Tanzania - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Tanzania - 2021
Contents:
- Refined Olive Oil Price in Tanzania (FOB) - 2022
- Refined Olive Oil Price in Tanzania (CIF) - 2022
- Refined Olive Oil Exports in Tanzania
- Refined Olive Oil Imports in Tanzania
Refined Olive Oil Price in Tanzania (FOB) - 2022
The average refined olive oil export price stood at $7,911 per ton in 2022, surging by 1,522% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Kenya.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +1,685.8% per year.
Refined Olive Oil Price in Tanzania (CIF) - 2022
In 2022, the average refined olive oil import price amounted to $1,467 per ton, reducing by -46% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2013 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the maximum at $3,057 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 ($5,031 per ton), while the price for Romania ($582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Exports in Tanzania
In 2022, refined olive oil exports from Tanzania soared to 10 tons, growing by 253% compared with 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil exports surged to $81K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Refined Olive Oil in Tanzania (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kenya | N/A | N/A | 0.3 | 81.0 | 26900.0% |
New Zealand | N/A | 1.0 | N/A | N/A | 0% |
Democratic Republic of the Congo | 0.1 | N/A | N/A | N/A | 0% |
France | N/A | N/A | 0.3 | N/A | 0% |
Italy | N/A | N/A | 0.5 | N/A | 0% |
Australia | 0.9 | 0.3 | 0.2 | N/A | -52.9% |
Others | 0.2 | N/A | N/A | N/A | 0% |
Total | 1.3 | 1.4 | 1.4 | 81.0 | 296.4% |
Top Export Markets for Refined Olive Oil from Tanzania in 2022:
- Kenya (10.2 tons)
Refined Olive Oil Imports in Tanzania
In 2022, supplies from abroad of refined olive oil decreased by -59.9% to 41 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, imports reached the peak of 103 tons, and then reduced sharply in the following year.
In value terms, refined olive oil imports declined significantly to $61K in 2022. Overall, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $281K, and then declined remarkably in the following year.
Import of Refined Olive Oil in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 5.8 | 5.4 | N/A | 16.6 | 42.0% |
United Arab Emirates | 54.3 | 27.5 | 52.5 | 14.6 | -35.5% |
Spain | 67.3 | 62.5 | 36.8 | 13.4 | -41.6% |
South Africa | 1.0 | 1.0 | 0.9 | 7.4 | 94.9% |
Turkey | 13.4 | 7.7 | 7.5 | 3.8 | -34.3% |
Romania | N/A | N/A | N/A | 0.6 | 0% |
Italy | 33.1 | 11.1 | 81.7 | 0.1 | -85.5% |
Kenya | 12.3 | 37.2 | 45.9 | N/A | 93.2% |
Switzerland | 8.6 | 11.4 | 11.2 | N/A | 14.1% |
Others | 21.4 | 56.2 | 44.6 | 4.2 | -41.9% |
Total | 217 | 220 | 281 | 60.8 | -34.6% |
Top Suppliers of Refined Olive Oil to Tanzania in 2022:
- Switzerland (undefined tons)
- Indonesia (21.0 tons)
- United Arab Emirates (7.3 tons)
- Spain (6.7 tons)
- Turkey (2.8 tons)
- South Africa (1.5 tons)
- Romania (1.0 tons)
- Italy (0.1 tons)
This report provides an in-depth analysis of the refined olive oil market in Tanzania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the refined olive oil market in Tanzania.
This report provides an in-depth analysis of the virgin olive oil market in Tanzania.
This report provides an in-depth analysis of the olive oil market in Tanzania.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the refined olive oil market in Tanzania.
This report provides an in-depth analysis of the virgin olive oil market in Tanzania.
This report provides an in-depth analysis of the olive oil market in Tanzania.
This report provides an in-depth analysis of the global refined olive oil market.
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