What is the price of margarine per kilogram/pound in Senegal today?
The retail price range for Senegal margarine is between US$ 2.02 and US$ 5.60 per kilogram or between US$ 0.92 and US$ 2.54 per pound(lb). Click here to see today's exact prices of margarine in Senegal
The retail price range in CFA Franc BCEAO for margarine is between XOF 1,232.86 and XOF 3,417.30 per kilogram or between XOF 559.12 and XOF 1,549.79 per pound(lb) in Dakar and Touba.
Wholesale prices
In 2024, the approximate wholesale price range for Senegal margarine is between US$ 1.42 and US$ 3.92 per kilogram or between US$ 0.64 and US$ 1.78 per pound(lb).
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Senegal Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Senegal over the last five years has seen a steady decline. In 2012, the price was 2.00 US$ per kg, and in 2021 it was 2.10 US$ per kg. The lowest price was recorded in 2015, when it was 1.60 US$ per kg. Since then, the price has been gradually increasing, reaching 1.89 US$ per kg in 2019. In 2020, the price dropped slightly to 1.88 US$ per kg, before rising again to 2.10 US$ per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Margarine from Senegal in 2023 will be around 2.00 US$ per kg, and in 2024 it will be around 2.10 US$ per kg.The exports of margarine from Senegal are categorised as:
- Margarine (excluding liquid) (HS code 151710)
Senegal Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Senegal over the last five years has been relatively stable. In 2017, the price was $1.69, followed by $2.00 in 2018, $1.89 in 2019, $1.88 in 2020 and $2.10 in 2021. This indicates that the price has been fluctuating between $1.69 and $2.10 over the last five years. Looking ahead, it is likely that the price of Margarine will remain in the same range in the next two years, with a prediction of $2.00 for 2023 and $2.10 for 2024.Export values for Senegal margarine
The total values in export for margarine in Senegal were US$ 3,825, US$ 3,084, US$ 4,088 and US$ 2,740 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Senegal: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of margarine in other countries across Africa: Algeria margarine, Angola margarine, Botswana margarine, Burundi margarine, Cameroon margarine, Cape Verde margarine, Central African Republic margarine, Comoros margarine, DRC Congo margarine & Benin margarine.
Senegal margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Senegal exported 1,445 tonnes of margarine. For the year 2019 alone, the market for Senegal margarine (processed category) has reduced, changing by -29.547 pc compared to the year 2018. Between 2017 and 2019, margarine's exports decreased by -21.51% netting the nation US$2.74m for the year 2019. Senegal's margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
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Senegal margarine export values
In 2019, Senegal sold margarine valued at 2.74m USD, a drop of -32.97% from 2018's total margarine export of 4.088m USD. The yearly change in value of Senegal margarine between 2017 to 2018 was 32.555%.
The per year variation in the quantity of Senegal's margarine exports between 2017 and 2019 was -21.51 percent compared to a variation of -29.547% in the period between 2018 and 2019.
Senegal's share of the world's total margarine's exports in 2019 was less than 1%. The country is ranked number 61 in world exports of margarine.
Export markets for Senegal margarine ( in '000$ )
Senegal's top export markets for margarine are Mali, Guinea, the Gambia, United Kingdom (UK) and DRC Congo.
Import/Export Trends
Senegal is a net exporter of margarine. The annual growth of Senegal margarine in value between 2015 to 2019 was 184%, per year, while annual growth in quantity during the same period was 244%, per annum.
Senegal procured 222 tonnes of margarine in 2019.