Tanzania - Linseed Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLinseed Oil Price in Tanzania - 2021
Contents:
- Linseed Oil Price in Tanzania (FOB) - 2022
- Linseed Oil Price in Tanzania (CIF) - 2022
- Linseed Oil Exports in Tanzania
- Linseed Oil Imports in Tanzania
Linseed Oil Price in Tanzania (FOB) - 2022
In 2022, the average linseed oil export price amounted to $4,834 per ton, rising by 6.4% against the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 176%. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($5,700 per ton), while the average price for exports to Spain ($4,037 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+80.1%), while the prices for the other major destinations experienced more modest paces of growth.
Linseed Oil Price in Tanzania (CIF) - 2022
The average linseed oil import price stood at $255 per ton in 2022, shrinking by -60.4% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of 243% against the previous year. Over the period under review, average import prices reached the peak figure at $955 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,596 per ton), while the price for Malaysia ($114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+76.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Linseed Oil Exports in Tanzania
Linseed oil exports from Tanzania soared to 155 tons in 2022, picking up by 40% compared with the previous year's figure. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 95% against the previous year.
In value terms, linseed oil exports surged to $749K in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 113% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Linseed Oil in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | N/A | N/A | N/A | 356 | 0% |
| Spain | N/A | N/A | 503 | 266 | -47.1% |
| Japan | N/A | N/A | N/A | 125 | 0% |
| United Arab Emirates | 351 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 236 | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 0.6 | 0.4 | 10.1% |
| Total | 351 | 236 | 503 | 749 | 28.7% |
Top Export Markets for Linseed Oil from Tanzania in 2022:
- Portugal (66.0 tons)
- Spain (66.0 tons)
- Japan (22.0 tons)
Linseed Oil Imports in Tanzania
In 2022, supplies from abroad of linseed oil decreased by -7.8% to 159 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 297%. As a result, imports reached the peak of 640 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, linseed oil imports contracted markedly to $41K in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by 328% against the previous year. As a result, imports attained the peak of $308K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Linseed Oil in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 6.4 | 17.7 | 4.7 | 14.3 | 30.7% |
| China | 1.0 | 1.9 | 1.4 | 8.9 | 107.2% |
| Singapore | 11.2 | 9.6 | 2.1 | 4.1 | -28.5% |
| Kenya | 0.5 | 36.7 | 22.8 | N/A | 575.3% |
| Indonesia | 30.0 | 206 | 64.7 | N/A | 46.9% |
| Ukraine | N/A | 10.7 | N/A | N/A | 0% |
| Others | 22.9 | 26.3 | 15.5 | 13.2 | -16.8% |
| Total | 72.0 | 308 | 111 | 40.5 | -17.5% |
Top Suppliers of Linseed Oil to Tanzania in 2022:
- Malaysia (125.4 tons)
- Singapore (25.6 tons)
- China (5.6 tons)
This report provides an in-depth analysis of the linseed oil 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.
Product coverage:
- FCL 334 - Oil of Linseed
Country coverage:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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