Price for Flours and Meals; of Soya Beans in Tanzania - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Tanzania (FOB) - 2022
2. Price for Flours and Meals; of Soya Beans in Tanzania (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Tanzania
4. Imports of Flours and Meals; of Soya Beans in Tanzania

Price for Flours and Meals; of Soya Beans in Tanzania (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $472 per ton, reducing by -11.4% against the previous year. In general, the export price saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79%. Over the period under review, the average export prices attained the peak figure at $5,976 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($498 per ton), while the average price for exports to Kenya ($121 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 India (+13.5%), while the prices for the other major destinations experienced a decline.

Price for Flours and Meals; of Soya Beans in Tanzania (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $463 per ton in 2022, falling by -13.2% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of 8.5% against the previous year. As a result, import price attained the peak level of $755 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 India ($1,254 per ton), while the price for Zambia ($356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Flours and Meals; of Soya Beans in Tanzania

For the fourth consecutive year, Tanzania recorded growth in shipments abroad of flours and meals; of soya beanses, which increased by 37% to 3.5K tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 174%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of flours and meals; of soya beanses soared to $1.6M in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 271%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Flours and Meals; of Soya Beans from Tanzania in 2022:

1. China (1746.5 tons)
2. India (1486.5 tons)
3. Kenya (110.5 tons)
4. Oman (85.2 tons)

Imports of Flours and Meals; of Soya Beans in Tanzania

In 2022, approx. 331 tons of flours and meals; of soya beanses were imported into Tanzania; which is down by -77.4% against the year before. Over the period under review, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by 902%. As a result, imports attained the peak of 1.5K tons, and then fell notably in the following year.

In value terms, imports of flours and meals; of soya beanses dropped dramatically to $153K in 2022. In general, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 968%. As a result, imports reached the peak of $782K, and then dropped significantly in the following year.

Top Suppliers of Flours and Meals; of Soya Beans to Tanzania in 2022:

1. Malawi (178.0 tons)
2. Zambia (139.0 tons)
3. India (8.7 tons)

Source: IndexBox Market Intelligence Platform