Tanzania: Hand Stamp Market 2024

Hand Stamp Market Size in Tanzania

The Tanzanian hand stamp market soared to $X in 2022, rising by 182% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Hand Stamp Exports

Exports from Tanzania

In 2022, approx. X units of stamps for use in the hand were exported from Tanzania; growing by 118% against the previous year. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 992% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand stamp exports skyrocketed to $X in 2022. In general, exports showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 884%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for hand stamp exports from Tanzania, with a 39% share of total exports. Moreover, hand stamp exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Rwanda (X units), twofold. The third position in this ranking was taken by Zimbabwe (X units), with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +67.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+19.5% per year) and Zimbabwe (0.0% per year).

In value terms, the largest markets for hand stamp exported from Tanzania were the Netherlands ($X), Democratic Republic of the Congo ($X) and Kenya ($X), together accounting for 58% of total exports. Rwanda and Zimbabwe lagged somewhat behind, together accounting for a further 6.7%.

In terms of the main countries of destination, Rwanda, with a CAGR of +29.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, surging by 61% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 68% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Zimbabwe (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+388.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hand Stamp Imports

Imports into Tanzania

In 2022, approx. X units of stamps for use in the hand were imported into Tanzania; rising by 186% on the year before. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 974% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, hand stamp imports soared to $X in 2022. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 435% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand stamp to Tanzania, with a 54% share of total imports. Moreover, hand stamp imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Austria (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+57.5% per year) and Austria (+10.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of stamps for use in the hand to Tanzania, comprising 18% of total imports. The second position in the ranking was taken by China ($X), with a 5.9% share of total imports. It was followed by India, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.9% per year) and India (+46.7% per year).

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, falling by -3.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 138%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Kenya ($X per unit), while the price for Japan (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform