Price for Soya Beans; Seed, Whether or Not Broken in Kenya - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Kenya (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Kenya (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Kenya
- Exports of Soya Beans; Seed, Whether or Not Broken in Kenya
Price for Soya Beans; Seed, Whether or Not Broken in Kenya (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $343 per ton, dropping by -21% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 48%. The import price peaked at $553 per ton in 2020; however, from 2021 to 2022, import prices stood 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 Malawi ($1,200 per ton), while the price for Tanzania ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in Kenya (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $1,764 per ton, rising by 159% against the previous year. Over the period under review, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Sudan.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +49.3% per year.
Imports of Soya Beans; Seed, Whether or Not Broken in Kenya
For the third year in a row, Kenya recorded decline in purchases abroad of soya beans; seed, whether or not brokens, which decreased by -19.6% to 1.4K tons in 2022. In general, imports saw a drastic downturn. The smallest decline of -3% was in 2021.
In value terms, imports of soya beans; seed, whether or not brokens fell notably to $481K in 2022. Over the period under review, imports saw a dramatic downturn. The smallest decline of -19.3% was in 2020.
Import of Soya Beans; Seed, Whether or Not Broken in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tanzania | 913 | 50.4 | 629 | 342 | -27.9% |
Zambia | N/A | N/A | N/A | 78.3 | 0% |
Uganda | 17.2 | 2.4 | 27.3 | 60.6 | 52.2% |
Ethiopia | 23.8 | 2.3 | 17.9 | N/A | -13.3% |
Malawi | 237 | 6.1 | 58.2 | N/A | -50.4% |
Ukraine | N/A | 930 | N/A | N/A | 0% |
Others | 41.2 | 3.4 | 25.3 | N/A | -21.6% |
Total | 1,232 | 995 | 758 | 481 | -26.9% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Kenya in 2022:
- Tanzania (1155.0 tons)
- Zambia (163.9 tons)
- Uganda (84.0 tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Kenya
In 2022, overseas shipments of soya beans; seed, whether or not brokens decreased by -97.7% to 3 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 93%. As a result, the exports attained the peak of 166 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of soya beans; seed, whether or not brokens reduced dramatically to $5.3K in 2022. Over the period under review, exports recorded a dramatic descent. The smallest decline of -1.8% was in 2020.
Export of Soya Beans; Seed, Whether or Not Broken in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Sudan | N/A | N/A | N/A | 5.3 | 0% |
Uganda | 10.9 | 56.8 | 81.0 | N/A | 172.6% |
Rwanda | 76.2 | 32.2 | 3.6 | N/A | -78.3% |
South Africa | 5.4 | 2.5 | 0.4 | N/A | -72.8% |
Others | 0.6 | N/A | 3.2 | N/A | 130.9% |
Total | 93.2 | 91.5 | 88.3 | 5.3 | -61.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Kenya in 2022:
- South Sudan (3.0 tons)
This report provides an in-depth analysis of the soya bean market in Kenya.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Kenya.
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