Tanzania: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Tanzania

In 2022, the Tanzanian market for pure polyvinyl chloride in primary forms increased by 24% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Tanzania

Exports of pure polyvinyl chloride in primary forms from Tanzania dropped to X tons in 2022, shrinking by -8.8% compared with 2021. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,388% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, exports of pure polyvinyl chloride in primary forms shrank significantly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,574% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Zambia (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Tanzania, with a 74% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Zambia exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Zambia totaled +72.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+64.1% per year) and Burundi (+21.3% per year).

In value terms, Zambia ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from Tanzania, comprising 84% of total exports. The second position in the ranking was taken by Burundi ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Zambia totaled +69.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+28.2% per year) and Democratic Republic of the Congo (+46.1% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, which is down by -53.2% against the previous year. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in 2021 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Burundi (+5.7%), while the prices for the other major destinations experienced a decline.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Tanzania

In 2022, the amount of pure polyvinyl chloride in primary forms imported into Tanzania skyrocketed to X tons, with an increase of 23% on the previous year. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of pure polyvinyl chloride in primary forms surged to $X in 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Tanzania, with a 56% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+13.1% per year) and Taiwan (Chinese) (+23.5% per year).

In value terms, China ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Tanzania, comprising 54% of total imports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.7% per year) and Taiwan (Chinese) (+27.8% per year).

Import Prices by Country

In 2022, the average import price for pure polyvinyl chloride in primary forms amounted to $X per ton, approximately equating the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price 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, import price for pure polyvinyl chloride in primary forms increased by +53.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 50%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 South Korea ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform