Price for Butter and Other Fats and Oils Derived from Milk in Tanzania - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Tanzania (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Tanzania (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Tanzania
- Exports of Butter and Other Fats and Oils Derived from Milk in Tanzania
Price for Butter and Other Fats and Oils Derived from Milk in Tanzania (CIF) - 2022
The average import price for butter and other fats and oils derived from milk stood at $2,189 per ton in 2022, surging by 36% against the previous year. In general, the import price, however, showed a abrupt decline. Over the period under review, average import prices attained the peak figure at $5,404 per ton in 2013; however, from 2014 to 2022, import prices stood 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 Uganda ($7,360 per ton), while the price for Indonesia ($161 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+2.3%), while the prices for the other major suppliers experienced a decline.
Price for Butter and Other Fats and Oils Derived from Milk in Tanzania (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $2,229 per ton, increasing by 16% against the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 48%. Over the period under review, the average export prices hit record highs at $5,490 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($4,333 per ton), while the average price for exports to Democratic Republic of the Congo ($529 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 Namibia (+55.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Tanzania
In 2022, approx. 670 tons of butter and other fats and oils derived from milk were imported into Tanzania; remaining stable against the previous year. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of 679 tons, and then dropped modestly in the following year.
In value terms, imports of butter and other fats and oils derived from milk skyrocketed to $1.5M in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Butter and Other Fats and Oils Derived from Milk in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 682 | 335 | 590 | 962 | 12.1% |
| Kenya | 121 | 82.3 | 134 | 242 | 26.0% |
| South Africa | 110 | 106 | 71.0 | 129 | 5.5% |
| Denmark | 22.7 | 13.7 | 42.4 | 50.1 | 30.2% |
| United Arab Emirates | 72.5 | 61.3 | 51.1 | 48.8 | -12.4% |
| New Zealand | 210 | 81.8 | 103 | 5.9 | -69.6% |
| Ireland | 6.4 | 5.5 | 4.7 | 4.6 | -10.4% |
| Indonesia | 9.4 | 7.4 | 5.2 | 2.9 | -32.4% |
| Jordan | N/A | N/A | 15.4 | N/A | 0% |
| Others | 55.9 | 65.5 | 77.0 | 21.7 | -27.1% |
| Total | 1,290 | 759 | 1,094 | 1,467 | 4.4% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Tanzania in 2022:
- United Arab Emirates (188.4 tons)
- Denmark (182.9 tons)
- Uganda (130.7 tons)
- Kenya (61.4 tons)
- South Africa (31.0 tons)
- Indonesia (18.1 tons)
- Ireland (18.0 tons)
- New Zealand (5.5 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Tanzania
In 2022, exports of butter and other fats and oils derived from milk from Tanzania skyrocketed to 2 tons, jumping by 51% on the previous year's figure. Overall, exports enjoyed a tangible increase. The pace of growth was the most pronounced in 2020 when exports increased by 80%. As a result, the exports reached the peak of 3.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of butter and other fats and oils derived from milk skyrocketed to $4.4K in 2022. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, the exports attained the peak of $6.3K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Butter and Other Fats and Oils Derived from Milk in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1,886 | 3,317 | 999 | 1,706 | -3.3% |
| Oman | 28.0 | 572 | 560 | 1,160 | 246.0% |
| Comoros | 1,004 | 667 | 216 | 846 | -5.5% |
| Burundi | 329 | 1,091 | 539 | 275 | -5.8% |
| Democratic Republic of the Congo | 39.0 | 79.0 | 27.0 | 54.0 | 11.5% |
| Others | 256 | 589 | 188 | 382 | 14.3% |
| Total | 3,542 | 6,315 | 2,529 | 4,423 | 7.7% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Tanzania in 2022:
- Oman (625.0 kg)
- Zambia (613.0 kg)
- Burundi (410.0 kg)
- Comoros (225.0 kg)
- Democratic Republic of the Congo (102.0 kg)
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This report provides an in-depth analysis of the butter and ghee market in Tanzania.
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This report provides an in-depth analysis of the ghee market in Tanzania.
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This report provides an in-depth analysis of the butter market in Tanzania.
127
This report provides an in-depth analysis of the dairy produce market in Tanzania.
155
This report provides an in-depth analysis of the market for butter and dairy spreads in Tanzania.
114
This report provides an in-depth analysis of the dairy spread market in Tanzania.
2101
This report provides an in-depth analysis of the global butter and ghee market.
2838
This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
7868
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
1032
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
