Styrene Price in Tanzania - 2022
Contents:
- Styrene Price in Tanzania (CIF) - 2022
- Styrene Price in Tanzania (FOB) - 2022
- Styrene Imports in Tanzania
- Styrene Exports in Tanzania
Styrene Price in Tanzania (CIF) - 2022
In 2022, the average styrene import price amounted to $1,837 per ton, shrinking by -33.2% against the previous year. Over the period under review, the import price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2015 an increase of 53%. Over the period under review, average import prices reached the peak figure at $2,750 per ton in 2021, and then fell remarkably in the following year.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +34.8% per year.
Styrene Price in Tanzania (FOB) - 2022
In 2021, the average styrene export price amounted to $3,602 per ton, picking up by 36% against the previous year. Overall, the export price showed a significant expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 117% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2012 to 2021, the rate of growth in terms of prices for Burundi amounted to +26.9% per year.
Styrene Imports in Tanzania
In 2022, overseas purchases of styrene increased by 17,757% to 15 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, styrene imports skyrocketed to $28K in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Styrene in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 0.1 | 27.6 | 27500.0% |
| United Arab Emirates | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 0.3 | 0.3 | 0.2 | 27.6 | 351.4% |
Top Suppliers of Styrene to Tanzania in 2022:
- South Africa (15.0 tons)
Styrene Exports in Tanzania
In 2021, the amount of styrene exported from Tanzania shrank to 241 kg, with a decrease of -13.9% on the previous year. Overall, exports showed a abrupt descent.
In value terms, styrene exports surged to $868 in 2021. The total export value increased at an average annual rate of +17.3% over the period from 2020 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Styrene in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Rwanda | N/A | 868 | 0% | ||
| Burundi | 740 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 740 | 868 | 17.3% | ||
Top Export Markets for Styrene from Tanzania in 2022:
- Rwanda (241.0 kg)
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