Tanzania: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Tanzania

The Tanzanian non-numerically controlled sharpening machine market expanded remarkably to $X in 2022, growing by 8.6% against the previous year. Over the period under review, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Tanzania

In value terms, non-numerically controlled sharpening machine production expanded rapidly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 47% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Tanzania

After four years of growth, shipments abroad of non-numerically controlled sharpening machines for working metal decreased by -64.2% to X units in 2022. Over the period under review, exports, however, showed notable growth. The growth pace was the most rapid in 2020 when exports increased by 322% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, non-numerically controlled sharpening machine exports declined rapidly to $X in 2022. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 1,383% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Kenya (X units) was the main destination for non-numerically controlled sharpening machine exports from Tanzania, accounting for a 97% share of total exports. Moreover, non-numerically controlled sharpening machine exports to Kenya exceeded the volume sent to the second major destination, Rwanda (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya totaled +39.5%.

In value terms, Kenya ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Tanzania, comprising 100% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya amounted to +68.6%.

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, shrinking by -19.2% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 251% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Rwanda amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Tanzania

After two years of growth, overseas purchases of non-numerically controlled sharpening machines for working metal decreased by -23.9% to X units in 2022. Over the period under review, imports, however, posted a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of 148% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank rapidly in the following year.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 254% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to Tanzania, accounting for a 78% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), tenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+23.1% per year) and the United Arab Emirates (-1.8% per year).

In value terms, Sweden ($X), China ($X) and Poland ($X) appeared to be the largest non-numerically controlled sharpening machine suppliers to Tanzania, together accounting for 95% of total imports.

Poland, with a CAGR of +50.3%, saw 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 non-numerically controlled sharpening machine import price stood at $X per unit in 2022, growing by 56% against the previous year. In general, the import price showed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 116%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform