Tanzania: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Tanzania

The Tanzanian wood-based panels market shrank modestly to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Wood-based panels consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Wood-Based Panels Production in Tanzania

In value terms, wood-based panels production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wood-Based Panels Exports

Exports from Tanzania

In 2022, approx. X cubic meters of wood-based panels were exported from Tanzania; jumping by X% against 2021 figures. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wood-based panels exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China (X cubic meters) was the main destination for wood-based panels exports from Tanzania, accounting for a X% share of total exports. Moreover, wood-based panels exports to China exceeded the volume sent to the second major destination, Kenya (X cubic meters), threefold. Rwanda (X cubic meters) ranked third in terms of total exports with a X% share.

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

In value terms, China ($X) emerged as the key foreign market for wood-based panels exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Kenya ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average wood-based panels export price stood at $X per cubic meter in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2016; however, from 2017 to 2022, the 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 India ($X per cubic meter), while the average price for exports to Malawi ($X per cubic meter) was amongst the lowest.

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

Wood-Based Panels Imports

Imports into Tanzania

In 2022, the amount of wood-based panels imported into Tanzania declined to X cubic meters, with a decrease of X% on the year before. In general, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X cubic meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wood-based panels imports contracted to $X in 2022. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malawi (X cubic meters) constituted the largest wood-based panels supplier to Tanzania, with a X% share of total imports. Moreover, wood-based panels imports from Malawi exceeded the figures recorded by the second-largest supplier, Uganda (X cubic meters), twofold. The third position in this ranking was held by China (X cubic meters), with a X% share.

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

In value terms, the largest wood-based panels suppliers to Tanzania were Malawi ($X), China ($X) and Uganda ($X), with a combined X% share of total imports.

Among the main suppliers, Malawi, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. The import price peaked at $X per cubic meter 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 South Africa ($X per cubic meter), while the price for Brazil ($X per cubic meter) 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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