Kenya: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Kenya

The Kenyan margarine and shortening market totaled $X in 2022, growing by X% against the previous year. In general, consumption saw resilient growth. Margarine and shortening consumption peaked in 2022 and is expected to retain growth in years to come.

Margarine And Shortening Production in Kenya

In value terms, margarine and shortening production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Margarine and shortening production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from Kenya

In 2022, shipments abroad of margarine and shortening decreased by X% to X tons, falling for the second consecutive year after four years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, margarine and shortening exports contracted slightly to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Zambia (X tons) were the main destinations of margarine and shortening exports from Kenya, together comprising X% of total exports. Malawi, Rwanda, Zimbabwe and Mozambique lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for margarine and shortening exported from Kenya were Uganda ($X), Tanzania ($X) and Zambia ($X), together accounting for X% of total exports. Malawi, Rwanda, Zimbabwe and Mozambique lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mozambique, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average margarine and shortening export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Malawi ($X per ton) and Zimbabwe ($X per ton), while the average price for exports to Uganda ($X per ton) and Mozambique ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (X%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Kenya

In 2022, purchases abroad of margarine and shortening increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports posted a resilient increase. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest margarine and shortening supplier to Kenya, accounting for a X% share of total imports. Moreover, margarine and shortening imports from the United States exceeded the figures recorded by the second-largest supplier, Uganda (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Turkey (X% per year).

In value terms, the United States ($X) constituted the largest supplier of margarine and shortening to Kenya, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Uganda, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Uganda (X% per year).

Import Prices by Country

The average margarine and shortening import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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