Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania - 2022

Contents:

  1. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (FOB) - 2022
  2. Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (CIF) - 2022
  3. Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania
  4. Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (FOB) - 2022

The average export price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses stood at $1,053 per ton in 2022, remaining stable against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of 67% against the previous year. The export price peaked at $5,425 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -1.9% per year.

Price for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (CIF) - 2022

In 2022, the average import price for oils, essential; of orange (terpeneless or not), including concretes and absoluteses amounted to $22,800 per ton, surging by 188% against the previous year. In general, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2016 an increase of 212%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Mexico ($144,148 per ton), while the price for France amounted to $12,811 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+58.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania

In 2022, the amount of oils, essential; of orange (terpeneless or not), including concretes and absoluteses exported from Tanzania amounted to 32 tons, flattening at the year before. Over the period under review, exports recorded a sharp downturn. The smallest decline of 99.9% was in 2021.

In value terms, exports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses totaled $33K in 2022. In general, exports saw a precipitous decrease. The smallest decline of 99.9% was in 2021.

Export of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Rwanda64.3N/A32.2-29.2%
Others2.1N/A1.0-31.0%
Total66.4N/A33.2-29.3%

Top Export Markets for Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes from Tanzania in 2022:

  1. Rwanda (31.4 tons)

Imports of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania

In 2022, purchases abroad of oils, essential; of orange (terpeneless or not), including concretes and absoluteses decreased by -12.1% to 355 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 49%. As a result, imports attained the peak of 3.5 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of oils, essential; of orange (terpeneless or not), including concretes and absoluteses soared to $8.1K in 2022. Over the period under review, imports, however, saw a notable increase.

Import of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France4.75.21.34.2-3.7%
MexicoN/AN/AN/A3.90%
Spain0.8N/AN/AN/A0%
China0.10.5N/AN/A400.0%
Germany0.92.11.0N/A5.4%
India0.22.7N/AN/A1250.0%
United Arab Emirates0.51.50.6N/A9.5%
Others0.40.50.2N/A-29.3%
Total7.612.43.28.12.1%

Top Suppliers of Oils, Essential; of Orange (Terpeneless or Not), Including Concretes and Absolutes to Tanzania in 2022:

  1. France (328.0 kg)
  2. Mexico (27.0 kg)

Source: IndexBox Market Intelligence Platform

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