Tanzania: Plastic Support Market 2024

Plastic Support Market Size in Tanzania

The Tanzanian plastic support market dropped to $X in 2022, falling by -9.6% against the previous year. In general, consumption recorded a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Support Production in Tanzania

In value terms, plastic support production contracted to $X in 2022 estimated in export price. Overall, production recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 45% against the previous year. Plastic support production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Support Exports

Exports from Tanzania

Plastic support exports from Tanzania soared to X tons in 2022, jumping by 45% on 2021. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 348% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, plastic support exports skyrocketed to $X in 2022. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 347%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Zambia (X tons) was the main destination for plastic support exports from Tanzania, with a 35% share of total exports. Moreover, plastic support exports to Zambia exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. The third position in this ranking was held by Kenya (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+9.3% per year) and Kenya (+81.8% per year).

In value terms, Zambia ($X) emerged as the key foreign market for spools, cops and similar supports of plastics exports from Tanzania, comprising 39% of total exports. The second position in the ranking was held by Rwanda ($X), with a 17% share of total exports. It was followed by Kenya, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+20.5% per year) and Kenya (+87.2% per year).

Export Prices by Country

The average plastic support export price stood at $X per ton in 2022, surging by 8% against the previous year. Over the period under review, the export price saw a tangible expansion. The growth pace was the most rapid in 2017 when the average export price increased by 200%. As a result, the export price reached the peak level of $X per ton. From 2018 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 Kuwait ($X per ton), while the average price for exports to India ($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 Somalia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Tanzania

In 2022, the amount of spools, cops and similar supports of plastics imported into Tanzania contracted to X tons, which is down by -12.8% against the previous year. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 340% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic support imports expanded slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 331%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kenya (X tons), India (X tons) and China (X tons) were the main suppliers of plastic support imports to Tanzania, together accounting for 71% of total imports. Turkey, South Africa, Egypt, Germany and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +65.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X), India ($X) and South Africa ($X) constituted the largest plastic support suppliers to Tanzania, with a combined 70% share of total imports. Germany, China, Egypt, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Germany, with a CAGR of +63.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic support import price amounted to $X per ton, increasing by 18% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support import price increased by +110.1% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($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 Africa (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform