Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya - 2022

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya (CIF) - 2022

In 2022, the average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $111 per ton, declining by -26.7% against the previous year. Overall, the import price saw a drastic downturn. The growth pace was the most rapid in 2017 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $401 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -13.5% per year.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $1,011 per ton, increasing by 141% against the previous year. Overall, the export price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 253% against the previous year. As a result, the export price reached the peak level of $1,891 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($3,772 per ton), while the average price for exports to Ethiopia ($500 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 Somalia (-10.4%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya

In 2022, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) into Kenya surged to 162 tons, with an increase of 47% on the previous year. Over the period under review, imports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) expanded notably to $18K in 2022. In general, imports, however, faced a sharp slump. The growth pace was the most rapid in 2021 with an increase of 8.6% against the previous year.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Kenya in 2022:

1. Ethiopia (162.0 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Kenya

In 2022, shipments abroad of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) was finally on the rise to reach 1.9 tons after two years of decline. In general, exports, however, continue to indicate a dramatic downturn.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $1.9K in 2022. Over the period under review, exports, however, saw a pronounced descent.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Kenya in 2022:

1. South Sudan (1600.0 kg)
2. South Africa (272.0 kg)
3. Ethiopia (56.0 kg)

Source: IndexBox Market Intelligence Platform