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

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

For the fifth consecutive year, the Tanzanian market for plasticised mixed polyvinyl chloride in primary forms recorded growth in sales value, which increased by 30% to $X in 2022. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Tanzania

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -88% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2019 when exports increased by 1,276% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms contracted sharply to $X in 2022. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 576%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Tanzania, with a 99% share of total exports. It was followed by Kenya (X kg), with a 0.7% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo stood at -25.8%.

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Tanzania, comprising 99% of total exports. The second position in the ranking was held by Kenya ($X), with a 0.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at -24.0%.

Export Prices by Country

In 2022, the average export price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, which is down by -7.2% against the previous year. In general, the export price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2018 an increase of 341%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Democratic Republic of the Congo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+111.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Tanzania

In 2022, approx. X tons of plasticised mixed polyvinyl chloride in primary forms were imported into Tanzania; increasing by 18% against the previous year. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of 47%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms skyrocketed to $X in 2022. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Tanzania, with a combined 74% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +1,400.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Vietnam ($X) constituted the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Tanzania, with a combined 69% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +1,579.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 plasticised mixed polyvinyl chloride in primary forms increased by +66.2% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform