Price for Oil Seeds; Linseed, Whether or Not Broken in Tanzania - 2023

Contents:

  1. Price for Oil Seeds; Linseed, Whether or Not Broken in Tanzania (CIF) - 2022
  2. Imports of Oil Seeds; Linseed, Whether or Not Broken in Tanzania

Price for Oil Seeds; Linseed, Whether or Not Broken in Tanzania (CIF) - 2022

In 2022, the average import price for oil seeds; linseed, whether or not brokens amounted to $435 per ton, reducing by -54.4% against the previous year. In general, the import price, however, recorded moderate growth. The most prominent rate of growth was recorded in 2015 an increase of 88% against the previous year. The import price peaked at $954 per ton in 2021, and then contracted remarkably in the following year.

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 ($588 per ton), while the price for Jordan ($236 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Oil Seeds; Linseed, Whether or Not Broken in Tanzania

In 2022, overseas purchases of oil seeds; linseed, whether or not brokens were finally on the rise to reach 9.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of oil seeds; linseed, whether or not brokens soared to $4.3K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 +65.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Oil Seeds; Linseed, Whether or Not Broken in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India0.50.6N/A2.366.3%
South Africa2.81.83.01.9-12.1%
Jordan0.10.10.10.10.0%
United StatesN/A0.1N/AN/A0%
Others0.1N/AN/AN/A0%
Total3.52.63.34.37.1%

Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Tanzania in 2022:

  1. India (6.3 tons)
  2. South Africa (3.2 tons)
  3. Jordan (0.3 tons)

Source: IndexBox Market Intelligence Platform

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