Price for Cereals; Maize (Corn), Seed in Tanzania - 2022
Contents:
- Price for Cereals; Maize (Corn), Seed in Tanzania (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Tanzania (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Tanzania
- Exports of Cereals; Maize (Corn), Seed in Tanzania
Price for Cereals; Maize (Corn), Seed in Tanzania (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $1,190 per ton in 2022, dropping by -6.4% against the previous year. Overall, the import price, however, recorded temperate growth. The growth pace was the most rapid in 2016 when the average import price increased by 372% against the previous year. The import price peaked at $1,618 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 South Africa ($1,430 per ton), while the price for Mozambique ($108 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zimbabwe (+26.7%), while the prices for the other major suppliers experienced a decline.
Price for Cereals; Maize (Corn), Seed in Tanzania (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $1,919 per ton in 2022, shrinking by -18.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $2,367 per ton in 2021, and then contracted dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($2,719 per ton), while the average price for exports to the Netherlands ($120 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 Burundi (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Cereals; Maize (Corn), Seed in Tanzania
In 2022, after two years of decline, there was significant growth in supplies from abroad of cereals; maize (corn), seeds, when their volume increased by 46% to 20K tons. Overall, imports, however, showed a deep reduction.
In value terms, cereals; maize (corn), seed imports surged to $24M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Cereals; Maize (Corn), Seed in Tanzania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 12.3 | 15.0 | 13.8 | 15.2 | 7.3% |
Malawi | N/A | N/A | N/A | 4.8 | 0% |
Zimbabwe | N/A | 1.3 | 1.3 | 1.7 | 14.4% |
South Africa | 2.7 | 1.7 | 1.1 | 1.6 | -16.0% |
Mozambique | N/A | N/A | N/A | 0.1 | 0% |
Uganda | 2.1 | 0.9 | N/A | N/A | -57.1% |
Others | 1.1 | 0.5 | 1.1 | 0.3 | -35.2% |
Total | 18.2 | 19.3 | 17.3 | 23.7 | 9.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to Tanzania in 2022:
- Zambia (12.3K tons)
- Malawi (4.3K tons)
- Zimbabwe (1.3K tons)
- South Africa (1.1K tons)
- Mozambique (0.5K tons)
Exports of Cereals; Maize (Corn), Seed in Tanzania
In 2022, shipments abroad of cereals; maize (corn), seeds increased by 1,371% to 9.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; maize (corn), seed exports surged to $17M in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Cereals; Maize (Corn), Seed in Tanzania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uganda | 0.2 | 0.9 | 0.8 | 12.3 | 294.7% |
Kenya | 2.8 | 0.1 | 0.6 | 4.6 | 18.0% |
Netherlands | N/A | N/A | N/A | 0.1 | 0% |
Oman | N/A | N/A | N/A | 0.1 | 0% |
France | N/A | N/A | N/A | 0.1 | 0% |
China | N/A | N/A | N/A | 0.1 | 0% |
Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
Germany | N/A | N/A | N/A | N/A | 0% |
Others | 0.1 | 0.5 | 0.1 | 0.2 | 26.0% |
Total | 3.2 | 1.5 | 1.5 | 17.5 | 76.2% |
Top Export Markets for Cereals; Maize (Corn), Seed from Tanzania in 2022:
- Uganda (4.5K tons)
- Kenya (2.2K tons)
- Netherlands (0.6K tons)
- Hong Kong SAR (0.5K tons)
- Germany (0.4K tons)
- Oman (0.3K tons)
- France (0.2K tons)
- China (0.2K tons)
This report provides an in-depth analysis of the maize market in Tanzania.
This report provides an in-depth analysis of the grain market in Tanzania.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Tanzania.
This report provides an in-depth analysis of the global maize market.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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