Report Update Apr 1, 2024

Tanzania - Refined Soybean Oil and Its Fractions - Market Analysis, Forecast, Size, Trends and Insights

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Tanzania: Refined Soybean Oil Market 2024

Refined Soybean Oil Market Size in Tanzania

The Tanzanian refined soybean oil market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a deep contraction. Refined soybean oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Soybean Oil Production in Tanzania

In value terms, refined soybean oil production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Refined Soybean Oil Exports

Exports from Tanzania

In 2022, overseas shipments of refined soybean oil and its fractions decreased by X% to X kg for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, refined soybean oil exports shrank significantly to $X in 2022. Overall, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X kg) was the main destination for refined soybean oil exports from Tanzania, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda stood at X%.

In value terms, Rwanda ($X) emerged as the key foreign market for refined soybean oil and its fractions exports from Tanzania.

From 2012 to 2022, the average annual growth rate of value to Rwanda amounted to X%.

Export Prices by Country

In 2022, the average refined soybean oil export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a deep slump. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Comoros amounted to X% per year.

Refined Soybean Oil Imports

Imports into Tanzania

In 2022, after seven years of growth, there was significant decline in supplies from abroad of refined soybean oil and its fractions, when their volume decreased by X% to X tons. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined soybean oil imports contracted rapidly to $X in 2022. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uganda (X tons) constituted the largest refined soybean oil supplier to Tanzania, accounting for a X% share of total imports. Moreover, refined soybean oil imports from Uganda exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uganda stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and India (X% per year).

In value terms, Uganda ($X) constituted the largest supplier of refined soybean oil and its fractions to Tanzania, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uganda amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and India (X% per year).

Import Prices by Country

The average refined soybean oil import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained 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 Russia ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined soybean oil and its fractions in the world?

China constituted the country with the largest volume of refined soybean oil consumption, accounting for 17% of total volume. Moreover, refined soybean oil consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.2% share.

What are the largest producers of refined soybean oil and its fractions in the world?

China constituted the country with the largest volume of refined soybean oil production, accounting for 18% of total volume. Moreover, refined soybean oil production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of refined soybean oil and its fractions to Tanzania?

In value terms, Uganda constituted the largest supplier of refined soybean oil and its fractions to Tanzania, comprising 72% of total imports. The second position in the ranking was taken by Russia, with a 23% share of total imports.

What are the leading importers of refined soybean oil and its fractions from Tanzania?

In value terms, Rwanda $5) emerged as the key foreign market for refined soybean oil and its fractions exports from Tanzania.

What is the average export price for refined soybean oil and its fractions in Tanzania?

The average refined soybean oil export price stood at $192 per ton in 2022, with a decrease of -72.9% against the previous year.

What is the average import price for refined soybean oil and its fractions in Tanzania?

In 2022, the average refined soybean oil import price amounted to $810 per ton, picking up by 9.6% against the previous year.

This report provides an in-depth analysis of the refined soybean oil market in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10415100 - Refined soya-bean oil and its fractions (excluding chemically modified)

Country coverage:

Tanzania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Tanzania
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023