Cereals; Millet Price in Tanzania - 2022
Contents:
- Cereals; Millet Price in Tanzania (FOB) - 2022
- Cereals; Millet Price in Tanzania (CIF) - 2022
- Cereals; Millet Exports in Tanzania
- Cereals; Millet Imports in Tanzania
Cereals; Millet Price in Tanzania (FOB) - 2022
In 2022, the average cereals; millet export price amounted to $228 per ton, increasing by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 5.6%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($234 per ton), while the average price for exports to Kenya totaled $59 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+3.2%).
Cereals; Millet Price in Tanzania (CIF) - 2022
In 2022, the average cereals; millet import price amounted to $11,869 per ton, growing by 14% against the previous year. Overall, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 41%. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +48.3% per year.
Cereals; Millet Exports in Tanzania
For the fourth consecutive year, Tanzania recorded growth in overseas shipments of cereals; millets, which increased by 0.7% to 96 tons in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet exports expanded markedly to $22K in 2022. The total export value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 6.4%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cereals; Millet in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 17.7 | 19.0 | 20.3 | 21.7 | 7.0% |
| Kenya | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 18.2 | 19.4 | 20.6 | 21.9 | 6.4% |
Top Export Markets for Cereals; Millet from Tanzania in 2022:
- Rwanda (92.6 tons)
- Kenya (3.4 tons)
Cereals; Millet Imports in Tanzania
For the fourth consecutive year, Tanzania recorded growth in purchases abroad of cereals; millets, which increased by 5% to 481 kg in 2022. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; 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.
In value terms, cereals; millet imports skyrocketed to $5.7K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.3 | 4.0 | 4.8 | 5.7 | 20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.3 | 4.0 | 4.8 | 5.7 | 20.0% |
Top Suppliers of Cereals; Millet to Tanzania in 2022:
- India (481.0 kg)
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