Tanzania: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Tanzania

In 2022, the Tanzanian margarine and shortening market decreased by -6.1% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Margarine And Shortening Production in Tanzania

In value terms, margarine and shortening production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. Margarine and shortening production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Margarine And Shortening Exports

Exports from Tanzania

In 2022, shipments abroad of margarine and shortening decreased by -94.9% to X kg, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2017 with an increase of 289%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, margarine and shortening exports contracted significantly to $X in 2022. In general, exports faced a sharp decrease. The growth pace was the most rapid in 2014 when exports increased by 147%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for margarine and shortening exports from Tanzania, accounting for a 96% share of total exports. Moreover, margarine and shortening exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-50.0% per year) and Malawi (-61.4% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for margarine and shortening exports from Tanzania, comprising 97% of total exports. The second position in the ranking was held by Oman ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo amounted to +169.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-37.7% per year) and Malawi (-62.8% per year).

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, surging by 69% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 122% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Malawi ($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 Democratic Republic of the Congo (+70.2%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Tanzania

Margarine and shortening imports into Tanzania reduced markedly to X tons in 2022, with a decrease of -15.4% against the previous year. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 651%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, margarine and shortening imports rose remarkably to $X in 2022. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 872% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kenya (X tons) constituted the largest margarine and shortening supplier to Tanzania, accounting for a 77% share of total imports. Moreover, margarine and shortening imports from Kenya exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), tenfold. Indonesia (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kenya totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+40.8% per year) and Indonesia (+36.2% per year).

In value terms, Kenya ($X) constituted the largest supplier of margarine and shortening to Tanzania, comprising 92% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 5.9% share of total imports. It was followed by Indonesia, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kenya totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+45.0% per year) and Indonesia (+39.0% per year).

Import Prices by Country

The average margarine and shortening import price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening import price increased by +96.6% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for Singapore ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform