Price for Cereal Groats and Meal; of Maize (Corn) in Tanzania - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Tanzania (FOB) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Tanzania (CIF) - 2022
- Exports of Cereal Groats and Meal; of Maize (Corn) in Tanzania
- Imports of Cereal Groats and Meal; of Maize (Corn) in Tanzania
Price for Cereal Groats and Meal; of Maize (Corn) in Tanzania (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $442 per ton, waning by -24.1% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 32%. Over the period under review, the average export prices attained the peak figure at $582 per ton in 2021, and then declined dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +6.6% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Tanzania (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $462 per ton in 2022, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual 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 Romania ($494 per ton), while the price for the United Arab Emirates ($197 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats and Meal; of Maize (Corn) in Tanzania
After two years of decline, overseas shipments of cereal groats and meal; of maize (corn)s increased by 10,196% to 2.4K tons in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of maize (corn)s surged to $1M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats and Meal; of Maize (Corn) in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | N/A | N/A | N/A | 1.0 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | N/A | N/A | N/A | 1.0 | 0% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Tanzania in 2022:
- Uganda (2.3K tons)
Imports of Cereal Groats and Meal; of Maize (Corn) in Tanzania
In 2022, approx. 197 tons of cereal groats and meal; of maize (corn)s were imported into Tanzania; which is down by -73.8% on the previous year. Over the period under review, imports continue to indicate a dramatic contraction. The smallest decline of -48.8% was in 2020.
In value terms, imports of cereal groats and meal; of maize (corn)s fell remarkably to $91K in 2022. Overall, imports faced a precipitous descent. The smallest decline of -46.1% was in 2020.
| Import of Cereal Groats and Meal; of Maize (Corn) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 875 | 529 | 223 | 67.7 | -57.4% |
| Romania | N/A | N/A | 56.6 | 21.2 | -62.5% |
| United Arab Emirates | N/A | N/A | N/A | 1.9 | 0% |
| India | 187 | N/A | 33.3 | N/A | -57.8% |
| Italy | 13.3 | 51.2 | N/A | N/A | 285.0% |
| Others | 2.1 | N/A | 0.1 | N/A | -78.2% |
| Total | 1,077 | 581 | 313 | 90.9 | -56.1% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Tanzania in 2022:
- Turkey (144.2 tons)
- Romania (43.0 tons)
- United Arab Emirates (9.4 tons)
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