Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya - 2022

Contents:

1. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya (CIF) - 2022
2. Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya (FOB) - 2022
3. Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya
4. Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya (CIF) - 2022

The average import price for flour and meal; of sago, roots or tubers of heading no. 0714 stood at $2,766 per ton in 2022, growing by 143% against the previous year. Overall, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Rwanda ($18,500 per ton), while the price for Ghana ($2,331 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya (FOB) - 2022

In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $1,832 per ton, with an increase of 36% against the previous year. Overall, the export price posted strong growth. Over the period under review, the average export prices reached the maximum at $2,528 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($3,910 per ton), while the average price for exports to the United States ($1,789 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 Australia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya

For the third year in a row, Kenya recorded decline in overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714, which decreased by -48.9% to 2.5 tons in 2022. In general, imports continue to indicate a sharp setback. The smallest decline of -39.1% was in 2020.

In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 skyrocketed to $7K in 2022. Over the period under review, imports recorded a dramatic setback.

Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Kenya in 2022:

1. Ghana (1271.0 kg)
2. India (922.0 kg)
3. United States (347.0 kg)

Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Kenya

In 2022, approx. 3.5 tons of flour and meal; of sago, roots or tubers of heading no. 0714 were exported from Kenya; with an increase of 927% on the year before. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 surged to $6.5K in 2022. Over the period under review, 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 Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Kenya in 2022:

1. United States (1921.0 kg)
2. Sweden (750.0 kg)
3. South Sudan (196.0 kg)
4. Canada (116.0 kg)
5. Australia (100.0 kg)

Source: IndexBox Market Intelligence Platform