Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,976 per ton, with a decrease of -19.7% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. As a result, import price reached the peak level of $3,426 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 the United Arab Emirates ($5,729 per ton), while the price for Bosnia and Herzegovina ($615 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 States (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,385 per ton, dropping by -28.8% against the previous year. In general, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 25% against the previous year. As a result, the export price attained the peak level of $4,569 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($2,468 per ton), while the average price for exports to Democratic Republic of the Congo ($252 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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya
After three years of growth, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -74.6% to 1.1K tons in 2022. In general, imports saw a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of 4.4K tons, and then declined sharply in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses plummeted to $2.2M in 2022. Over the period under review, imports showed a sharp slump. The pace of growth was the most pronounced in 2021 when imports increased by 7.2% against the previous year. As a result, imports attained the peak of $11M, and then declined markedly in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 642 | 471 | 1,153 | 1,206 | 23.4% |
| Spain | 3,300 | 3,563 | 4,866 | 350 | -52.7% |
| United States | 307 | 151 | 344 | 181 | -16.1% |
| United Arab Emirates | 61.3 | 10.1 | 30.6 | 178 | 42.7% |
| South Africa | 575 | 809 | 488 | 121 | -40.5% |
| Egypt | 61.2 | 71.6 | 92.5 | 38.7 | -14.2% |
| Bosnia and Herzegovina | N/A | N/A | N/A | 23.9 | 0% |
| Cote d'Ivoire | 3,476 | 700 | 343 | N/A | -68.6% |
| Others | 2,189 | 4,329 | 3,518 | 112 | -62.9% |
| Total | 10,612 | 10,104 | 10,835 | 2,211 | -40.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Kenya in 2022:
- Turkey (509.1 tons)
- Spain (258.8 tons)
- United States (185.3 tons)
- Bosnia and Herzegovina (38.9 tons)
- Egypt (35.1 tons)
- United Arab Emirates (31.1 tons)
- South Africa (30.8 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya
After two years of decline, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses increased by 4,490% to 194 tons in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $461K in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 0.4 | 2.4 | 2.6 | 455 | 943.9% |
| United Arab Emirates | N/A | N/A | 0.1 | 2.6 | 2500.0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 1.2 | 0% |
| Zimbabwe | 4.5 | 1.6 | 1.1 | N/A | -50.6% |
| Ethiopia | 6.3 | 1.8 | 1.0 | N/A | -60.2% |
| United Kingdom | 19.5 | 6.4 | 4.0 | N/A | -54.7% |
| Others | 14.6 | 5.1 | 5.4 | 2.4 | -45.2% |
| Total | 45.3 | 17.3 | 14.1 | 461 | 116.7% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Kenya in 2022:
- Rwanda (184.5 tons)
- Democratic Republic of the Congo (4.6 tons)
- United Arab Emirates (3.2 tons)
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