Non-Liquid Margarine Price in Tanzania - 2022
Contents:
- Non-Liquid Margarine Price in Tanzania (CIF) - 2022
- Non-Liquid Margarine Price in Tanzania (FOB) - 2022
- Non-Liquid Margarine Imports in Tanzania
- Non-Liquid Margarine Exports in Tanzania
Non-Liquid Margarine Price in Tanzania (CIF) - 2022
The average non-liquid margarine import price stood at $2,185 per ton in December 2021, growing by 4% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in October 2021 an increase of 51% month-to-month. As a result, import price reached the peak level of $2,241 per ton; afterwards, it flattened through to December 2021.
As there is only one major supplying country, the average price level is determined by prices for Kenya.
From January 2021 to December 2021, the rate of growth in terms of prices for Kenya amounted to +2.1% per month.
Non-Liquid Margarine Price in Tanzania (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,500 per ton, declining by -24.8% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 29%. The export price peaked at $2,238 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +50.0% per year.
Non-Liquid Margarine Imports in Tanzania
In 2022, non-liquid margarine imports into Tanzania contracted to 4.1K tons, waning by -13.2% on the previous year. Over the period under review, imports saw a abrupt decline. The smallest decline of -2.6% was in 2020.
In value terms, non-liquid margarine imports rose remarkably to $9.9M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Liquid Margarine in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 7.2 | 8.6 | 8.5 | 9.8 | 10.8% |
| Indonesia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Singapore | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 7.4 | 8.7 | 8.7 | 9.9 | 10.2% |
Top Suppliers of Non-Liquid Margarine to Tanzania in 2022:
- Kenya (3.7K tons)
- Indonesia (0.2K tons)
- Singapore (0.1K tons)
Non-Liquid Margarine Exports in Tanzania
Non-liquid margarine exports from Tanzania dropped remarkably to 2 kg in 2022, waning by -99.9% against 2021 figures. In general, exports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 657%.
In value terms, non-liquid margarine exports reduced rapidly to $3 in 2022. Overall, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 704%.
| Export of Non-Liquid Margarine in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | 0.3 | N/A | N/A | N/A | 0% |
| Kenya | 5.6 | N/A | 0.1 | N/A | -86.6% |
| Uganda | N/A | N/A | 0.4 | N/A | 0% |
| Rwanda | 28.8 | 0.6 | 4.6 | N/A | -60.0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Oman | 0.2 | N/A | 0.3 | N/A | 22.5% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 34.9 | 0.7 | 5.5 | N/A | -60.3% |
Top Export Markets for Non-Liquid Margarine from Tanzania in 2022:
- United Kingdom (2.0 kg)
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