Cereals; Millet, Seed Price in Kenya - 2021
Contents:
- Cereals; Millet, Seed Price in Kenya (CIF) - 2022
- Cereals; Millet, Seed Price in Kenya (FOB) - 2022
- Cereals; Millet, Seed Imports in Kenya
- Cereals; Millet, Seed Exports in Kenya
Cereals; Millet, Seed Price in Kenya (CIF) - 2022
In 2022, the average cereals; millet, seed import price amounted to $374 per ton, surging by 22% against the previous year. Overall, import price indicated a prominent increase 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, cereals; millet, seed import price increased by +46.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 85% against the previous year. As a result, import price attained the peak level of $519 per ton. From 2015 to 2022, the average 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 India ($2,575 per ton), while the price for Uganda ($153 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in Kenya (FOB) - 2022
The average cereals; millet, seed export price stood at $588 per ton in 2022, with a decrease of -2.4% against the previous year. Overall, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2017 an increase of 579% against the previous year. As a result, the export price reached the peak level of $3,360 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($621 per ton), while the average price for exports to Uganda amounted to $177 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (-3.9%), while the prices for the other major destinations experienced a decline.
Cereals; Millet, Seed Imports in Kenya
After two years of decline, supplies from abroad of cereals; millet, seeds increased by 343% to 827 tons in 2022. Over the period under review, imports, however, faced a precipitous shrinkage.
In value terms, cereals; millet, seed imports surged to $310K in 2022. In general, imports, however, saw a abrupt slump.
| Import of Cereals; Millet, Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 280 | 363 | 42.3 | 213 | -8.7% |
| Ethiopia | 215 | 87.9 | 5.6 | 49.3 | -38.8% |
| India | 4.0 | 110 | 9.4 | 47.4 | 128.0% |
| Others | 1.1 | 1.2 | N/A | 0.2 | -43.3% |
| Total | 500 | 562 | 57.4 | 310 | -14.7% |
Top Suppliers of Cereals; Millet, Seed to Kenya in 2022:
- Tanzania (632.8 tons)
- Ethiopia (175.2 tons)
- India (18.4 tons)
Cereals; Millet, Seed Exports in Kenya
After three years of growth, overseas shipments of cereals; millet, seeds decreased by -13.9% to 17 tons in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 63%.
In value terms, cereals; millet, seed exports dropped remarkably to $10K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 88%.
| Export of Cereals; Millet, Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.9 | 4.4 | 11.9 | 10.0 | 51.1% |
| Uganda | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
| Israel | 1.2 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 3.5 | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 4.4 | 8.3 | 12.2 | 10.3 | 32.8% |
Top Export Markets for Cereals; Millet, Seed from Kenya in 2022:
- United States (16.1 tons)
- Uganda (1.3 tons)
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