Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania - 2022

Contents:

  1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (FOB) - 2022
  2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (CIF) - 2022
  3. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania
  4. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $246 per ton, declining by -43.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $482 per ton in 2018; however, from 2019 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 Oman ($2,570 per ton), while the average price for exports to Democratic Republic of the Congo totaled $208 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $256 per ton in 2022, falling by -66.5% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $768 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($276 per ton), while the price for the UK totaled $250 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania

After two years of decline, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by 1,522% to 213 tons in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) skyrocketed to $52K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the CongoN/AN/AN/A43.60%
Oman0.4N/A0.18.8180.2%
Kenya24.44.04.3N/A-58.0%
Burundi2.30.50.4N/A-58.3%
Others1.70.30.9N/A-27.2%
Total28.84.95.752.522.2%

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Tanzania in 2022:

  1. Democratic Republic of the Congo (210.0 tons)
  2. Oman (3.4 tons)

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) imported into Tanzania fell remarkably to 129 kg, which is down by -98.9% on 2021. Overall, imports showed a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 5.2% against the previous year.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) shrank remarkably to $33 in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 4.5% against the previous year.

Import of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India10.78.26.8N/A-20.3%
United Arab Emirates1.70.61.4N/A-9.3%
United KingdomN/AN/AN/AN/A0%
OthersN/AN/A1.0N/A0%
Total12.48.89.2N/A-13.9%

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Tanzania in 2022:

  1. United Kingdom (100.0 kg)
  2. United Arab Emirates (29.0 kg)

Source: IndexBox Market Intelligence Platform

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