Non-Liquid Margarine Price in Kenya - 2021
Contents:
- Non-Liquid Margarine Price in Kenya (FOB) - 2022
- Non-Liquid Margarine Price in Kenya (CIF) - 2022
- Non-Liquid Margarine Exports in Kenya
- Non-Liquid Margarine Imports in Kenya
Non-Liquid Margarine Price in Kenya (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,835 per ton, with a decrease of -5.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20% against the previous year. The export price peaked at $1,948 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($2,767 per ton), while the average price for exports to Democratic Republic of the Congo ($1,414 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 Zimbabwe (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Kenya (CIF) - 2022
In 2022, the average non-liquid margarine import price amounted to $1,447 per ton, flattening at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $1,496 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Belgium ($3,154 per ton), while the price for Uganda ($497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Kenya
Non-liquid margarine exports from Kenya fell slightly to 21K tons in 2022, dropping by -2.3% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 5% against the previous year. As a result, the exports reached the peak of 22K tons, and then reduced in the following year.
In value terms, non-liquid margarine exports reduced to $39M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports reached the peak of $42M, and then declined in the following year.
| Export of Non-Liquid Margarine in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 12.9 | 13.4 | 14.6 | 13.4 | 1.3% |
| Tanzania | 7.8 | 9.0 | 11.0 | 9.0 | 4.9% |
| Malawi | 4.6 | 4.5 | 4.8 | 4.5 | -0.7% |
| Zambia | 4.5 | 4.3 | 4.2 | 4.0 | -3.9% |
| Rwanda | 1.8 | 1.4 | 2.5 | 2.5 | 11.6% |
| Zimbabwe | 0.7 | 1.4 | 2.2 | 2.5 | 52.9% |
| Mozambique | 1.0 | 0.4 | 1.2 | 1.2 | 6.3% |
| Democratic Republic of the Congo | 0.5 | 0.5 | 1.1 | 1.0 | 26.0% |
| Others | 0.3 | 0.6 | 0.8 | 0.9 | 44.2% |
| Total | 34.2 | 35.6 | 42.3 | 38.9 | 4.4% |
Top Export Markets for Non-Liquid Margarine from Kenya in 2022:
- Uganda (9.0K tons)
- Tanzania (3.8K tons)
- Zambia (2.5K tons)
- Malawi (2.1K tons)
- Rwanda (1.0K tons)
- Zimbabwe (0.9K tons)
- Mozambique (0.8K tons)
- Democratic Republic of the Congo (0.7K tons)
Non-Liquid Margarine Imports in Kenya
In 2022, imports of non-liquid margarine into Kenya shrank sharply to 227 tons, which is down by -21.4% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of 289 tons, and then reduced markedly in the following year.
In value terms, non-liquid margarine imports reduced dramatically to $329K in 2022. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. As a result, imports reached the peak of $425K, and then shrank remarkably in the following year.
| Import of Non-Liquid Margarine in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 91.9 | 36.7 | 54.6 | 112 | 6.8% |
| Turkey | 95.5 | 51.3 | 97.4 | 65.9 | -11.6% |
| Indonesia | 86.9 | 66.6 | 85.3 | 57.7 | -12.8% |
| Egypt | 44.8 | 17.5 | 62.8 | 36.9 | -6.3% |
| Malaysia | 28.3 | 22.2 | 29.2 | 20.2 | -10.6% |
| Uganda | 21.7 | 17.2 | 22.6 | 16.3 | -9.1% |
| Germany | 16.2 | 12.9 | 17.3 | 12.3 | -8.8% |
| Others | 19.6 | 8.5 | 55.8 | 7.7 | -26.8% |
| Total | 405 | 233 | 425 | 329 | -6.7% |
Top Suppliers of Non-Liquid Margarine to Kenya in 2022:
- Indonesia (87.4 tons)
- Belgium (35.5 tons)
- Uganda (32.8 tons)
- Malaysia (25.4 tons)
- Turkey (23.1 tons)
- Egypt (13.6 tons)
- Germany (6.4 tons)
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