Tanzania: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Tanzania

The Tanzanian sunflower-seed and safflower oil market reduced slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sunflower-Seed And Safflower Oil in Tanzania

In value terms, sunflower-seed and safflower oil production reached $X in 2022 estimated in export price. In general, production, however, recorded a mild slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Sunflower-Seed And Safflower Oil

Exports from Tanzania

In 2022, exports of sunflower-seed and safflower oil from Tanzania soared to X tons, increasing by X% compared with the previous year's figure. In general, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sunflower-seed and safflower oil exports soared to $X in 2022. Overall, exports, however, saw a abrupt setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X tons) was the main destination for sunflower-seed and safflower oil exports from Tanzania, accounting for a X% share of total exports. Moreover, sunflower-seed and safflower oil exports to Switzerland exceeded the volume sent to the second major destination, Rwanda (X tons), fivefold. The third position in this ranking was held by Democratic Republic of the Congo (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Switzerland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Switzerland ($X) remains the key foreign market for sunflower-seed and safflower oil exports from Tanzania, comprising X% of total exports. The second position in the ranking was held by Rwanda ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2022, the average sunflower-seed and safflower oil export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Kenya ($X per ton) and Rwanda ($X per ton) were amongst the lowest.

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

Imports of Sunflower-Seed And Safflower Oil

Imports into Tanzania

In 2022, imports of sunflower-seed and safflower oil into Tanzania fell sharply to X tons, reducing by X% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sunflower-seed and safflower oil imports declined sharply to $X in 2022. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Turkey (X tons), Malaysia (X tons) and Uganda (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Tanzania, with a combined X% share of total imports. South Africa and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed and safflower oil suppliers to Tanzania were South Africa ($X), Uganda ($X) and Turkey ($X), together comprising X% of total imports.

South Africa, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sunflower-seed and safflower oil import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price showed a perceptible downturn. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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