Price for Soya Beans; Other than Seed, Whether or Not Broken in Tanzania - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (FOB) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania
Price for Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $771 per ton in 2022, picking up by 18% against the previous year. Overall, the export price enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 111% against the previous year. The export price peaked at $799 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,115 per ton), while the average price for exports to the United States ($553 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 Canada (+43.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $383 per ton, leveling off at the previous year. Overall, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2015 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $740 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malawi ($399 per ton), while the price for Zambia amounted to $371 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+5.0%), while the prices for the other major suppliers experienced a decline.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -32.9% to 33K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 172%.
In value terms, exports of soya beans; other than seed, whether or not brokens fell markedly to $26M in 2022. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 473% against the previous year.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 1.5 | 0.8 | 14.3 | 10.6 | 91.9% |
| China | N/A | N/A | 1.5 | 7.3 | 386.7% |
| India | 1.1 | 16.6 | 13.1 | 5.0 | 65.7% |
| Canada | N/A | N/A | 1.8 | 1.3 | -27.8% |
| United States | N/A | N/A | 1.2 | 0.3 | -75.0% |
| Others | 0.5 | 0.5 | 0.7 | 1.3 | 37.5% |
| Total | 3.1 | 17.9 | 32.7 | 25.8 | 102.7% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Tanzania in 2022:
- China (12.4K tons)
- Rwanda (9.7K tons)
- India (8.1K tons)
- Canada (1.2K tons)
- United States (0.6K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania
In 2022, imports of soya beans; other than seed, whether or not brokens into Tanzania skyrocketed to 4.7K tons, picking up by 78% compared with the previous year. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 358% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of soya beans; other than seed, whether or not brokens surged to $1.8M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 400%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 577 | 69.9 | 342 | 985 | 19.5% |
| Malawi | 129 | 22.8 | 142 | 809 | 84.4% |
| Kenya | 414 | 42.6 | 126 | N/A | -44.8% |
| United States | 618 | 63.6 | 188 | N/A | -44.8% |
| Ukraine | N/A | N/A | 188 | N/A | 0% |
| Others | 8.5 | 0.4 | 12.1 | 0.4 | -63.9% |
| Total | 1,746 | 199 | 997 | 1,794 | 0.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Tanzania in 2022:
- Zambia (2.7K tons)
- Malawi (2.0K tons)
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