Price for Cereals; Rye, Other than Seed in Kenya - 2022
Contents:
- Price for Cereals; Rye, Other than Seed in Kenya (FOB) - 2022
- Price for Cereals; Rye, Other than Seed in Kenya (CIF) - 2022
- Exports of Cereals; Rye, Other than Seed in Kenya
- Imports of Cereals; Rye, Other than Seed in Kenya
Price for Cereals; Rye, Other than Seed in Kenya (FOB) - 2022
The average export price for cereals; rye, other than seeds stood at $921 per ton in December 2021, shrinking by -8.8% against the previous month. In general, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 167% m-o-m. As a result, the export price reached the peak level of $1,010 per ton, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($996 per ton), while the average price for exports to Saudi Arabia ($411 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Rye, Other than Seed in Kenya (CIF) - 2022
The average import price for cereals; rye, other than seeds stood at $278 per ton in 2022, shrinking by -84.6% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87% against the previous year. The import price peaked at $1,807 per ton in 2021, and then fell markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +4.1% per year.
Exports of Cereals; Rye, Other than Seed in Kenya
Cereals; rye, other than seed exports from Kenya contracted remarkably to 2.6K tons in 2022, declining by -45.9% on the previous year's figure. Overall, exports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. As a result, the exports attained the peak of 4.9K tons, and then dropped remarkably in the following year.
In value terms, cereals; rye, other than seed exports contracted remarkably to $1.4M in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 208% against the previous year. As a result, the exports attained the peak of $2.6M, and then dropped markedly in the following year.
| Export of Cereals; Rye, Other than Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.6 | 51.1 | 57.0 | 1,099 | 313.0% |
| Israel | 427 | 622 | 2,132 | 196 | -22.9% |
| United States | 11.4 | 7.9 | 71.7 | 73.4 | 86.0% |
| Netherlands | N/A | N/A | N/A | 24.5 | 0% |
| Saudi Arabia | 87.0 | 135 | 105 | 23.4 | -35.4% |
| Democratic Republic of the Congo | N/A | N/A | 158 | N/A | 0% |
| Others | 15.4 | 16.9 | 40.8 | N/A | 62.8% |
| Total | 556 | 832 | 2,564 | 1,416 | 36.6% |
Top Export Markets for Cereals; Rye, Other than Seed from Kenya in 2022:
- Canada (2185.9 tons)
- Israel (239.0 tons)
- Saudi Arabia (80.4 tons)
- United States (80.1 tons)
- Netherlands (40.2 tons)
Imports of Cereals; Rye, Other than Seed in Kenya
In 2022, after two years of decline, there was significant growth in purchases abroad of cereals; rye, other than seeds, when their volume increased by 6,266% to 25 tons. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; rye, other than seed imports soared to $7K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Rye, Other than Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | N/A | N/A | 6.9 | 0% |
| Uganda | 3.3 | 2.0 | 0.6 | N/A | -57.4% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 3.5 | 2.1 | 0.7 | 7.0 | 26.0% |
Top Suppliers of Cereals; Rye, Other than Seed to Kenya in 2022:
- Tanzania (25.0 tons)
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