Broken Rice Price in Tanzania - 2022
Contents:
- Broken Rice Price in Tanzania (FOB) - 2022
- Broken Rice Price in Tanzania (CIF) - 2022
- Broken Rice Exports in Tanzania
- Broken Rice Imports in Tanzania
Broken Rice Price in Tanzania (FOB) - 2022
In 2022, the average broken rice export price amounted to $331 per ton, jumping by 46% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broken rice export price decreased by -12.4% against 2018 indices. Over the period under review, the average export prices reached the peak figure at $378 per ton in 2018; however, from 2019 to 2022, the 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 Comoros ($828 per ton), while the average price for exports to Democratic Republic of the Congo ($181 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 Pakistan (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.
Broken Rice Price in Tanzania (CIF) - 2022
In 2022, the average broken rice import price amounted to $525 per ton, surging by 41% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the United Arab Emirates ($681 per ton), while the price for the United States ($350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.7%), while the prices for the other major suppliers experienced a decline.
Broken Rice Exports in Tanzania
In 2022, the amount of broken rice exported from Tanzania shrank notably to 3.7K tons, waning by -84.3% on the year before. Overall, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 61%.
In value terms, broken rice exports contracted significantly to $1.2M in 2022. Over the period under review, exports recorded a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 9.3% against the previous year.
| Export of Broken Rice in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 0.1 | 0.4 | 1.0 | 0.7 | 91.3% |
| Kenya | N/A | 1.2 | 3.6 | 0.3 | -50.0% |
| Democratic Republic of the Congo | 0.1 | 0.5 | 0.1 | 0.1 | 0.0% |
| Uganda | 11.0 | 2.4 | 0.2 | N/A | -86.5% |
| South Sudan | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
| Total | 11.7 | 4.8 | 5.2 | 1.2 | -53.2% |
Top Export Markets for Broken Rice from Tanzania in 2022:
- Kenya (1830.7 tons)
- Rwanda (1216.0 tons)
- Democratic Republic of the Congo (518.9 tons)
Broken Rice Imports in Tanzania
In 2022, after three years of growth, there was significant decline in overseas purchases of broken rice, when their volume decreased by -98.7% to 40 tons. In general, imports saw a significant contraction. The growth pace was the most rapid in 2020 when imports increased by 139%.
In value terms, broken rice imports contracted remarkably to $21K in 2022. Overall, imports saw a precipitous decrease. The growth pace was the most rapid in 2020 when imports increased by 149%.
| Import of Broken Rice in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.9 | 18.8 | 23.7 | 12.9 | 13.2% |
| India | 55.8 | 276 | 1,041 | 6.3 | -51.7% |
| United States | N/A | 16.6 | N/A | 1.2 | -73.1% |
| Kenya | N/A | N/A | 96.7 | N/A | 0% |
| Pakistan | 227 | 416 | N/A | N/A | 83.3% |
| Others | N/A | 0.2 | 0.5 | 0.5 | 58.1% |
| Total | 291 | 727 | 1,162 | 21.0 | -58.4% |
Top Suppliers of Broken Rice to Tanzania in 2022:
- United Arab Emirates (19.0 tons)
- India (17.0 tons)
- United States (3.5 tons)
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