Tanzania: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in Tanzania

The Tanzanian market for non-plasticised mixed polyvinyl chloride in primary forms surged to $X in 2022, increasing by 17% 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 a significant increase. Consumption of peaked in 2022 and is likely to continue growth in years to come.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Tanzania

In 2022, the amount of non-plasticised mixed polyvinyl chloride in primary forms exported from Tanzania stood at X tons, standing approx. at the previous year. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 237%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms stood at $X in 2022. Overall, exports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 209%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Burundi (X tons) was the main destination for exports of non-plasticised mixed polyvinyl chloride in primary forms from Tanzania, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Burundi was relatively modest.

From 2014 to 2022, the average annual rate of growth in terms of value to Burundi was relatively modest.

Export Prices by Country

The average export price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 45%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Burundi.

From 2014 to 2022, the rate of growth in terms of prices for India amounted to +50.4% per year.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Tanzania

In 2022, approx. X tons of non-plasticised mixed polyvinyl chloride in primary forms were imported into Tanzania; with an increase of 23% compared with 2021 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 353% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 405%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Tanzania, with a 87% share of total imports. Moreover, imports of non-plasticised mixed polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +108.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+16.1% per year) and Hong Kong SAR (+822.1% per year).

In value terms, China ($X) constituted the largest supplier of non-plasticised mixed polyvinyl chloride in primary forms to Tanzania, comprising 91% of total imports. The second position in the ranking was taken by South Korea ($X), with a 4.6% share of total imports. It was followed by Hong Kong SAR, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +92.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+26.2% per year) and Hong Kong SAR (+908.7% per year).

Import Prices by Country

The average import price for non-plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, shrinking by -5.5% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-plasticised mixed polyvinyl chloride in primary forms increased by +65.2% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform