What is the price of palm oil per kilogram/pound in Tanzania today?
The retail price range for Tanzania palm oil is between US$ 0.44 and US$ 0.63 per kilogram or between US$ 0.20 and US$ 0.29 per pound(lb). Click here to see today's exact prices of palm oil in Tanzania
The retail price range in Tanzanian shilling for palm oil is between TZS 1,042.71 and TZS 1,506.14 per kilogram or between TZS 472.89 and TZS 683.06 per pound(lb) in Dar es Salaam and Mwanza.
Wholesale prices
In 2025, the approximate wholesale price range for Tanzania palm oil is between US$ 0.31 and US$ 0.44 per kilogram or between US$ 0.14 and US$ 0.20 per pound(lb).
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Tanzania Palm Oil Export Prices - Historical, Trends and Prediction
The export price of Palm Oil from Tanzania over the last five years has seen a steady decline. In 2016, the price per kilogram was 0.80 US dollars, followed by 0.85 US dollars in 2018. The lowest price was recorded in 2015 at 0.99 US dollars per kilogram. In 2019, the price per kilogram increased to 2.50 US dollars, before dropping to 1.01 US dollars in 2020. The latest data shows that the price per kilogram is 1.43 US dollars in 2021. Based on the current trend, it is predicted that the export price of Palm Oil from Tanzania will be 1.37 US dollars in 2023 and 1.31 US dollars in 2024.The palm oil exports from Tanzania are classified as:
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm oil (HS code 151110)
Tanzania Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Tanzania over the last five years has been relatively volatile. In 2016, the price was at its lowest point of $0.80, before increasing to $1.26 in 2013. In 2014, the price rose to $1.33, before dropping to $0.99 in 2015. The price then rose again to $1.09 in 2017, before dropping to $0.85 in 2018. In 2019, the price rose to its highest point of $2.50, before dropping to $1.01 in 2020. The price then rose again to $1.43 in 2021. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the prices will remain relatively volatile, with potential for further increases and decreases.Export values for Tanzania palm oil
The total values in export for palm oil in Tanzania were US$ 9,852, US$ 2,636, US$ 1,167 and US$ 75 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Tanzania: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of palm oil in other countries across Africa: Algeria palm oil, Angola palm oil, Botswana palm oil, Burundi palm oil, Cameroon palm oil, Cape Verde palm oil, Central African Republic palm oil, Comoros palm oil, DRC Congo palm oil & Benin palm oil.
Tanzania palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Tanzania sold 112 tonnes of palm oil. Through 2019 alone, the demand for Tanzania palm oil (processed category) has decreased, flactuating by -91.813 % compared to the year 2018. Between 2017 and 2019, palm oil's exports decreased by -95.37% bringing Tanzania US$0.08m for the year 2019. Tanzania's palm oil exports are categorised as:
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Crude palm kernel and babassu oil (HS code 151321)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Tanzania palm oil export values
In 2019, Tanzania shipped palm oil valued at 0.08m USD, a drop of -93.14% from 2018's total palm oil export of 1.167m USD. The yearly change in value of Tanzania palm oil between 2017 to 2018 was -55.728 percent.
The per year change in the volume of Tanzania's palm oil exports between 2017 and 2019 was -95.37 percent compared to a variation of -91.813% in the period between 2018 and 2019.
Export markets for Tanzania palm oil ( in '000$ )
Tanzania's leading export markets for palm oil are Burundi, Uganda, Swaziland (Eswatini), Rwanda and Zimbabwe.
Tanzania brought in 520,359 tonnes of palm oil in 2019.
Production
The production of palm oil in Tanzania was 302,576 tonnes in 2019 and is forecast to change by an average of 0.74%. The country had approximately 22,072.00 hectares under palm oil cultivation.