Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,079 per ton, rising by 33% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2017 when the average import price increased by 81%. Over the period under review, average import prices reached the peak figure at $1,336 per ton in 2020; however, from 2021 to 2022, import prices stood 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 Malaysia ($1,603 per ton), while the price for Singapore ($165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,032 per ton, growing by 209% against the previous year. In general, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($3,053 per ton), while the average price for exports to Malawi ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+138.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania

In 2022, approx. 1.1K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Tanzania; reducing by -22.8% against the previous year's figure. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,016% against the previous year. As a result, imports reached the peak of 1.4K tons, and then contracted dramatically in the following year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats rose slightly to $1.2M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 577% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Tanzania in 2022:

1. Malaysia (405.0 tons)
2. Kenya (301.2 tons)
3. United States (164.4 tons)
4. Indonesia (127.1 tons)
5. Singapore (36.4 tons)
6. Turkey (26.2 tons)
7. United Arab Emirates (6.7 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Tanzania

In 2022, approx. 431 kg of liquid margarine and edible mixtures of animal or vegetable fats were exported from Tanzania; falling by -95.7% compared with the year before. In general, exports faced a sharp setback. The smallest decline of -35.6% was in 2021.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats contracted notably to $1.3K in 2022. Over the period under review, exports showed a precipitous setback. The smallest decline of -50.1% was in 2021.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Tanzania in 2022:

1. Democratic Republic of the Congo (416.0 kg)
2. Oman (14.0 kg)

Source: IndexBox Market Intelligence Platform