Price for Cereal Groats; Meal and Pellets in Kenya - 2021

Contents:

1. Price for Cereal Groats; Meal and Pellets in Kenya (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Kenya (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Kenya
4. Exports of Cereal Groats; Meal and Pellets in Kenya

Price for Cereal Groats; Meal and Pellets in Kenya (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $166 per ton in 2022, approximately equating the previous year. Over the period under review, the import price, however, recorded a deep downturn. Over the period under review, average import prices hit record highs at $308 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($589 per ton), while the price for Uganda ($68 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats; Meal and Pellets in Kenya (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $386 per ton, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 118% against the previous year. Over the period under review, the average export prices hit record highs at $2,193 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($17,902 per ton), while the average price for exports to Tanzania ($174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+41.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats; Meal and Pellets in Kenya

In 2022, purchases abroad of cereal groats; meal and pelletses was finally on the rise to reach 29K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets imports reached $4.9M in 2022. Overall, imports, however, recorded a noticeable decrease.

Top Suppliers of Cereal Groats; Meal and Pellets to Kenya in 2022:

1. United States (20.7K tons)
2. Tanzania (2.3K tons)
3. South Africa (2.0K tons)
4. India (1.7K tons)
5. Uganda (1.4K tons)
6. Italy (0.7K tons)
7. Egypt (0.2K tons)

Exports of Cereal Groats; Meal and Pellets in Kenya

In 2022, exports of cereal groats; meal and pelletses from Kenya declined markedly to 6.8 tons, shrinking by -36.9% against the year before. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 301%. As a result, the exports attained the peak of 11 tons, and then shrank sharply in the following year.

In value terms, cereal groats; meal and pellets exports declined notably to $2.6K in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 280%. As a result, the exports reached the peak of $4.2K, and then plummeted in the following year.

Top Export Markets for Cereal Groats; Meal and Pellets from Kenya in 2022:

1. Tanzania (4.6 tons)
2. Saudi Arabia (1.5 tons)
3. Uganda (0.7 tons)

Source: IndexBox Market Intelligence Platform