Tanzania: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2024

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Tanzania

The Tanzanian electrical board and console market dropped notably to $X in 2022, waning by X% 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). Overall, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Tanzania

In 2022, shipments abroad of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v decreased by X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, electrical board and console exports dropped significantly to $X in 2022. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X units) and the UK (X units) were the main destinations of electrical board and console exports from Tanzania. Moreover, electrical board and console exports in Democratic Republic of the Congo exceeded the figures recorded by the second-largest exporter, the UK, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%).

In value terms, the UK ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for electrical board and console exported from Tanzania worldwide.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average electrical board and console export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 UK ($X per unit), while the average price for exports to Democratic Republic of the Congo stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Tanzania

Electrical board and console imports into Tanzania shrank rapidly to X units in 2022, declining by X% against the year before. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical board and console imports fell dramatically to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Spain (X units) were the main suppliers of electrical board and console imports to Tanzania, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical board and console suppliers to Tanzania were Spain ($X), China ($X) and India ($X), together comprising X% of total imports.

Spain, with a CAGR of X.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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 electrical board and console import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The import price peaked at $X per unit in 2016; however, from 2017 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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