Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya - 2022
Contents:
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (CIF) - 2022
- Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (FOB) - 2022
- Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya
- Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (CIF) - 2022
The average import price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $15,910 per ton in November 2021, almost unchanged from the previous month. Overall, the import price recorded a slight expansion. The import price peaked in November 2021.
As there is only one major supplying country, the average price level is determined by prices for India.
From May 2021 to November 2021, the rate of growth in terms of prices for India amounted to +1.0% per month.
Price for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (FOB) - 2022
The average export price for oil seeds; cotton seeds, other than seed, whether or not broken stood at $10,686 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, posted pronounced growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,894% against the previous year. As a result, the export price reached the peak level of $170,450 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($10,946 per ton), while the average price for exports to Italy totaled $8,168 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+3.7%).
Imports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya
In 2022, imports of oil seeds; cotton seeds, other than seed, whether or not broken into Kenya soared to 4.1K tons, rising by 1,265% compared with the previous year. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,488%. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of oil seeds; cotton seeds, other than seed, whether or not broken skyrocketed to $2M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 1,422% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | N/A | N/A | 1,664 | 0% |
| India | 5.5 | 504 | 307 | 335 | 293.5% |
| Uganda | 35.7 | 123 | 3.9 | 4.5 | -49.9% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 41.2 | 627 | 311 | 2,004 | 265.0% |
Top Suppliers of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken to Kenya in 2022:
- Tanzania (3.7K tons)
- India (0.4K tons)
Exports of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya
In 2022, approx. 3.8 tons of oil seeds; cotton seeds, other than seed, whether or not broken were exported from Kenya; picking up by 20% against the year before. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,785%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of oil seeds; cotton seeds, other than seed, whether or not broken soared to $41K in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 97%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 11.7 | 1.4 | 26.1 | 37.9 | 48.0% |
| Italy | N/A | N/A | N/A | 2.9 | 0% |
| South Sudan | N/A | N/A | 8.2 | N/A | 0% |
| Rwanda | 2.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 27.4 | N/A | N/A | 0% |
| Total | 14.6 | 28.8 | 34.3 | 40.8 | 40.9% |
Top Export Markets for Oil Seeds; Cotton Seeds, Other than Seed, Whether or Not Broken from Kenya in 2022:
- Uganda (3.5 tons)
- Italy (0.4 tons)
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