Brown Rice Price in Kenya - 2021
Contents:
- Brown Rice Price in Kenya (CIF) - 2022
- Brown Rice Price in Kenya (FOB) - 2022
- Brown Rice Imports in Kenya
- Brown Rice Exports in Kenya
Brown Rice Price in Kenya (CIF) - 2022
The average brown rice import price stood at $414 per ton in 2022, rising by 15% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brown rice import price decreased by -42.1% against 2016 indices. The growth pace was the most rapid in 2015 when the average import price increased by 33%. The import price peaked at $714 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 the United Arab Emirates ($1,293 per ton), while the price for Tanzania ($154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Brown Rice Price in Kenya (FOB) - 2022
The average brown rice export price stood at $662 per ton in 2022, with a decrease of -8.6% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brown rice export price increased by +23.2% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 60%. As a result, the export price attained the peak level of $728 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($1,584 per ton), while the average price for exports to South Sudan amounted to $387 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+18.5%), while the prices for the other major destinations experienced mixed trend patterns.
Brown Rice Imports in Kenya
In 2022, purchases abroad of husked (brown) rice increased by 19% to 329 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt setback.
In value terms, brown rice imports soared to $136K in 2022. In general, imports, however, continue to indicate a deep downturn.
| Import of Brown Rice in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 128 | 93.7 | 92.6 | 95.5 | -9.3% |
| Thailand | 91.9 | 70.9 | 0.2 | 32.3 | -29.4% |
| Myanmar | 3.0 | 5.1 | 4.1 | 4.3 | 12.7% |
| India | 0.2 | 0.2 | 1.5 | 1.5 | 95.7% |
| Others | 2.5 | 2.1 | 1.5 | 2.4 | -1.4% |
| Total | 226 | 172 | 100 | 136 | -15.6% |
Top Suppliers of Brown Rice to Kenya in 2022:
- Pakistan (199.1 tons)
- Thailand (92.8 tons)
- Myanmar (24.3 tons)
- India (6.6 tons)
Brown Rice Exports in Kenya
Brown rice exports from Kenya fell sharply to 15 tons in 2022, waning by -24.9% on 2021 figures. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 when exports increased by 99% against the previous year.
In value terms, brown rice exports shrank significantly to $9.9K in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 169% against the previous year.
| Export of Brown Rice in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 9.2 | 3.3 | 5.8 | 5.2 | -17.3% |
| South Sudan | 14.0 | 1.8 | 4.8 | 4.4 | -32.0% |
| Oman | N/A | N/A | 2.5 | N/A | 0% |
| Others | 0.7 | 0.3 | 1.3 | 0.2 | -34.1% |
| Total | 24.0 | 5.3 | 14.4 | 9.9 | -25.6% |
Top Export Markets for Brown Rice from Kenya in 2022:
- South Sudan (11.5 tons)
- Uganda (3.3 tons)
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