Tanzania: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Tanzania

In 2022, the Tanzanian pressure-reducing iron valve market decreased by -11.9% to $X, falling for the second consecutive year after four years of growth. In general, consumption saw a mild decrease. Pressure-reducing iron valve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Tanzania

In 2022, the amount of pressure-reducing, control, check and safety valves exported from Tanzania soared to X units, rising by 169% on the previous year's figure. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,716%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 1,604%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Zimbabwe (X units) was the main destination for pressure-reducing iron valve exports from Tanzania, with a 95% share of total exports. It was followed by China (X units), with a 1.9% share of total exports. The third position in this ranking was taken by the Netherlands (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and the Netherlands (-50.7% per year).

In value terms, Zimbabwe ($X) emerged as the key foreign market for pressure-reducing, control, check and safety valves exports from Tanzania, comprising 69% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 1.8% share of total exports. It was followed by South Africa, with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-60.0% per year) and South Africa (-23.9% per year).

Export Prices by Country

In 2022, the average pressure-reducing iron valve export price amounted to $X per unit, waning by -55.2% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 115% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to China ($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 (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Pressure-Reducing Iron Valve Imports

Imports into Tanzania

In 2022, overseas purchases of pressure-reducing, control, check and safety valves decreased by -7.4% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2018 when imports increased by 100%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports contracted to $X in 2022. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and Thailand (X units) were the main suppliers of pressure-reducing iron valve imports to Tanzania, together accounting for 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +22,128.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Tanzania were India ($X), China ($X) and Germany ($X), with a combined 50% share of total imports. The UK, Thailand, Turkey, South Africa, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

Thailand, with a CAGR of +6,801.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pressure-reducing iron valve import price amounted to $X per unit, reducing by -7.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 25% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform