Price for Cereal Flour; of Maize (Corn) in Tanzania - 2022

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Tanzania (FOB) - 2022
2. Price for Cereal Flour; of Maize (Corn) in Tanzania (CIF) - 2022
3. Exports of Cereal Flour; of Maize (Corn) in Tanzania
4. Imports of Cereal Flour; of Maize (Corn) in Tanzania

Price for Cereal Flour; of Maize (Corn) in Tanzania (FOB) - 2022

In December 2021, the average export price for cereal flour; of maize (corn) amounted to $286 per ton, increasing by 25% against the previous month. Overall, the export price, however, saw a pronounced contraction. The pace of growth was the most pronounced in June 2021 an increase of 153% m-o-m. The export price peaked at $443 per ton in February 2021; however, from March 2021 to December 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In December 2021, the country with the highest price was Kenya ($355 per ton), while the average price for exports to Democratic Republic of the Congo totaled $237 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+2.3%).

Price for Cereal Flour; of Maize (Corn) in Tanzania (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $897 per ton, growing by 66% against the previous year. Overall, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2018 an increase of 137% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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 ($1,138 per ton), while the price for Romania ($59 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cereal Flour; of Maize (Corn) in Tanzania

For the fourth year in a row, Tanzania recorded growth in overseas shipments of cereal flour; of maize (corn), which increased by 691% to 20K tons in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal flour; of maize (corn) exports soared to $7.3M in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Flour; of Maize (Corn) from Tanzania in 2022:

1. Democratic Republic of the Congo (9.7K tons)
2. Kenya (8.4K tons)
3. South Africa (0.3K tons)
4. Burundi (0.2K tons)

Imports of Cereal Flour; of Maize (Corn) in Tanzania

Cereal flour; of maize (corn) imports into Tanzania shrank sharply to 16 tons in 2022, with a decrease of -89.7% against the previous year's figure. Over the period under review, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 53%.

In value terms, cereal flour; of maize (corn) imports shrank dramatically to $14K in 2022. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of $84K, and then contracted remarkably in the following year.

Top Suppliers of Cereal Flour; of Maize (Corn) to Tanzania in 2022:

1. United Arab Emirates (9.9 tons)
2. India (4.2 tons)
3. Romania (0.9 tons)
4. Italy (0.6 tons)
5. United Kingdom (0.4 tons)

Source: IndexBox Market Intelligence Platform