Report Update Nov 1, 2024

Tanzania - Salts of Acetic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Tanzania: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Tanzania

In 2022, the Tanzanian salts of acetic acid market increased by 169% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted significant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Exports of Salts Of Acetic Acid

Exports from Tanzania

After four years of growth, overseas shipments of salts of acetic acid decreased by -30.8% to X tons in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 163%. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, salts of acetic acid exports fell rapidly to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 94% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Malawi (X tons) was the main destination for salts of acetic acid exports from Tanzania, with a 99% share of total exports. It was followed by Democratic Republic of the Congo (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malawi stood at +35.2%.

In value terms, Malawi ($X) remains the key foreign market for salts of acetic acid exports from Tanzania, comprising 92% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with an 8.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malawi totaled +50.6%.

Export Prices by Country

The average salts of acetic acid export price stood at $X per ton in 2022, surging by 13% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 67%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Malawi totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+36.0%).

Imports of Salts Of Acetic Acid

Imports into Tanzania

In 2022, overseas purchases of salts of acetic acid increased by 106% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 5,756% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, salts of acetic acid imports surged to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 3,702%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main salts of acetic acid supplier to Tanzania, with a 93% share of total imports. Moreover, salts of acetic acid imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +48.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-4.3% per year) and India (+5.7% per year).

In value terms, China ($X) constituted the largest supplier of salts of acetic acid to Tanzania, comprising 95% of total imports. The second position in the ranking was held by South Africa ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +51.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-12.8% per year) and India (+3.8% per year).

Import Prices by Country

In 2022, the average salts of acetic acid import price amounted to $X per ton, surging by 56% against the previous year. Overall, the import price, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 75%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+117.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for salts of acetic acid in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143278 - Salts of acetic acid

Country coverage:

Tanzania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Tanzania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023