Price for Electric Motors; of an Output Not Exceeding 37.5W in Tanzania - 2023
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania
Price for Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (CIF) - 2022
In 2022, the average import price for electric motors amounted to $13 per unit, dropping by -8.4% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 153% against the previous year. Over the period under review, average import prices hit record highs at $56 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($37 per unit), while the price for India ($5.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced a decline.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (FOB) - 2022
The average export price for electric motors stood at $47 per unit in 2022, surging by 26% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $89 per unit in 2018; however, from 2019 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 Uganda ($214 per unit), while the average price for exports to Comoros ($7 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 South Africa (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania
After three years of growth, overseas purchases of electric motors decreased by -2.5% to 73K units in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of 75K units, and then fell in the following year.
In value terms, imports of electric motors declined to $932K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 34%. Over the period under review, imports of attained the maximum at $1M in 2021, and then declined in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 177 | 392 | 307 | 15.7% |
| India | 70.7 | 144 | 121 | 80.6 | 4.5% |
| Oman | 0.2 | 0.1 | 114 | 54.5 | 548.3% |
| United Arab Emirates | 7.1 | 4.4 | 22.3 | 25.5 | 53.1% |
| Others | 344 | 506 | 394 | 464 | 10.5% |
| Total | 620 | 831 | 1,044 | 932 | 14.6% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Tanzania in 2022:
- China (52.6K units)
- India (14.1K units)
- Oman (2.0K units)
- United Arab Emirates (1.1K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania
In 2022, overseas shipments of electric motors decreased by -35.9% to 386 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 262%. The exports peaked at 602 units in 2021, and then contracted significantly in the following year.
In value terms, exports of electric motors reduced rapidly to $18K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 169% against the previous year. The exports peaked at $22K in 2021, and then reduced remarkably in the following year.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 1.3 | 6.9 | 8.7 | 6.1 | 67.4% |
| Netherlands | N/A | 0.2 | 0.2 | 4.5 | 374.3% |
| Mozambique | 4.8 | 9.4 | 7.0 | 1.8 | -27.9% |
| Democratic Republic of the Congo | N/A | 1.8 | 2.2 | 1.5 | -8.7% |
| United States | 0.4 | 1.3 | 1.7 | 1.3 | 48.1% |
| South Africa | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Comoros | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| France | N/A | 0.3 | 0.3 | 0.2 | -18.4% |
| Turkey | N/A | N/A | 0.7 | N/A | 0% |
| Others | 1.1 | 0.8 | 1.1 | 1.9 | 20.0% |
| Total | 7.8 | 21.1 | 22.3 | 18.1 | 32.4% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Tanzania in 2022:
- Rwanda (123.0 units)
- Comoros (48.0 units)
- Mozambique (41.0 units)
- Democratic Republic of the Congo (32.0 units)
- France (26.0 units)
- United States (26.0 units)
- Netherlands (25.0 units)
- South Africa (20.0 units)
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