Tanzania: Static Converter Market 2024

Static Converter Market Size in Tanzania

The Tanzanian static converter market soared to $X in 2022, increasing 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, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. Static converter consumption peaked in 2022 and is expected to retain growth in years to come.

Static Converter Exports

Exports from Tanzania

For the third consecutive year, Tanzania recorded growth in shipments abroad of static converters, which increased by X% to X units in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, static converter exports expanded slightly to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X units) was the main destination for static converter exports from Tanzania, accounting for a X% share of total exports. Moreover, static converter exports to Kenya exceeded the volume sent to the second major destination, Zambia (X units), fourfold. The third position in this ranking was held by Burundi (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Burundi (X% per year).

In value terms, Kenya ($X), Burundi ($X) and Zambia ($X) appeared to be the largest markets for static converter exported from Tanzania worldwide, with a combined X% share of total exports.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average static converter export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price recorded a deep contraction. The growth pace was the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Tanzania

Static converter imports into Tanzania rose significantly to X units in 2022, surging by X% on 2021. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, static converter imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest static converter supplier to Tanzania, with a X% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was held by South Africa (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Africa (X% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Tanzania, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average static converter import price amounted to $X per unit, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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