Tanzania: Sandstone Market 2024

Sandstone Market Size in Tanzania

The Tanzanian sandstone market expanded markedly to $X in 2022, surging by 7.1% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Sandstone Production in Tanzania

In value terms, sandstone production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +20.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 58%. Sandstone production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Sandstone Exports

Exports from Tanzania

In 2022, after two years of growth, there was decline in shipments abroad of sandstone, when their volume decreased by -2.8% to X tons. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 2,783% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted slightly in the following year.

In value terms, sandstone exports contracted slightly to $X in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 3,869% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for sandstone exports from Tanzania, accounting for a 98% share of total exports. It was followed by Uganda (X kg), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +55.2%.

In value terms, China ($X) remains the key foreign market for sandstone exports from Tanzania, comprising 89% of total exports. The second position in the ranking was held by Uganda ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +47.8%.

Export Prices by Country

In 2022, the average sandstone export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 143%. The export price peaked at $X per ton in 2017; however, from 2018 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 Uganda ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+86.6%).

Sandstone Imports

Imports into Tanzania

In 2022, the amount of sandstone imported into Tanzania reduced to X tons, shrinking by -13.3% against the previous year. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 79%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sandstone imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest sandstone supplier to Tanzania, accounting for a 36% share of total imports. Moreover, sandstone imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +6.0%.

In value terms, India ($X) constituted the largest supplier of sandstone to Tanzania, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India was relatively modest.

Import Prices by Country

In 2022, the average sandstone import price amounted to $X per ton, growing by 2.6% against the previous year. Overall, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 10%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-6.0%).

Source: IndexBox Platform