Price for Cereals; Maize (Corn), Other than Seed in Tanzania - 2022
Contents:
- Price for Cereals; Maize (Corn), Other than Seed in Tanzania (FOB) - 2022
- Price for Cereals; Maize (Corn), Other than Seed in Tanzania (CIF) - 2022
- Exports of Cereals; Maize (Corn), Other than Seed in Tanzania
- Imports of Cereals; Maize (Corn), Other than Seed in Tanzania
Price for Cereals; Maize (Corn), Other than Seed in Tanzania (FOB) - 2022
In December 2021, the average export price for cereals; maize (corn), other than seeds amounted to $214 per ton, picking up by 70% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2021 an increase of 89% against the previous month. As a result, the export price attained the peak level of $467 per ton. From April 2021 to December 2021, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was Sudan ($259 per ton), while the average price for exports to Kenya ($106 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Other than Seed in Tanzania (CIF) - 2022
The average import price for cereals; maize (corn), other than seeds stood at $192 per ton in 2022, declining by -40.4% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 60% against the previous year. The import price peaked at $533 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Argentina ($575 per ton), while the price for Bulgaria ($110 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+5.7%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Maize (Corn), Other than Seed in Tanzania
In 2022, the amount of cereals; maize (corn), other than seeds exported from Tanzania reduced markedly to 416K tons, which is down by -24.9% against the year before. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 523%. As a result, the exports reached the peak of 554K tons, and then contracted sharply in the following year.
In value terms, exports of cereals; maize (corn), other than seeds reduced markedly to $71M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 484%. As a result, the exports reached the peak of $133M, and then shrank remarkably in the following year.
| Export of Cereals; Maize (Corn), Other than Seed in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 12.4 | 10.4 | 89.8 | 48.9 | 58.0% |
| Rwanda | 0.5 | 0.4 | 14.8 | 15.9 | 216.8% |
| Burundi | 6.7 | 3.7 | 2.4 | 2.1 | -32.1% |
| Others | 9.9 | 8.3 | 26.0 | 4.7 | -22.0% |
| Total | 29.5 | 22.8 | 133 | 71.5 | 34.3% |
Top Export Markets for Cereals; Maize (Corn), Other than Seed from Tanzania in 2022:
- Kenya (321.3K tons)
- Rwanda (59.5K tons)
- Burundi (4.2K tons)
Imports of Cereals; Maize (Corn), Other than Seed in Tanzania
In 2022, purchases abroad of cereals; maize (corn), other than seeds was finally on the rise to reach 38K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, imports of cereals; maize (corn), other than seeds skyrocketed to $7.3M in 2022. Overall, imports, however, saw a precipitous decline.
| Import of Cereals; Maize (Corn), Other than Seed in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | N/A | N/A | N/A | 6.5 | 0% |
| Uganda | 4.6 | 8.1 | 0.3 | 0.4 | -55.7% |
| Mozambique | N/A | N/A | N/A | 0.2 | 0% |
| Malawi | N/A | N/A | N/A | 0.1 | 0% |
| Bulgaria | 0.5 | 0.3 | N/A | N/A | -40.0% |
| Kenya | N/A | N/A | 1.1 | N/A | 0% |
| South Africa | 16.0 | N/A | N/A | N/A | 0% |
| Ukraine | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 0.5 | 0.6 | 0.1 | -45.0% |
| Total | 22.1 | 8.9 | 1.9 | 7.3 | -30.9% |
Top Suppliers of Cereals; Maize (Corn), Other than Seed to Tanzania in 2022:
- Zambia (32.5K tons)
- Uganda (3.0K tons)
- Mozambique (1.5K tons)
- Malawi (0.7K tons)
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