Price for Cereal Groats and Meal; of Wheat in Tanzania - 2023
Contents:
- Price for Cereal Groats and Meal; of Wheat in Tanzania (CIF) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Tanzania
Price for Cereal Groats and Meal; of Wheat in Tanzania (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $608 per ton, surging by 28% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of wheats increased by +44.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure at $626 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($623 per ton), while the price for Tunisia totaled $426 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%).
Imports of Cereal Groats and Meal; of Wheat in Tanzania
Imports of cereal groats and meal; of wheats into Tanzania skyrocketed to 24K tons in 2022, increasing by 28% compared with 2021. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of cereal groats and meal; of wheats surged to $15M in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereal Groats and Meal; of Wheat in Tanzania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 8.5 | 5.3 | 8.8 | 14.1 | 18.4% |
| Tunisia | 0.6 | 1.6 | 0.3 | 0.8 | 10.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.1 | 6.9 | 9.1 | 14.9 | 17.9% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Tanzania in 2022:
- Turkey (22.6K tons)
- Tunisia (1.9K tons)
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