Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania - 2022
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (FOB) - 2022
In 2022, the average export price for oil seeds; castor oil seeds, whether or not brokens amounted to $1,059 per ton, growing by 80% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($6,114 per ton), while the average price for exports to Kenya stood at $874 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+3.4%).
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (CIF) - 2022
The average import price for oil seeds; castor oil seeds, whether or not brokens stood at $11,535 per ton in 2022, growing by 56% against the previous year. Overall, the import price saw significant growth. The growth pace was the most rapid in 2015 when the average import price increased by 142% against the previous year. Over the period under review, average import prices attained the peak figure at $13,204 per ton in 2018; however, from 2019 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 China ($36,000 per ton), while the price for India ($11,042 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+92.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania
For the fourth consecutive year, Tanzania recorded growth in shipments abroad of oil seeds; castor oil seeds, whether or not brokens, which increased by 108% to 207 tons in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,139%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens skyrocketed to $219K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,026%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 174 | 0% |
| China | 0.1 | 0.4 | N/A | 44.6 | 664.0% |
| Thailand | 3.9 | 49.0 | 32.0 | N/A | 186.4% |
| Others | 0.4 | 0.2 | 26.6 | N/A | 715.5% |
| Total | 4.4 | 49.6 | 58.6 | 219 | 267.8% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from Tanzania in 2022:
- Kenya (199.3 tons)
- China (7.3 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania
In 2022, after three years of growth, there was significant decline in supplies from abroad of oil seeds; castor oil seeds, whether or not brokens, when their volume decreased by -84.8% to 157 kg. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 7,100%.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens shrank markedly to $1.8K in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 4,963% against the previous year.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.1 | 1.7 | 2.2 | 1.2 | 128.9% |
| India | N/A | 0.7 | 5.4 | 0.5 | -15.5% |
| United Kingdom | N/A | 1.6 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.1 | 4.0 | 7.6 | 1.8 | 162.1% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to Tanzania in 2022:
- United Arab Emirates (108.0 kg)
- India (48.0 kg)
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