Tanzania - Refined Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Palm Oil Price in Tanzania - 2021
Contents:
- Refined Palm Oil Price in Tanzania (CIF) - 2021
- Refined Palm Oil Price in Tanzania (FOB) - 2022
- Refined Palm Oil Imports in Tanzania
- Refined Palm Oil Exports in Tanzania
Refined Palm Oil Price in Tanzania (CIF) - 2021
In December 2021, the average refined palm oil import price amounted to $654 per ton, waning by -4.6% against the previous month. Over the period under review, import price indicated a measured expansion from December 2020 to December 2021: its price increased at an average monthly rate of +2.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, refined palm oil import price increased by +61.7% against September 2021 indices. The pace of growth appeared the most rapid in June 2021 when the average import price increased by 115% against the previous month. Over the period under review, average import prices hit record highs at $686 per ton in November 2021, and then reduced slightly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1,085 per ton), while the price for Singapore ($176 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Palm Oil Price in Tanzania (FOB) - 2022
The average refined palm oil export price stood at $1,867 per ton in 2022, increasing by 22% against the previous year. Overall, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined palm oil export price increased by +129.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 79%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($4,367 per ton), while the average price for exports to Democratic Republic of the Congo stood at $993 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Palm Oil Imports in Tanzania
In 2022, approx. 156K tons of refined palm oil were imported into Tanzania; dropping by -47.1% compared with the previous year's figure. Over the period under review, imports saw a dramatic downturn. The smallest decline of -17.7% was in 2020.
In value terms, refined palm oil imports declined dramatically to $94M in 2022. Overall, imports continue to indicate a significant contraction. The smallest decline of -2.5% was in 2020.
| Import of Refined Palm Oil in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 49.4 | 117 | 36.4 | 88.5 | 21.5% |
| Indonesia | 248 | 171 | 169 | 4.9 | -73.0% |
| Singapore | 8.7 | 1.3 | 0.6 | 0.2 | -71.6% |
| Others | 2.3 | 11.1 | 7.0 | 0.6 | -36.1% |
| Total | 308 | 300 | 213 | 94.3 | -32.6% |
Top Suppliers of Refined Palm Oil to Tanzania in 2022:
- Malaysia (147.0K tons)
- Indonesia (6.4K tons)
- Singapore (1.4K tons)
Refined Palm Oil Exports in Tanzania
In 2022, after three years of growth, there was significant decline in shipments abroad of refined palm oil, when their volume decreased by -81.1% to 255 tons. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then shrank sharply in the following year.
In value terms, refined palm oil exports declined significantly to $476K in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 201%. As a result, the exports attained the peak of $2.1M, and then declined significantly in the following year.
| Export of Refined Palm Oil in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 288 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 187 | 0% |
| Burundi | 76.7 | 18.1 | 0.4 | N/A | -92.8% |
| Mozambique | N/A | 9.6 | N/A | N/A | 0% |
| Rwanda | 568 | 643 | 2,016 | N/A | 88.4% |
| Others | 6.1 | 14.4 | 47.2 | 0.2 | -68.0% |
| Total | 651 | 685 | 2,064 | 476 | -9.9% |
Top Export Markets for Refined Palm Oil from Tanzania in 2022:
- Democratic Republic of the Congo (188.4 tons)
- Spain (66.0 tons)
This report provides an in-depth analysis of the refined palm 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 10415700 - Refined palm 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
-
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
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