Tanzania: Soya Bean Market 2020

Soya Bean Market Size in Tanzania

The revenue of the soya bean market in Tanzania amounted to $X in 2018, falling by -X% against the previous year. Overall, soya bean consumption continues to indicate a noticeable deduction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. In that year, the soya bean market reached its peak level of $X. From 2017 to 2018, the growth of the soya bean market failed to regain its momentum.

Soya Bean Production in Tanzania

In value terms, soya bean production totaled $X in 2018 estimated in export prices. Overall, soya bean production continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, soya bean production attained its peak figure level at $X in 2017, and then declined slightly in the following year.

In 2018, the average soya bean yield in Tanzania totaled X ton per ha, surging by X% against the previous year. In general, the yield indicated noticeable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soya bean yield decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Soya bean yield peaked at X ton per ha in 2013; however, from 2014 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of soya beans were harvested in Tanzania; growing by X% against the previous year. Overall, the total harvested area indicated a pronounced expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to soya bean production attained its maximum at X ha in 2008; however, from 2009 to 2018, harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from Tanzania

Soya bean exports from Tanzania totaled X tons in 2018, increasing by X% against the previous year. Over the period under review, soya bean exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, soya bean exports reached their peak figure in 2018 and are likely to see steady growth in the near future.

In value terms, soya bean exports stood at $X in 2018. Overall, soya bean exports continue to indicate an extraordinary expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Kenya (X tons) was the main destination for soya bean exports from Tanzania, with a X% share of total exports. Moreover, soya bean exports to Kenya exceeded the volume sent to the second major destination, Burundi (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Kenya totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+X% per year) and Italy (+X% per year).

In value terms, Italy ($X), Burundi ($X) and Kenya ($X) appeared to be the largest markets for soya bean exported from Tanzania worldwide, together accounting for X% of total exports. Belgium, India, South Africa and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest growth rate of market size, in terms of the main countries of destination over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2018, reducing by -X% against the previous year. Overall, the soya bean export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo, while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Tanzania

In 2018, the imports of soya beans into Tanzania amounted to X tons, picking up by X% against the previous year. Over the period under review, soya bean imports, however, continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. In that year, soya bean imports attained their peak of X tons. From 2017 to 2018, the growth of soya bean imports remained at a somewhat lower figure.

In value terms, soya bean imports stood at $X in 2018. Overall, soya bean imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. In that year, soya bean imports reached their peak of $X. From 2017 to 2018, the growth of soya bean imports remained at a somewhat lower figure.

Imports by Country

In 2018, Uganda (X tons) constituted the largest supplier of soya bean to Tanzania, with a X% share of total imports. Moreover, soya bean imports from Uganda exceeded the figures recorded by the second-largest supplier, Malawi (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Uganda amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (-X% per year) and India (+X% per year).

In value terms, Uganda ($X) constituted the largest supplier of soya bean to Tanzania, comprising X% of total soya bean imports. The second position in the ranking was occupied by Malawi ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Uganda totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malawi (-X% per year) and South Africa (-X% per year).

Import Prices by Country

In 2018, the average soya bean import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soya bean import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform