Tanzania: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Tanzania

After five years of growth, the Tanzanian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -4.2% to $X in 2022. Overall, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.2% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then fell slightly in the following year.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Tanzania

In 2022, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -5.1% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 339%. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 210%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Tanzania, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +42.4%.

In value terms, India ($X) also remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Tanzania.

From 2012 to 2022, the average annual growth rate of value to India totaled +20.9%.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, picking up by 6.4% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +27.9% per year.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Tanzania

In 2022, after six years of growth, there was significant decline in supplies from abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms, when their volume decreased by -5.8% to X tons. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 29%. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 24% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), Oman (X tons) and India (X tons) were the main suppliers of imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Tanzania, together accounting for 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Tanzania, comprising 51% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +50.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.6% per year) and Taiwan (Chinese) (-11.3% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, growing by 2.3% against the previous year. Overall, the import price, however, recorded a abrupt decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform