Report Update: May 1, 2024

Tanzania - Safes, Strongboxes And Doors Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Safes and Strongboxes Price in Tanzania - 2022

Safes and Strongboxes Price in Tanzania (CIF) - 2022

In 2022, the average safes and strongboxes import price amounted to $1,537 per ton, reducing by -27.7% against the previous year. Overall, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $2,707 per ton in 2016; however, from 2017 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 ($5,570 per ton), while the price for China ($725 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Safes and Strongboxes Price in Tanzania (FOB) - 2022

The average safes and strongboxes export price stood at $690 per ton in 2022, dropping by -89.2% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 an increase of 112% against the previous year. As a result, the export price attained the peak level of $11,469 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($5,834 per ton), while the average price for exports to Comoros ($553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safes and Strongboxes Imports in Tanzania

In 2022, approx. 523 tons of safes, strongboxes and doors of base metal were imported into Tanzania; waning by -18.7% compared with the previous year. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. As a result, imports reached the peak of 643 tons, and then declined sharply in the following year.

In value terms, safes and strongboxes imports declined markedly to $803K in 2022. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, imports attained the peak of $1.4M, and then fell remarkably in the following year.

Import of Safes and Strongboxes in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	135	65.9	382	224	18.4%
China	133	99.3	213	163	7.0%
South Korea	17.3	29.7	207	101	80.1%
Thailand	73.9	94.2	75.6	79.2	2.3%
Bulgaria	32.8	52.7	78.9	62.6	24.0%
South Africa	173	54.7	106	46.5	-35.5%
Hong Kong SAR	23.3	20.9	0.5	34.3	13.8%
Malaysia	31.9	55.5	N/A	30.9	-1.1%
United Arab Emirates	115	146	154	7.4	-59.9%
United Kingdom	51.6	5.6	1.0	1.6	-68.6%
Others	119	28.7	150	51.7	-24.3%
Total	905	653	1,367	803	-3.9%

Top Suppliers of Safes and Strongboxes to Tanzania in 2022:

China (225.5 tons)
India (118.8 tons)
South Korea (72.6 tons)
Thailand (34.1 tons)
Bulgaria (17.1 tons)
Hong Kong SAR (14.3 tons)
Malaysia (11.9 tons)
South Africa (8.4 tons)
United Arab Emirates (2.6 tons)
United Kingdom (1.6 tons)

Safes and Strongboxes Exports in Tanzania

In 2022, approx. 36 tons of safes, strongboxes and doors of base metal were exported from Tanzania; increasing by 4,262% against the previous year's figure. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safes and strongboxes exports skyrocketed to $25K in 2022. Overall, exports saw a strong increase.

Export of Safes and Strongboxes in Tanzania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Comoros	N/A	N/A	N/A	17.5	0%
Ghana	0.1	N/A	N/A	3.3	220.8%
Burundi	4.8	33.8	N/A	N/A	604.2%
Others	16.1	1.7	5.2	4.0	-37.1%
Total	21.0	35.5	5.2	24.8	5.7%

Top Export Markets for Safes and Strongboxes from Tanzania in 2022:

Comoros (31.6 tons)
Ghana (3.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the safes and strongboxes market in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
Prodcom 25992170 - Base metal cash or deed boxes and the like

Country coverage:

Tanzania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Tanzania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023