Price for Cereal Groats and Meal; of Wheat in Kenya - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Kenya (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Kenya (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Kenya
4. Exports of Cereal Groats and Meal; of Wheat in Kenya

Price for Cereal Groats and Meal; of Wheat in Kenya (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $558 per ton, with an increase of 6.4% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 an increase of 19%. The import price peaked at $762 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 South Africa ($1,550 per ton), while the price for India ($249 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in Kenya (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $1,030 per ton in 2022, leveling off at the previous year. Overall, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 117%. Over the period under review, the average export prices attained the maximum at $1,888 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($1,233 per ton), while the average price for exports to Democratic Republic of the Congo ($1,015 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 Uganda (+6.1%).

Imports of Cereal Groats and Meal; of Wheat in Kenya

Imports of cereal groats and meal; of wheats into Kenya skyrocketed to 787 tons in 2022, jumping by 95% against 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 207%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of cereal groats and meal; of wheats soared to $439K in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 201%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Cereal Groats and Meal; of Wheat to Kenya in 2022:

1. Turkey (587.1 tons)
2. India (81.6 tons)
3. South Africa (60.6 tons)
4. United Arab Emirates (48.9 tons)

Exports of Cereal Groats and Meal; of Wheat in Kenya

For the fourth year in a row, Kenya recorded growth in shipments abroad of cereal groats and meal; of wheats, which increased by 9,033% to 55 tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats surged to $56K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from Kenya in 2022:

1. Democratic Republic of the Congo (50.9 tons)
2. Uganda (2.6 tons)
3. Rwanda (0.8 tons)

Source: IndexBox Market Intelligence Platform