Tanzania: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Tanzania

In 2022, the Tanzanian chemically modified oils market decreased by less than 0.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, showed a resilient increase. Chemically modified oils consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chemically Modified Oils Production in Tanzania

In value terms, chemically modified oils production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Chemically modified oils production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Tanzania

In 2022, exports of animal or vegetable fats and oils chemically modified from Tanzania soared to X tons, picking up by 307% against 2021 figures. In general, exports, however, saw a drastic downturn. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, chemically modified oils exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Uganda (X tons) was the main destination for chemically modified oils exports from Tanzania, with a 60% share of total exports. Moreover, chemically modified oils exports to Uganda exceeded the volume sent to the second major destination, Malawi (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Uganda stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+87.7% per year) and Kenya (+21.5% per year).

In value terms, the largest markets for chemically modified oils exported from Tanzania were Malawi ($X), Uganda ($X) and Kenya ($X), together comprising 99.9% of total exports.

Malawi, with a CAGR of +85.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, falling by -7.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 11%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Uganda ($X 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 Uganda (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Tanzania

After three years of growth, supplies from abroad of animal or vegetable fats and oils chemically modified decreased by -92.6% to X tons in 2022. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 789% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell remarkably in the following year.

In value terms, chemically modified oils imports reduced markedly to $X in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 944% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Kenya (X tons), South Africa (X tons) and China (X tons) were the main suppliers of chemically modified oils imports to Tanzania.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +46.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Tanzania, comprising 83% of total imports. The second position in the ranking was taken by Kenya ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa totaled +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (+29.4% per year) and China (+26.3% per year).

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, increasing by 117% against the previous year. In general, the import price saw perceptible growth. 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 South Africa ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform