Price for Machines; Parts and Accessories, of Heading No. 8472 in Tanzania - 2023

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Tanzania (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Tanzania (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Tanzania
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Tanzania

Price for Machines; Parts and Accessories, of Heading No. 8472 in Tanzania (CIF) - 2022

The average import price for machines; parts and accessories, of heading no. 8472 stood at $52,816 per ton in 2022, waning by -38.4% against the previous year. Overall, the import price showed a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 75%. Over the period under review, average import prices reached the maximum at $117,138 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Korea ($173,336 per ton), while the price for China ($13,287 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Tanzania (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $1,744 per ton in 2022, reducing by -98.6% against the previous year. In general, the export price faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,124%. Over the period under review, the average export prices reached the maximum at $127,824 per ton in 2021, and then contracted notably in the following year.

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 the Netherlands ($45,231 per ton), while the average price for exports to Rwanda ($390 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 Democratic Republic of the Congo (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Tanzania

In 2022, after three years of growth, there was significant decline in overseas purchases of machines; parts and accessories, of heading no. 8472, when their volume decreased by -52.1% to 19 tons. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 168%. As a result, imports attained the peak of 39 tons, and then reduced markedly in the following year.

In value terms, imports of machines; parts and accessories, of heading no. 8472 contracted rapidly to $981K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 369% against the previous year. As a result, imports reached the peak of $3.3M, and then contracted notably in the following year.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Tanzania in 2022:

1. China (9.9 tons)
2. Germany (2.9 tons)
3. India (2.3 tons)
4. South Korea (1.1 tons)
5. Netherlands (0.6 tons)
6. Taiwan (Chinese) (0.3 tons)
7. United Arab Emirates (0.3 tons)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Tanzania

In 2022, approx. 5.7 tons of machines; parts and accessories, of heading no. 8472 were exported from Tanzania; growing by 7,585% compared with 2021. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; parts and accessories, of heading no. 8472 expanded slightly to $9.9K in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,466%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Tanzania in 2022:

1. Democratic Republic of the Congo (3.9 tons)
2. Rwanda (1.7 tons)
3. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform