Tanzania: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Tanzania

The Tanzanian solid vulcanised rubber sheet market was estimated at $X in 2022, surging by 1.8% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Solid vulcanised rubber sheet consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Tanzania

In value terms, solid vulcanised rubber sheet production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -15.3% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 62% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Tanzania

In 2022, the amount of plates, sheets, strips for floor covering of solid vulcanised rubber exported from Tanzania amounted to X tons, leveling off at the previous year. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 736% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet exports declined significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 1,208% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X tons) was the main destination for solid vulcanised rubber sheet exports from Tanzania, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at +23.0%.

In value terms, Kenya ($X) emerged as the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Tanzania.

From 2012 to 2022, the average annual growth rate of value to Kenya totaled +22.1%.

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, falling by -70.4% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57% against the previous year. The export price peaked at $X per ton in 2021, and then dropped remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +15.2% per year.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Tanzania

In 2022, purchases abroad of plates, sheets, strips for floor covering of solid vulcanised rubber decreased by -50.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 126% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports contracted markedly to $X in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 86%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest solid vulcanised rubber sheet supplier to Tanzania, accounting for a 54% share of total imports. Moreover, solid vulcanised rubber sheet imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by South Africa (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.0% per year) and South Africa (+16.2% per year).

In value terms, the largest solid vulcanised rubber sheet suppliers to Tanzania were South Africa ($X), India ($X) and China ($X), together accounting for 83% of total imports.

India, with a CAGR of +21.3%, saw the highest rates of growth with regard to 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

The average solid vulcanised rubber sheet import price stood at $X per ton in 2022, waning by -31.3% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 an increase of 104% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform