Kenya - Millet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMillet Price in Kenya - 2021
Contents:
- Millet Price in Kenya (CIF) - 2022
- Millet Price in Kenya (FOB) - 2022
- Millet Imports in Kenya
- Millet Exports in Kenya
Millet Price in Kenya (CIF) - 2022
In 2022, the average millet import price amounted to $316 per ton, waning by -13.2% against the previous year. Over the period under review, the import price, however, recorded a temperate increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 75% against the previous year. As a result, import price attained the peak level of $547 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($344 per ton), while the price for Ethiopia totaled $120 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Millet Price in Kenya (FOB) - 2022
The average millet export price stood at $2,118 per ton in 2022, growing by 142% against the previous year. Over the period under review, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 189% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($2,191 per ton), while the average price for exports to Uganda stood at $864 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+3,666.8%), while the prices for the other major destinations experienced more modest paces of growth.
Millet Imports in Kenya
In 2022, after three years of growth, there was significant decline in supplies from abroad of millet, when their volume decreased by -9.3% to 19K tons. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 2,063%.
In value terms, millet imports declined notably to $6M in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,707% against the previous year.
| Import of Millet in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | 2.7 | 6.6 | 5.7 | 45.3% |
| Ethiopia | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Uganda | 0.1 | 0.5 | 0.6 | N/A | 144.9% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.2 | 3.4 | 7.6 | 6.0 | 210.7% |
Top Suppliers of Millet to Kenya in 2022:
- Tanzania (16.4K tons)
- Ethiopia (2.4K tons)
Millet Exports in Kenya
In 2022, approx. 106 tons of millet were exported from Kenya; rising by 72% compared with the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 79%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, millet exports surged to $224K in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Millet in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 12.7 | 25.7 | 3.0 | 219 | 158.4% |
| Uganda | 2.6 | 0.3 | 10.4 | 5.0 | 24.4% |
| United States | 17.9 | 29.4 | 22.6 | N/A | 12.4% |
| Israel | 7.1 | N/A | 9.5 | N/A | 15.7% |
| Saudi Arabia | 5.9 | 41.4 | 8.1 | N/A | 17.2% |
| Others | 0.1 | 0.8 | 0.1 | N/A | 0.0% |
| Total | 46.2 | 97.5 | 53.8 | 224 | 69.3% |
Top Export Markets for Millet from Kenya in 2022:
- Canada (99.9 tons)
- Uganda (5.8 tons)
This report provides an in-depth analysis of the millet market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 79 - Millet
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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