Price for Waste, Parings and Scrap, of Plastics in Tanzania - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Tanzania (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Tanzania (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Tanzania
4. Imports of Waste, Parings and Scrap, of Plastics in Tanzania

Price for Waste, Parings and Scrap, of Plastics in Tanzania (FOB) - 2022

In December 2021, the average export price for waste, parings and scrap, of plasticses amounted to $773 per ton, growing by 36% against the previous month. Over the period under review, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in May 2021 an increase of 47% against the previous month. Over the period under review, the average export prices attained the peak figure in December 2021.

Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($1,661 per ton), while the average price for exports to the United States ($200 per ton) was amongst the lowest.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Tanzania (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $944 per ton in December 2021, almost unchanged from the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 an increase of 1,391% against the previous month. As a result, import price attained the peak level of $5,132 per ton. From October 2021 to December 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was China ($947 per ton), while the price for Hong Kong SAR stood at $885 per ton.

From February 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Oman (0.0%), while the prices for the other major suppliers experienced a decline.

Exports of Waste, Parings and Scrap, of Plastics in Tanzania

For the fourth consecutive year, Tanzania recorded growth in overseas shipments of waste, parings and scrap, of plasticses, which increased by 28% to 22K tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 138% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of waste, parings and scrap, of plasticses soared to $10M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Tanzania in 2022:

1. Turkey (7.6K tons)
2. Uganda (2.8K tons)
3. United Kingdom (2.3K tons)
4. China (1.9K tons)
5. South Africa (1.2K tons)
6. Vietnam (1.2K tons)
7. United States (1.1K tons)
8. Ukraine (0.5K tons)

Imports of Waste, Parings and Scrap, of Plastics in Tanzania

Imports of waste, parings and scrap, of plasticses into Tanzania reduced dramatically to 325 tons in 2022, with a decrease of -87.5% compared with the previous year. Overall, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 2.6K tons, and then contracted remarkably in the following year.

In value terms, imports of waste, parings and scrap, of plasticses shrank sharply to $332K in 2022. In general, imports showed a significant decrease. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $2.3M, and then declined markedly in the following year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Tanzania in 2022:

1. China (201.8 tons)
2. Hong Kong SAR (122.9 tons)

Source: IndexBox Market Intelligence Platform