Tanzania: Peanut Butter Market 2024

Peanut Butter Market Size in Tanzania

The Tanzanian peanut butter market expanded significantly to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Peanut Butter Production in Tanzania

In value terms, peanut butter production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Peanut Butter Exports

Exports from Tanzania

In 2022, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by X% to X tons, falling for the second year in a row after seven years of growth. Overall, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports shrank notably to $X in 2022. Over the period under review, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Kenya (X tons) was the main destination for peanut butter exports from Tanzania, with a X% share of total exports. It was followed by Democratic Republic of the Congo (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kenya amounted to X%.

In value terms, Kenya ($X) emerged as the key foreign market for peanut butter and prepared or preserved groundnuts exports from Tanzania, comprising X% of total exports. The second position in the ranking was taken by Democratic Republic of the Congo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kenya stood at X%.

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Kenya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (X%), while the prices for the other major destinations experienced more modest paces of growth.

Peanut Butter Imports

Imports into Tanzania

In 2022, imports of peanut butter and prepared or preserved groundnuts into Tanzania rose notably to X tons, growing by X% on the previous year. Over the period under review, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, peanut butter imports dropped rapidly to $X in 2022. In general, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Kenya (X tons) were the main suppliers of peanut butter imports to Tanzania, together comprising X% of total imports. The United Arab Emirates, the UK, Canada, South Africa and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Tanzania, comprising X% of total imports. The second position in the ranking was held by Kenya ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 South Africa ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform