Cereals; Rye, Seed Price in Kenya - 2022

Contents:

  1. Cereals; Rye, Seed Price in Kenya (FOB) - 2022
  2. Cereals; Rye, Seed Price in Kenya (CIF) - 2022
  3. Cereals; Rye, Seed Exports in Kenya
  4. Cereals; Rye, Seed Imports in Kenya

Cereals; Rye, Seed Price in Kenya (FOB) - 2022

In 2021, the average cereals; rye, seed export price amounted to $1,504 per ton, approximately equating the previous year. Over the period under review, the export price showed a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price decreased by 99.9%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2017 to 2021, the rate of growth in terms of prices for Uganda amounted to 0.0% per year.

Cereals; Rye, Seed Price in Kenya (CIF) - 2022

The average cereals; rye, seed import price stood at $775 per ton in 2022, which is down by -21.3% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the maximum at $986 per ton in 2021, and then declined rapidly in the following year.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +9.9% per year.

Cereals; Rye, Seed Exports in Kenya

Cereals; rye, seed exports from Kenya amounted to 10 tons in 2021, almost unchanged from 2020. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, cereals; rye, seed exports totaled $15K in 2021. In general, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Export of Cereals; Rye, Seed in Kenya (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
CanadaN/AN/A15.00%
Nigeria3.9N/AN/A0%
Ethiopia0.2N/AN/A0%
OthersN/AN/AN/A0%
Total4.0N/A15.093.6%

Top Export Markets for Cereals; Rye, Seed from Kenya in 2022:

  1. Canada (10.0 tons)

Cereals; Rye, Seed Imports in Kenya

In 2022, after three years of growth, there was decline in purchases abroad of cereals; rye, seeds, when their volume decreased by -4.5% to 3.9 tons. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of 4 tons, and then contracted in the following year.

In value terms, cereals; rye, seed imports reduced rapidly to $3K in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 122% against the previous year.

Import of Cereals; Rye, Seed in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom0.92.04.03.049.4%
New ZealandN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total0.92.04.03.049.4%

Top Suppliers of Cereals; Rye, Seed to Kenya in 2022:

  1. United Kingdom (3.9 tons)

Source: IndexBox Market Intelligence Platform

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