Price for Cereals; Millet, Other than Seed in Kenya - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Kenya (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Kenya (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Kenya
- Exports of Cereals; Millet, Other than Seed in Kenya
Price for Cereals; Millet, Other than Seed in Kenya (CIF) - 2022
In December 2021, the average import price for cereals; millet, other than seeds amounted to $238 per ton, waning by -30.5% against the previous month. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 99% against the previous month. Over the period under review, average import prices reached the peak figure at $552 per ton in April 2021; however, from May 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Tanzania ($273 per ton), while the price for Ethiopia totaled $132 per ton.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Ethiopia (0.0%).
Price for Cereals; Millet, Other than Seed in Kenya (FOB) - 2022
In 2022, the average export price for cereals; millet, other than seeds amounted to $781 per ton, with a decrease of -22.5% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 125% against the previous year. The export price peaked at $1,008 per ton in 2021, and then fell rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +96.5% per year.
Imports of Cereals; Millet, Other than Seed in Kenya
For the fourth consecutive year, Kenya recorded growth in overseas purchases of cereals; millet, other than seeds, which increased by 4,410% to 19K tons in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports soared to $6M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 36.2 | 42.5 | 47.4 | 5,661 | 438.8% |
| Ethiopia | 17.9 | 24.4 | 44.1 | 291 | 153.3% |
| Uganda | 98.7 | 98.8 | 88.5 | N/A | -5.3% |
| Others | 32.2 | 26.5 | 19.8 | 26.9 | -5.8% |
| Total | 185 | 192 | 200 | 5,978 | 218.5% |
Top Suppliers of Cereals; Millet, Other than Seed to Kenya in 2022:
- Tanzania (16.4K tons)
- Ethiopia (2.4K tons)
Exports of Cereals; Millet, Other than Seed in Kenya
In 2022, the amount of cereals; millet, other than seeds exported from Kenya surged to 280 tons, increasing by 579% on the year before. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed exports soared to $219K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 27.4 | 14.8 | 0.2 | 219 | 99.9% |
| Uganda | 1.5 | 0.1 | 0.1 | N/A | -74.2% |
| Israel | N/A | N/A | 22.2 | N/A | 0% |
| Saudi Arabia | 12.8 | 12.8 | 18.9 | N/A | 21.5% |
| Others | 0.2 | 0.1 | 0.2 | N/A | 0.0% |
| Total | 41.8 | 27.8 | 41.6 | 219 | 73.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Kenya in 2022:
- Canada (280.2 tons)
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