Tanzania: Coniferous Roundwood Market 2024

Coniferous Roundwood Market Size in Tanzania

The Tanzanian coniferous roundwood market contracted to $X in 2022, dropping by -10.5% against the previous year. Over the period under review, consumption, however, recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Coniferous Roundwood Production in Tanzania

In value terms, coniferous roundwood production declined notably to $X in 2022 estimated in export price. In general, production recorded prominent growth. The growth pace was the most rapid in 2015 when the production volume increased by 109% against the previous year. Coniferous roundwood production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Coniferous Roundwood Exports

Exports from Tanzania

In 2022, coniferous roundwood exports from Tanzania skyrocketed to X cubic meters, growing by 430% against the year before. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 6,068%. As a result, the exports attained the peak of X cubic meters. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, coniferous roundwood exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,847%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Rwanda (X cubic meters) was the main destination for coniferous roundwood exports from Tanzania, accounting for a 58% share of total exports. Moreover, coniferous roundwood exports to Rwanda exceeded the volume sent to the second major destination, Zambia (X cubic meters), twofold. Kenya (X cubic meters) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Rwanda amounted to +4,737.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+153.9% per year) and Kenya (+40.7% per year).

In value terms, Rwanda ($X) emerged as the key foreign market for roundwood (coniferous) exports from Tanzania, comprising 73% of total exports. The second position in the ranking was taken by Zambia ($X), with a 21% share of total exports. It was followed by China, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda totaled +7,859.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+86.3% per year) and China (+258.4% per year).

Export Prices by Country

The average coniferous roundwood export price stood at $X per cubic meter in 2022, surging by 43% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 when the average export price increased by 127%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per cubic meter), while the average price for exports to Kenya ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+91.6%), while the prices for the other major destinations experienced mixed trend patterns.

Coniferous Roundwood Imports

Imports into Tanzania

In 2022, approx. X cubic meters of roundwood (coniferous) were imported into Tanzania; with an increase of 21% against 2021 figures. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 405%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, coniferous roundwood imports surged to $X in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 874%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X cubic meters) constituted the largest coniferous roundwood supplier to Tanzania, with a 85% share of total imports. Moreover, coniferous roundwood imports from South Africa exceeded the figures recorded by the second-largest supplier, Japan (X cubic meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at +43.0%.

In value terms, South Africa ($X) constituted the largest supplier of roundwood (coniferous) to Tanzania, comprising 80% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa totaled +40.5%.

Import Prices by Country

In 2022, the average coniferous roundwood import price amounted to $X per cubic meter, with an increase of 239% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per cubic meter), while the price for South Africa amounted to $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform