Tanzania: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Tanzania

In 2022, the Tanzanian milling industry machinery market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt setback. Milling industry machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Milling Industry Machinery Exports

Exports from Tanzania

Milling industry machinery exports from Tanzania skyrocketed to X units in 2022, growing by X% on the previous year. In general, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X units), Democratic Republic of the Congo (X units) and Turkey (X units) were the main destinations of milling industry machinery exports from Tanzania. Moreover, milling industry machinery exports in Kenya exceeded the figures recorded by the second-largest exporter, Democratic Republic of the Congo, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) emerged as the key foreign market for milling industry machinery exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya 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 Turkey (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a deep downturn. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

Milling Industry Machinery Imports

Imports into Tanzania

In 2022, supplies from abroad of milling industry machinery decreased by X% to X units, falling for the third year in a row after three years of growth. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, milling industry machinery imports expanded sharply to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of milling industry machinery to Tanzania, accounting for a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Pakistan (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Turkey ($X) and Colombia ($X) appeared to be the largest milling industry machinery suppliers to Tanzania, with a combined X% share of total imports. India, Pakistan and Sweden lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average milling industry machinery import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price posted a moderate expansion. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 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 Turkey ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform