Tanzania's Aluminium Foil Market Report 2024 - Prices, Size, Forecast, and Companies

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In 2023, the Tanzanian aluminium foil market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption continues to indicate prominent growth. Aluminium foil consumption peaked in 2023 and is expected to retain growth in years to come.

In 2023, overseas shipments of aluminium foil increased by X% to X tons, rising for the fifth year in a row after five years of decline. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, aluminium foil exports soared to $X in 2023. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Rwanda (X tons) was the main destination for aluminium foil exports from Tanzania, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Rwanda stood at X%.

In value terms, Rwanda ($X) emerged as the key foreign market for aluminium foil exports from Tanzania.

From 2012 to 2023, the average annual growth rate of value to Rwanda stood at X%.

In 2023, the average aluminium foil export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2023, the rate of growth in terms of prices for Rwanda amounted to X% per year.

In 2023, purchases abroad of aluminium foil increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in years to come.

In value terms, aluminium foil imports expanded significantly to $X in 2023. Over the period under review, imports enjoyed a perceptible increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to see steady growth in the near future.

China (X tons), the United Arab Emirates (X tons) and Greece (X tons) were the main suppliers of aluminium foil imports to Tanzania, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium foil suppliers to Tanzania were Greece ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

The average aluminium foil import price stood at $X per ton in 2023, almost unchanged from the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the aluminium foil 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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