Milled Rice Price in Tanzania - 2022
Contents:
- Milled Rice Price in Tanzania (FOB) - 2022
- Milled Rice Price in Tanzania (CIF) - 2022
- Milled Rice Exports in Tanzania
- Milled Rice Imports in Tanzania
Milled Rice Price in Tanzania (FOB) - 2022
In December 2021, the average milled rice export price amounted to $523 per ton, rising by 3.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2021 when the average export price increased by 46% month-to-month. As a result, the export price attained the peak level of $742 per ton. From April 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Rwanda ($601 per ton), while the average price for exports to Democratic Republic of the Congo ($252 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Milled Rice Price in Tanzania (CIF) - 2022
In 2022, the average milled rice import price amounted to $866 per ton, growing by 100% against the previous year. In general, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,686 per ton), while the price for the United States ($350 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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Exports in Tanzania
For the fourth year in a row, Tanzania recorded growth in overseas shipments of semi-milled or wholly milled (bleached) rice, which increased by 5.5% to 334K tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 299% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, milled rice exports rose significantly to $171M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 298% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Milled Rice in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 20.9 | 71.2 | 81.2 | 105 | 71.3% |
| Rwanda | 9.8 | 32.3 | 29.6 | 39.2 | 58.7% |
| Kenya | 0.2 | 25.6 | 38.5 | 24.2 | 394.6% |
| Others | 1.8 | 0.7 | 1.0 | 2.4 | 10.1% |
| Total | 32.6 | 130 | 150 | 171 | 73.8% |
Top Export Markets for Milled Rice from Tanzania in 2022:
- Uganda (234.0K tons)
- Rwanda (54.8K tons)
- Kenya (39.9K tons)
Milled Rice Imports in Tanzania
After three years of growth, overseas purchases of semi-milled or wholly milled (bleached) rice decreased by 99.9% to 13 tons in 2022. In general, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 1.8% against the previous year. As a result, imports attained the peak of 191K tons, and then plummeted in the following year.
In value terms, milled rice imports reduced notably to $11K in 2022. Over the period under review, imports showed a sharp contraction. The pace of growth was the most pronounced in 2021 when imports increased by 2.7%. As a result, imports attained the peak of $83M, and then contracted markedly in the following year.
| Import of Milled Rice in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 6.2 | 2.5 | 1.0 | N/A | -59.8% |
| Vietnam | 11.4 | 11.1 | 7.6 | N/A | -18.4% |
| United States | N/A | N/A | N/A | N/A | 0% |
| India | 6.9 | 14.1 | 25.5 | N/A | 92.2% |
| United Arab Emirates | 0.3 | 0.1 | 0.2 | N/A | -18.4% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 53.4 | 52.1 | 39.7 | N/A | -13.8% |
| Others | 0.1 | 0.4 | 8.6 | N/A | 827.4% |
| Total | 78.3 | 80.4 | 82.5 | N/A | 2.6% |
Top Suppliers of Milled Rice to Tanzania in 2022:
- United Arab Emirates (5.8 tons)
- India (4.2 tons)
- United States (2.0 tons)
- South Africa (0.6 tons)
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