Price for Flours and Meals; of Soya Beans in Kenya - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Kenya (FOB) - 2022
2. Price for Flours and Meals; of Soya Beans in Kenya (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Kenya
4. Imports of Flours and Meals; of Soya Beans in Kenya

Price for Flours and Meals; of Soya Beans in Kenya (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $801 per ton, dropping by -32.9% against the previous year. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 251%. As a result, the export price reached the peak level of $1,194 per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($3,521 per ton), while the average price for exports to Burkina Faso ($728 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 (+28.6%).

Price for Flours and Meals; of Soya Beans in Kenya (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,285 per ton in 2022, increasing by 109% against the previous year. Over the period under review, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($1,422 per ton), while the price for India ($1,058 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Kenya

Exports of flours and meals; of soya beanses from Kenya skyrocketed to 242 tons in 2022, increasing by 1,767% against 2021. Overall, exports enjoyed 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 flours and meals; of soya beanses soared to $194K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flours and Meals; of Soya Beans from Kenya in 2022:

1. Burkina Faso (175.5 tons)
2. Somalia (33.4 tons)
3. Cameroon (25.0 tons)
4. Mozambique (7.6 tons)
5. Uganda (0.5 tons)

Imports of Flours and Meals; of Soya Beans in Kenya

For the third year in a row, Kenya recorded decline in overseas purchases of flours and meals; of soya beanses, which decreased by -96% to 37 tons in 2022. Over the period under review, imports recorded a significant decrease. The smallest decline of -42.2% was in 2020.

In value terms, imports of flours and meals; of soya beanses fell dramatically to $48K in 2022. In general, imports saw a precipitous decrease. The smallest decline of -37.1% was in 2020.

Top Suppliers of Flours and Meals; of Soya Beans to Kenya in 2022:

1. Serbia (22.1 tons)
2. Turkey (9.4 tons)
3. India (5.8 tons)

Source: IndexBox Market Intelligence Platform