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

In 2022, the Tanzanian market for malt extract and food preparations of flour, meal, and starches decreased by X% to $X, falling for the sixth consecutive year after two years of growth. Overall, consumption, however, showed a deep contraction. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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 X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports showed a significant expansion. 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 skyrocketed to $X in 2022. In general, exports recorded a significant increase. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a 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, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Democratic Republic of the Congo totaled X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at X%.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 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 Malawi (X%), 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, overseas purchases of malt extract and food preparations of flour, meal, and starches were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches stood at $X in 2022. In general, imports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

South Africa (X tons), Ireland (X tons) and Rwanda (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Tanzania, with a combined X% share of total imports. Malawi, Malaysia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Rwanda ($X) and Ireland ($X) constituted the largest malt extract and food preparations of flour, meal, and starch suppliers to Tanzania, with a combined X% share of total imports.

Among the main suppliers, Rwanda, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, shrinking by X% against the previous year. In general, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Rwanda ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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