Tanzania: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Tanzania

The Tanzanian non-electric motor handtools market skyrocketed to $X in 2022, rising by 38% 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). Over the period under review, consumption continues to indicate significant growth. Non-electric motor handtools consumption peaked in 2022 and is likely to see steady growth in the near future.

Non-Electric Motor Handtools Exports

Exports from Tanzania

In 2022, overseas shipments of handtools, hydraulic or with a self-contained non-electric motor decreased by -81.1% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 322% against the previous year. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, non-electric motor handtools exports fell remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 649%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

Kenya (X units), Comoros (X units) and Uganda (X units) were the main destinations of non-electric motor handtools exports from Tanzania, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Comoros (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), Comoros ($X) and Zimbabwe ($X) constituted the largest markets for non-electric motor handtools exported from Tanzania worldwide, together accounting for 96% of total exports.

Comoros, with a CAGR of +624.8%, recorded the highest rates of growth with regard to 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

The average non-electric motor handtools export price stood at $X per unit in 2022, reducing by -26.2% against the previous year. Over the period under review, the export price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2021 an increase of 221% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Uganda ($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 Comoros (+407.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Motor Handtools Imports

Imports into Tanzania

In 2022, approx. X units of handtools, hydraulic or with a self-contained non-electric motor were imported into Tanzania; with an increase of 49% compared with 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 187% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric motor handtools imports fell to $X in 2022. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 100%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Tanzania, with a 86% share of total imports. It was followed by the UK (X units), with a 2.8% share of total imports. The third position in this ranking was taken by Turkey (X units), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +58.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+47.2% per year) and Turkey (+33.9% per year).

In value terms, China ($X) constituted the largest supplier of handtools, hydraulic or with a self-contained non-electric motor to Tanzania, comprising 49% of total imports. The second position in the ranking was held by the UK ($X), with an 8.8% share of total imports. It was followed by India, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+53.6% per year) and India (+14.1% per year).

Import Prices by Country

The average non-electric motor handtools import price stood at $X per unit in 2022, shrinking by -40.3% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 91% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform