Tanzania: Veneer Sheets Market 2025

Veneer Sheets Market Size in Tanzania

In 2022, the Tanzanian veneer sheets market decreased by -87.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, showed a remarkable increase. Veneer sheets consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Veneer Sheets Production in Tanzania

In value terms, veneer sheets production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by 340% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Veneer Sheets Exports

Exports from Tanzania

In 2022, approx. X cubic meters of veneer sheets were exported from Tanzania; surging by 338% against the previous year. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 578%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, veneer sheets exports surged to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 253% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X cubic meters) was the main destination for veneer sheets exports from Tanzania, accounting for a 90% share of total exports. It was followed by Hong Kong SAR (X cubic meters), with a 1.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and India (+15.6% per year).

In value terms, China ($X) emerged as the key foreign market for veneer sheets exports from Tanzania, comprising 91% of total exports. The second position in the ranking was taken by India ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +65.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.8% per year) and Hong Kong SAR (0.0% per year).

Export Prices by Country

The average veneer sheets export price stood at $X per cubic meter in 2022, declining by -57% against the previous year. Overall, the export price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 381% against the previous year. The export price peaked at $X per cubic meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Hong Kong SAR ($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 China (+0.5%).

Veneer Sheets Imports

Imports into Tanzania

After two years of growth, overseas purchases of veneer sheets decreased by -58.4% to X cubic meters in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 302%. As a result, imports attained the peak of X cubic meters, and then declined significantly in the following year.

In value terms, veneer sheets imports reduced markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 483%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, China (X cubic meters) constituted the largest veneer sheets supplier to Tanzania, with a 85% share of total imports. Moreover, veneer sheets imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X cubic meters), ninefold. India (X cubic meters) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+23.1% per year) and India (-16.4% per year).

In value terms, China ($X) constituted the largest supplier of veneer sheets to Tanzania, comprising 91% of total imports. The second position in the ranking was held by Pakistan ($X), with a 7.8% share of total imports. It was followed by the United Arab Emirates, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+36.0% per year) and the United Arab Emirates (-30.1% per year).

Import Prices by Country

The average veneer sheets import price stood at $X per cubic meter in 2022, declining by -12.9% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, veneer sheets import price increased by +26.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 77% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2018; however, from 2019 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 China ($X per cubic meter), while the price for South Africa ($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 China (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform