Tanzania - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania - 2022
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (CIF) - 2022
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (FOB) - 2022
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (CIF) - 2022
The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $241 per ton in December 2021, falling by -3.7% against the previous month. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in June 2021 an increase of 81% m-o-m. As a result, import price reached the peak level of $1,609 per ton. From July 2021 to December 2021, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Kenya ($2,829 per ton), while the price for Turkey stood at $175 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Kenya (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (FOB) - 2022
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $2,053 per ton in 2022, growing by 181% against the previous year. Overall, the export price continues to indicate a measured expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Swaziland ($2,534 per ton), while the average price for exports to India ($1,087 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 India (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania
In 2022, imports of sunflower-seed or safflower oil, refined, but not chemically modified into Tanzania dropped markedly to 6K tons, declining by -54.3% compared with 2021 figures. Overall, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1.7% against the previous year.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified dropped sharply to $5.7M in 2022. In general, imports showed a dramatic descent. The growth pace was the most rapid in 2021 when imports increased by 18%. As a result, imports reached the peak of $14M, and then dropped markedly in the following year.
| Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 1.9 | 0% |
| Uganda | N/A | 0.8 | N/A | 1.3 | 27.5% |
| Malaysia | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Turkey | 3.9 | 2.4 | 4.4 | 1.0 | -36.5% |
| Ukraine | 6.8 | 6.4 | 4.4 | 0.3 | -64.7% |
| Egypt | 1.0 | 0.3 | 0.1 | 0.1 | -53.6% |
| Italy | N/A | 0.9 | 2.3 | N/A | 155.6% |
| Others | 0.4 | 1.1 | 2.7 | 0.1 | -37.0% |
| Total | 12.2 | 11.9 | 14.0 | 5.7 | -22.4% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Tanzania in 2022:
- Malaysia (1901.9 tons)
- Uganda (1672.3 tons)
- South Africa (1098.8 tons)
- Turkey (1029.9 tons)
- Ukraine (240.5 tons)
- Egypt (33.4 tons)
- Italy (22.8 tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania
In 2022, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified were finally on the rise to reach 962 tons after two years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified surged to $2M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 25.8 | N/A | N/A | 1,209 | 260.5% |
| Democratic Republic of the Congo | N/A | 0.9 | N/A | 509 | 2278.1% |
| Swaziland | N/A | N/A | N/A | 117 | 0% |
| Kenya | N/A | N/A | 58.6 | 84.5 | 44.2% |
| India | 186 | N/A | N/A | 34.8 | -42.8% |
| Switzerland | N/A | 178 | 92.0 | N/A | -48.3% |
| Others | 25.3 | 25.5 | N/A | 21.8 | -4.8% |
| Total | 237 | 204 | 151 | 1,975 | 102.7% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Tanzania in 2022:
- Rwanda (581.1 tons)
- Democratic Republic of the Congo (246.0 tons)
- Kenya (48.7 tons)
- Swaziland (46.0 tons)
- India (32.0 tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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 10415400 - Refined sunflower-seed and safflower oil and their 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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Over the past year, the prices for sunflower oil have doubled, against robust demand and depleting sunflower seed stocks. The dry weather conditions negatively affected the sunflower crop yield in 2020, but the market is now seeing a sturdy recovery. The production of sunflower oil is forecast to increase in 2021 driven by strong demand that promotes investments in the expansion of harvested areas.
4607
Global sunflower-seed and safflower oil consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
3758
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