Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (CIF) - 2022
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (CIF) - 2022
The average import price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $1,759 per ton in 2022, growing by 98% against the previous year. Over the period under review, the import price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 175%. The import price peaked at $4,259 per ton in 2015; however, from 2016 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 South Africa ($10,789 per ton), while the price for Nigeria ($101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (FOB) - 2022
In 2022, the average export price for oil seeds; cotton seeds, other than seed, whether or not broken amounted to $162 per ton, reducing by -7.2% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 33% against the previous year. As a result, the export price reached the peak level of $791 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($280 per ton), while the average price for exports to Kenya ($162 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 Burundi (-10.1%), while the prices for the other major destinations experienced a decline.
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania
In 2022, imports of oil seeds; cotton seeds, other than seed, whether or not broken into Tanzania dropped notably to 106 tons, which is down by -39.5% against 2021 figures. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 6,823%. As a result, imports reached the peak of 175 tons, and then fell markedly in the following year.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken surged to $186K in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 17,120% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2.8 | 0.1 | 0.4 | 107 | 236.8% |
| India | 4.9 | 0.1 | 0.3 | 69.8 | 142.4% |
| United Arab Emirates | 1.6 | 0.1 | 0.6 | 4.5 | 41.2% |
| Nigeria | N/A | N/A | N/A | 4.3 | 0% |
| Malawi | N/A | N/A | 154 | N/A | 0% |
| Others | N/A | 0.6 | N/A | N/A | 0% |
| Total | 9.3 | 0.9 | 155 | 186 | 171.4% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Tanzania in 2022:
- Nigeria (42.7 tons)
- India (29.1 tons)
- United Arab Emirates (24.0 tons)
- South Africa (10.0 tons)
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania
In 2022, after three years of growth, there was significant decline in overseas shipments of oil seeds; cotton seeds, other than seed, whether or not broken, when their volume decreased by -8.1% to 195 tons. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken shrank to $32K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 163%. As a result, the exports reached the peak of $44K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | N/A | N/A | N/A | 30.1 | 0% |
| Burundi | 13.4 | 40.6 | 34.2 | 1.3 | -54.1% |
| Rwanda | 2.1 | 3.1 | 2.8 | 0.1 | -63.8% |
| Uganda | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.6 | 43.7 | 37.0 | 31.5 | 23.8% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Tanzania in 2022:
- Kenya (186.3 tons)
- Burundi (8.2 tons)
- Rwanda (0.4 tons)
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