Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $63 per thousand units in 2022, surging by 7.5% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for millstones, grindstones, grinding wheels and the like; of natural stones increased by +15.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. The import price peaked at $90 per thousand units in 2019; however, from 2020 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 Turkey ($199 per thousand units), while the price for Kyrgyzstan ($41 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.8%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $4.2 per unit, rising by 45% against the previous year. Overall, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 293%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($4.8 per unit), while the average price for exports to Botswana stood at $2.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+13.9%).

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania

In 2022, purchases abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -34.2% to 1.6M units, falling for the second year in a row after two years of growth. Overall, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -39.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 74%. As a result, imports reached the peak of 2.7M units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones shrank remarkably to $103K in 2022. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 5.2% against the previous year. As a result, imports reached the peak of $147K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Tanzania in 2022:

1. China (1314.5K units)
2. Taiwan (Chinese) (98.5K units)
3. Turkey (89.5K units)
4. India (71.7K units)
5. Kyrgyzstan (36.9K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Tanzania

Exports of millstones, grindstones, grinding wheels and the like; of natural stones from Tanzania surged to 737 units in 2022, rising by 123% on 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 334% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones soared to $3.1K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Tanzania in 2022:

1. Democratic Republic of the Congo (553.0 units)
2. Botswana (184.0 units)

Source: IndexBox Market Intelligence Platform