Cereals; Millet, Seed Price in Tanzania - 2022
Contents:
- Cereals; Millet, Seed Price in Tanzania (FOB) - 2022
- Cereals; Millet, Seed Price in Tanzania (CIF) - 2022
- Cereals; Millet, Seed Exports in Tanzania
- Cereals; Millet, Seed Imports in Tanzania
Cereals; Millet, Seed Price in Tanzania (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $96 per ton, waning by -28.4% against the previous year. Overall, the export price, however, showed moderate growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 93% against the previous year. The export price peaked at $187 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to +79.0% per year.
Cereals; Millet, Seed Price in Tanzania (CIF) - 2022
The average cereals; millet, seed import price stood at $564 per ton in 2022, stabilizing at the previous year. Overall, the import price posted measured growth. The pace of growth appeared the most rapid in 2017 an increase of 50% against the previous year. As a result, import price reached the peak level of $1,050 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 India ($1,194 per ton), while the price for Malawi stood at $549 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Exports in Tanzania
In 2022, overseas shipments of cereals; millet, seeds were finally on the rise to reach 1K tons after two years of decline. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, seed exports soared to $96K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Seed in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 1.9 | 1.8 | 1.2 | 96.0 | 269.7% |
| Others | 0.1 | N/A | 0.4 | N/A | 100.0% |
| Total | 2.0 | 1.8 | 1.6 | 96.0 | 263.4% |
Top Export Markets for Cereals; Millet, Seed from Tanzania in 2022:
- Kenya (1.0K tons)
Cereals; Millet, Seed Imports in Tanzania
In 2022, the amount of cereals; millet, seeds imported into Tanzania surged to 28 tons, rising by 1,349% on 2021 figures. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, seed imports skyrocketed to $16K in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Seed in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 0.2 | 0.3 | 0.4 | 14.9 | 320.8% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Uganda | 0.3 | 0.3 | 0.6 | N/A | 41.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.5 | 0.7 | 1.1 | 15.6 | 214.8% |
Top Suppliers of Cereals; Millet, Seed to Tanzania in 2022:
- Malawi (27.1 tons)
- India (0.6 tons)
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