Tanzania: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Tanzania

The Tanzanian overhead travelling crane market rose sharply to $X in 2022, surging by 8% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Overhead travelling crane consumption peaked in 2022 and is expected to retain growth in the near future.

Overhead Travelling Crane Production in Tanzania

In value terms, overhead travelling crane production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Overhead Travelling Crane Exports

Exports from Tanzania

In 2022, the amount of overhead travelling cranes on fixed support exported from Tanzania soared to X units, jumping by 145% on 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 1,060% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, overhead travelling crane exports surged to $X in 2022. In general, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 855% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for overhead travelling crane exports from Tanzania, with a 82% share of total exports. Moreover, overhead travelling crane exports to Mozambique exceeded the volume sent to the second major destination, Uganda (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mozambique stood at +115.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-20.9% per year) and Rwanda (+41.4% per year).

In value terms, Mozambique ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from Tanzania, comprising 88% of total exports. The second position in the ranking was held by Uganda ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to +65.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-7.9% per year) and Rwanda (-33.8% per year).

Export Prices by Country

The average overhead travelling crane export price stood at $X per unit in 2022, picking up by 2.3% against the previous year. Over the period under review, the export price recorded resilient growth. The growth pace was the most rapid in 2017 when the average export price increased by 595% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Rwanda ($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 Uganda (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

Overhead Travelling Crane Imports

Imports into Tanzania

In 2022, supplies from abroad of overhead travelling cranes on fixed support increased by 124% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, overhead travelling crane imports soared to $X in 2022. In general, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest overhead travelling crane supplier to Tanzania, accounting for a 59% share of total imports. Moreover, overhead travelling crane imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Turkey (X units), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.8% per year) and Turkey (+30.2% per year).

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Tanzania, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with a 26% share of total imports. It was followed by Turkey, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.8% per year) and Turkey (+32.9% per year).

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, growing by 44% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, overhead travelling crane import price increased by +82.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform