Glass fibre fabrics production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Tanzania

After two years of growth, overseas shipments of glass fibre fabrics decreased by -17% to X kg in 2022. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 1,735% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, glass fibre fabrics exports reduced remarkably to $X in 2022. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 236% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burundi (X kg) was the main destination for glass fibre fabrics exports from Tanzania, accounting for a 98% share of total exports. It was followed by Zimbabwe (X kg), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Burundi amounted to -2.5%.

In value terms, Burundi ($X) remains the key foreign market for glass fibre fabrics exports from Tanzania, comprising 97% of total exports. The second position in the ranking was taken by Zimbabwe ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Burundi amounted to -9.0%.

Export Prices by Country

The average glass fibre fabrics export price stood at $X per ton in 2022, dropping by -4.5% against the previous year. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 99%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Burundi stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (-6.7%).

Glass Fibre Fabrics Imports

Imports into Tanzania

In 2022, approx. X tons of glass fibre fabrics were imported into Tanzania; with an increase of 15% compared with 2021. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 163% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, glass fibre fabrics imports surged to $X in 2022. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 265% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre fabrics to Tanzania, accounting for a 68% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+24.2% per year) and the United Arab Emirates (+34.2% per year).

In value terms, the largest glass fibre fabrics suppliers to Tanzania were China ($X), the Netherlands ($X) and the United Arab Emirates ($X), together comprising 75% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +38.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibre fabrics import price amounted to $X per ton, surging by 5.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39%. 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform