Price for Pectic Substances; Pectinates and Pectates in Kenya - 2021

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Kenya (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Kenya (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Kenya
4. Exports of Pectic Substances; Pectinates and Pectates in Kenya

Price for Pectic Substances; Pectinates and Pectates in Kenya (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $12,592 per ton, waning by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The import price peaked at $14,458 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Swaziland ($85,684 per ton), while the price for Egypt ($562 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+78.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Kenya (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $15,670 per ton, picking up by 5.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 64% against the previous year. The export price peaked at $19,381 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($28,284 per ton), while the average price for exports to Tanzania ($13,159 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 Rwanda (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pectic Substances; Pectinates and Pectates in Kenya

In 2022, approx. 72 tons of pectic substances; pectinates and pectateses were imported into Kenya; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 8.3%. As a result, imports reached the peak of 72 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pectic substances; pectinates and pectates imports contracted modestly to $908K in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 6.7%.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Kenya in 2022:

1. Denmark (19.3 tons)
2. Czech Republic (16.1 tons)
3. Germany (9.2 tons)
4. South Africa (2.6 tons)
5. Brazil (2.4 tons)
6. Egypt (1.6 tons)
7. Swaziland (1.1 tons)
8. China (0.5 tons)

Exports of Pectic Substances; Pectinates and Pectates in Kenya

In 2022, approx. 3.4 tons of pectic substances; pectinates and pectateses were exported from Kenya; dropping by -23.6% on the previous year's figure. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by 89%. As a result, the exports reached the peak of 4.4 tons, and then reduced dramatically in the following year.

In value terms, pectic substances; pectinates and pectates exports contracted dramatically to $53K in 2022. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63%. As a result, the exports attained the peak of $65K, and then fell dramatically in the following year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Kenya in 2022:

1. Tanzania (1470.0 kg)
2. Zambia (1456.0 kg)
3. Rwanda (306.0 kg)
4. Uganda (122.0 kg)

Source: IndexBox Market Intelligence Platform