Tanzania: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Tanzania

The Tanzanian market for polyester tow and staple, not carded, combed or otherwise processed for spinning dropped to $X in 2022, shrinking by -11.3% against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Tanzania

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Production of peaked in 2022 and is likely to continue growth in years to come.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Tanzania

Exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Tanzania skyrocketed to X tons in 2022, picking up by 7,190% on the previous year's figure. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kenya (X tons), Bulgaria (X tons) and Spain (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Tanzania, with a combined 61% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +33,820.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyester tow and staple, not carded, combed or otherwise processed for spinning exported from Tanzania were Kenya ($X), Bulgaria ($X) and Spain ($X), together comprising 64% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +18,712.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, waning by -25.5% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2013 an increase of 52%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+57.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Tanzania

In 2022, the amount of polyester tow and staple, not carded, combed or otherwise processed for spinning imported into Tanzania contracted remarkably to X tons, reducing by -53.7% on 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 158%. Over the period under review, imports of reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined remarkably to $X in 2022. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 166% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Turkey (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Tanzania, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +9.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Tanzania, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and Turkey (-2.1% per year).

Import Prices by Country

In 2022, the average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning amounted to $X per ton, falling by -30.6% against the previous year. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform