Price for Tractors; (Other than Tractors of Heading No 8709) in Tanzania - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Tanzania (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Tanzania (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Tanzania
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Tanzania
Price for Tractors; (Other than Tractors of Heading No 8709) in Tanzania (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $26,374 per unit in 2022, waning by -10.2% against the previous year. Over the period under review, the import price saw a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $43,586 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($65,588 per unit), while the price for the UK ($7,190 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Tanzania (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $141,550 per unit in 2022, growing by 11% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 108%. As a result, the export price attained the peak level of $162,484 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($334,241 per unit), while the average price for exports to Burundi ($4,357 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 China (+47.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Tanzania
Imports of tractors; (other than tractors of heading no 8709)s into Tanzania surged to 15K units in 2022, picking up by 144% compared with the previous year's figure. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s skyrocketed to $391M in 2022. Over the period under review, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 67.8 | 39.3 | 77.8 | 221 | 48.3% |
| India | 12.4 | 14.2 | 17.5 | 33.7 | 39.6% |
| United Kingdom | 35.8 | 32.1 | 25.7 | 29.6 | -6.1% |
| Sweden | 1.6 | 3.4 | 4.1 | 25.1 | 150.3% |
| Brazil | 0.4 | 0.3 | 7.4 | 15.9 | 241.3% |
| Germany | 12.2 | 6.6 | 7.1 | 11.5 | -2.0% |
| Netherlands | 11.3 | 4.3 | 20.5 | 6.9 | -15.2% |
| Others | 34.6 | 19.1 | 18.0 | 46.6 | 10.4% |
| Total | 176 | 119 | 178 | 391 | 30.5% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Tanzania in 2022:
- China (6.1K units)
- United Kingdom (4.1K units)
- India (2.0K units)
- Sweden (1.0K units)
- Brazil (0.4K units)
- Netherlands (0.2K units)
- Germany (0.2K units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Tanzania
In 2022, exports of tractors; (other than tractors of heading no 8709)s from Tanzania dropped notably to 65 units, reducing by -21.7% on the previous year's figure. Overall, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 89%. As a result, the exports attained the peak of 83 units, and then fell rapidly in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s shrank to $9.2M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 175%. As a result, the exports reached the peak of $11M, and then declined in the following year.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 845 | 2,110 | 1,565 | 5,489 | 86.6% |
| Democratic Republic of the Congo | 39.0 | 115 | 118 | 1,337 | 224.9% |
| Uganda | 1,758 | 136 | 7,358 | 1,033 | -16.2% |
| China | N/A | N/A | N/A | 648 | 0% |
| Kenya | 410 | 484 | 324 | 536 | 9.3% |
| Malawi | 205 | 238 | 606 | 44.0 | -40.1% |
| Comoros | 16.0 | 10.5 | N/A | 35.0 | 29.8% |
| Burundi | 11.0 | 20.1 | 192 | 4.4 | -26.3% |
| Mozambique | 51.6 | 513 | N/A | N/A | 894.2% |
| Rwanda | 983 | 186 | 84.5 | N/A | -70.7% |
| Others | 58.5 | 42.1 | 358 | 73.8 | 8.1% |
| Total | 4,376 | 3,854 | 10,605 | 9,201 | 28.1% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Tanzania in 2022:
- Zambia (37.0 units)
- Uganda (12.0 units)
- Kenya (6.0 units)
- Democratic Republic of the Congo (4.0 units)
- China (2.0 units)
- Malawi (1.0 units)
- Burundi (1.0 units)
- Comoros (1.0 units)
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