Tanzania: Roundwood Market 2024

Roundwood Market Size in Tanzania

The Tanzanian roundwood market fell slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Roundwood Production in Tanzania

In value terms, roundwood production declined modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed notable growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Roundwood production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Roundwood Exports

Exports from Tanzania

In 2022, overseas shipments of roundwood decreased by X% to X cubic meters for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X cubic meters in 2021, and then fell rapidly in the following year.

In value terms, roundwood exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Kenya (X cubic meters) was the main destination for roundwood exports from Tanzania, accounting for a X% share of total exports. Moreover, roundwood exports to Kenya exceeded the volume sent to the second major destination, China (X cubic meters), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Rwanda (X% per year).

In value terms, Kenya ($X), China ($X) and Rwanda ($X) appeared to be the largest markets for roundwood exported from Tanzania worldwide, together accounting for X% of total exports.

Rwanda, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average roundwood export price stood at $X per cubic meter in 2022, approximately reflecting the previous year. In general, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per cubic meter. From 2019 to 2022, the average export prices remained at a somewhat 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 China ($X per cubic meter), while the average price for exports to Kenya ($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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Roundwood Imports

Imports into Tanzania

In 2022, approx. X cubic meters of roundwood were imported into Tanzania; rising by X% against the previous year. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, roundwood imports surged to $X in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X cubic meters), Uganda (X cubic meters) and Japan (X cubic meters) were the main suppliers of roundwood imports to Tanzania, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average roundwood import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per cubic meter), while the price for Uganda ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform