Price for Cereal Groats and Meal; of Maize (Corn) in Kenya - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Kenya (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Kenya (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Kenya
- Exports of Cereal Groats and Meal; of Maize (Corn) in Kenya
Price for Cereal Groats and Meal; of Maize (Corn) in Kenya (CIF) - 2022
The average import price for cereal groats and meal; of maize (corn)s stood at $316 per ton in 2022, surging by 3% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 3.4% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($559 per ton), while the price for India ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Maize (Corn) in Kenya (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $802 per ton in 2022, surging by 158% against the previous year. In general, the export price recorded a measured expansion. The export price peaked at $1,865 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($7,822 per ton), while the average price for exports to Rwanda ($291 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 Canada (+44.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Maize (Corn) in Kenya
In 2022, approx. 4.2K tons of cereal groats and meal; of maize (corn)s were imported into Kenya; declining by -34.6% on 2021 figures. In general, imports faced a precipitous slump. The smallest decline of -19.7% was in 2020.
In value terms, imports of cereal groats and meal; of maize (corn)s shrank sharply to $1.3M in 2022. Over the period under review, imports faced a significant contraction. The smallest decline of -17.9% was in 2020.
| Import of Cereal Groats and Meal; of Maize (Corn) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | N/A | N/A | N/A | 1,246 | 0% |
| Turkey | 1,719 | 1,527 | 290 | 35.2 | -72.6% |
| India | 662 | 356 | 169 | 25.5 | -66.2% |
| United States | N/A | N/A | 1,490 | N/A | 0% |
| Tanzania | 277 | N/A | N/A | N/A | 0% |
| Others | 260 | 512 | 17.1 | 17.6 | -59.2% |
| Total | 2,918 | 2,395 | 1,966 | 1,325 | -23.1% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Kenya in 2022:
- Mozambique (4.0K tons)
- Turkey (0.1K tons)
- India (0.1K tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Kenya
In 2022, exports of cereal groats and meal; of maize (corn)s from Kenya surged to 20 tons, increasing by 95% against the year before. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 847%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of cereal groats and meal; of maize (corn)s soared to $16K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 780% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Cereal Groats and Meal; of Maize (Corn) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 7.8 | 0% |
| Rwanda | N/A | 0.4 | N/A | 5.1 | 257.1% |
| United Kingdom | N/A | N/A | N/A | 2.5 | 0% |
| France | 1.0 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 3.1 | N/A | 0% |
| Others | 1.0 | N/A | N/A | 0.3 | -33.1% |
| Total | 2.0 | 0.4 | 3.1 | 15.7 | 98.7% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Kenya in 2022:
- Rwanda (17.5 tons)
- Canada (1.0 tons)
- United Kingdom (0.9 tons)
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