Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (FOB) - 2022
In December 2021, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,048 per ton, declining by -12% against the previous month. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in October 2021 when the average export price increased by 1.5% m-o-m. As a result, the export price reached the peak level of $5,121 per ton. From November 2021 to December 2021, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From September 2021 to December 2021, the rate of growth in terms of prices for Spain amounted to -7.1% per month.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $16,403 per ton, jumping by 314% against the previous year. In general, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($16,765 per ton), while the price for South Africa totaled $15,838 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from Tanzania soared to 154 tons, jumping by 40% compared with the previous year. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 96%.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $748K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 113%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | N/A | N/A | N/A | 356 | 0% |
| Spain | N/A | N/A | 503 | 266 | -47.1% |
| Japan | N/A | N/A | N/A | 125 | 0% |
| United Arab Emirates | 351 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | 236 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 351 | 236 | 503 | 748 | 28.7% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Tanzania in 2022:
- Portugal (66.0 tons)
- Spain (66.0 tons)
- Japan (22.0 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds imported into Tanzania fell markedly to 742 kg, shrinking by -73.3% on 2021. Over the period under review, imports saw a sharp decline. The smallest decline of -0.1% was in 2020.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reached $12K in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | N/A | 7.6 | 0% |
| South Africa | 1.8 | 1.9 | 2.0 | 4.6 | 36.7% |
| Belgium | 7.1 | 7.8 | 8.3 | N/A | 8.1% |
| China | 0.2 | 0.3 | 0.5 | N/A | 58.1% |
| India | 0.5 | 0.2 | 0.1 | N/A | -55.3% |
| United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.6 | 10.3 | 11.0 | 12.2 | 8.3% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Tanzania in 2022:
- United Kingdom (452.0 kg)
- South Africa (290.0 kg)
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