Kenya - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Kenya - 2021
Contents:
- Vegetable Oils Price in Kenya (FOB) - 2022
- Vegetable Oils Price in Kenya (CIF) - 2022
- Vegetable Oils Exports in Kenya
- Vegetable Oils Imports in Kenya
Vegetable Oils Price in Kenya (FOB) - 2022
The average vegetable oils export price stood at $1,041 per ton in 2022, reducing by -13.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 43%. The export price peaked at $1,392 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($1,471 per ton), while the average price for exports to Mozambique ($147 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 Tanzania (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Oils Price in Kenya (CIF) - 2022
The average vegetable oils import price stood at $1,438 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a temperate expansion. The pace of growth was the most pronounced in 2018 an increase of 73%. Over the period under review, average import prices attained the peak figure at $2,009 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($4,380 per ton), while the price for Mauritius ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Exports in Kenya
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable fats and oils, when their volume decreased by -5.9% to 14K tons. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 74%.
In value terms, vegetable oils exports shrank significantly to $14M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year.
| Export of Vegetable Oils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 2.0 | 6.6 | 9.4 | 7.0 | 51.8% |
| Tanzania | 0.5 | 1.1 | 3.5 | 2.3 | 66.3% |
| South Sudan | 0.5 | 0.5 | 1.2 | 1.1 | 30.1% |
| Malawi | 0.1 | 0.3 | 0.6 | 0.6 | 81.7% |
| Uganda | 0.2 | 0.2 | 0.7 | 0.6 | 44.2% |
| Sudan | 0.4 | 0.5 | 0.3 | 0.5 | 7.7% |
| Ethiopia | 0.3 | 0.3 | 0.2 | 0.4 | 10.1% |
| Mozambique | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Zambia | 0.2 | 0.1 | 0.5 | 0.4 | 26.0% |
| Democratic Republic of the Congo | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.4 | 0.5 | 0.6 | 0.7 | 20.5% |
| Total | 5.2 | 10.9 | 17.6 | 14.2 | 39.8% |
Top Export Markets for Vegetable Oils from Kenya in 2022:
- Rwanda (5.6K tons)
- Mozambique (2.7K tons)
- Tanzania (1.6K tons)
- South Sudan (0.9K tons)
- Uganda (0.6K tons)
- Malawi (0.5K tons)
- Ethiopia (0.4K tons)
- Sudan (0.4K tons)
- Zambia (0.4K tons)
- Democratic Republic of the Congo (0.2K tons)
Vegetable Oils Imports in Kenya
In 2022, overseas purchases of vegetable fats and oils decreased by -45.9% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,040%. As a result, imports attained the peak of 25K tons, and then fell dramatically in the following year.
In value terms, vegetable oils imports fell sharply to $20M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,054%. As a result, imports reached the peak of $36M, and then fell rapidly in the following year.
| Import of Vegetable Oils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 2.1 | 25.3 | 11.5 | 89.1% |
| Denmark | 0.2 | 0.5 | 4.2 | 5.0 | 192.4% |
| Malaysia | 0.1 | 0.1 | 3.2 | 1.5 | 146.6% |
| Mauritius | N/A | 0.1 | 0.6 | 0.3 | 73.2% |
| Others | 0.3 | 0.3 | 2.7 | 1.3 | 63.0% |
| Total | 2.4 | 3.1 | 36.0 | 19.6 | 101.4% |
Top Suppliers of Vegetable Oils to Kenya in 2022:
- United States (10.1K tons)
- Denmark (1.1K tons)
- Malaysia (1.0K tons)
- Mauritius (0.6K tons)
This report provides an in-depth analysis of the vegetable oils market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vegetable oils market in Kenya.
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This report provides an in-depth analysis of the global vegetable oils market.
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This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
298
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
