Castor Oil Seed Price in Tanzania - 2022
Contents:
- Castor Oil Seed Price in Tanzania (CIF) - 2022
- Castor Oil Seed Price in Tanzania (FOB) - 2022
- Castor Oil Seed Imports in Tanzania
- Castor Oil Seed Exports in Tanzania
Castor Oil Seed Price in Tanzania (CIF) - 2022
The average castor oil seed import price stood at $1,208 per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2019 an increase of 49% against the previous year. As a result, import price attained the peak level of $2,159 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($4,499 per ton), while the price for India ($958 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.2%).
Castor Oil Seed Price in Tanzania (FOB) - 2022
In 2022, the average castor oil seed export price amounted to $8,213 per ton, with a decrease of -25.1% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 157% against the previous year. As a result, the export price attained the peak level of $10,969 per ton, and then declined significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +13.5% per year.
Castor Oil Seed Imports in Tanzania
In 2022, imports of castor oil seed into Tanzania surged to 89 tons, rising by 163% on 2021 figures. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, castor oil seed imports soared to $108K in 2022. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Castor Oil Seed in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 54.9 | 28.8 | 30.3 | 76.5 | 11.7% |
| South Africa | 3.4 | 2.0 | 1.0 | 28.1 | 102.2% |
| United Arab Emirates | N/A | N/A | N/A | 2.5 | 0% |
| Others | 6.2 | 4.4 | 5.2 | 0.6 | -54.1% |
| Total | 64.5 | 35.2 | 36.4 | 108 | 18.7% |
Top Suppliers of Castor Oil Seed to Tanzania in 2022:
- India (79.9 tons)
- South Africa (6.2 tons)
- United Arab Emirates (2.0 tons)
Castor Oil Seed Exports in Tanzania
In 2022, shipments abroad of castor oil seed was finally on the rise to reach 1 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a significant curtailment.
In value terms, castor oil seed exports surged to $8.5K in 2022. Overall, exports, however, continue to indicate a precipitous descent.
| Export of Castor Oil Seed in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 2.8 | 2.7 | 8.5 | 74.2% |
| Thailand | 59.6 | N/A | N/A | N/A | 0% |
| Burundi | N/A | 0.9 | N/A | N/A | 0% |
| Democratic Republic of the Congo | 3.2 | 1.9 | 1.6 | N/A | -29.3% |
| Sudan | 11.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 74.4 | 5.7 | 4.3 | 8.5 | -51.5% |
Top Export Markets for Castor Oil Seed from Tanzania in 2022:
- United States (1.0 tons)
151
This report provides an in-depth analysis of the linseed oil market in Tanzania.
553
This report provides an in-depth analysis of the maize oil market in Tanzania.
793
This report provides an in-depth analysis of the sesame oil market in Tanzania.
117
This report provides an in-depth analysis of the crude maize oil market in Tanzania.
40
This report provides an in-depth analysis of the refined maize oil market in Tanzania.
2148
Global Castor Oil Seed Market Report 2019. This report provides an in-depth analysis of the global castor oil seed market.
4039
This report provides an in-depth analysis of the global linseed oil market.
1365
This report provides an in-depth analysis of the global maize oil market.
1979
This report provides an in-depth analysis of the global sesame oil market.
1039
This report provides an in-depth analysis of the global crude maize oil market.
3873
Global castor oil seed consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
9892
In 2015, the country with the largest volume of the castor oil seed output was India (X thousand tons), accounting for X% of global production.
1632
Despite a rocky 2014, Paraguay continued its dominance in the global castor oil seed trade. In 2014, Paraguay exported X tons of castor oil seed totaling X thousand USD, X% under the previous year. Its only trading partner was Brazil, where
2222
Global linseed oil consumption amounted to X thousand tons in 2015, shrinking by -X% against the previous year level.
3388
In 2015, the countries with the highest levels of linseed oil production were China (X thousand tons), Belgium (X thousand tons), the United States (X thousand tons), together accounting for X% of total output.
1833
Belgium continued its dominance in the global linseed oil trade. In 2014, Belgium exported X thousand tons of linseed oil totaling X million USD, X% under the previous year. Its primary trading partner was Germany, where it supplied X% of its to
1520
Global maize oil consumption amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1451
In 2015, the country with the largest volume of the maize oil output was the United States (X thousand tons), accounting for X% of global production.
1737
The maize oil market reached X million USD, rising with an annual increase of X%.
1413
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
