Tanzania: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Tanzania

The Tanzanian market for malt extract and food preparations of flour, meal, and starches fell sharply to $X in 2022, dropping by -39.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Tanzania

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches increased by 13,006% to X tons, rising for the third consecutive year after three years of decline. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Tanzania, accounting for a 97% share of total exports. It was followed by the United States (X tons), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo totaled +152.4%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Tanzania, comprising 99% of total exports. The second position in the ranking was taken by the United States ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo totaled +130.8%.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -68.3% against the previous year. Over the period under review, the export price faced a abrupt descent. The growth pace was the most rapid in 2016 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (-8.6%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Tanzania

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were imported into Tanzania; with a decrease of -8.4% against the previous year's figure. Over the period under review, imports, however, showed a measured increase. The growth pace was the most rapid in 2015 when imports increased by 241% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches fell notably to $X in 2022. Overall, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2013 when imports increased by 239% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Tanzania, accounting for a 43% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from South Africa exceeded the figures recorded by the second-largest supplier, Ireland (X tons), twofold. Rwanda (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-3.2% per year) and Rwanda (+29.7% per year).

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Tanzania were South Africa ($X), Rwanda ($X) and Ireland ($X), with a combined 77% share of total imports. Malawi, Kenya, the United Arab Emirates and India lagged somewhat behind, together comprising a further 20%.

India, with a CAGR of +43.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, falling by -8.9% against the previous year. Over the period under review, the import price showed a abrupt setback. The growth pace was the most rapid in 2016 an increase of 47%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Kenya ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform