Kenya: Oil Crops Market 2024

Oil Crops Market Size in Kenya

The Kenyan oil crops market totaled $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Oil Crops Production in Kenya

In value terms, oil crops production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Oil crops production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of oil crops (primary) in Kenya expanded significantly to X kg per ha, surging by X% against the previous year's figure. In general, the yield, however, saw a noticeable descent. The growth pace was the most rapid in 2015 when the yield increased by X%. The oil crops yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of oil crops (primary) in Kenya was estimated at X ha, stabilizing at the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The oil crops harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Oil Crops Exports

Exports from Kenya

In 2022, the amount of oil crops (primary) exported from Kenya fell remarkably to X tons, which is down by X% against 2021 figures. In general, exports, however, recorded a notable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, oil crops exports rose markedly to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for oil crops exports from Kenya, with a X% share of total exports. Moreover, oil crops exports to Turkey exceeded the volume sent to the second major destination, China (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for oil crops (primary) exports from Kenya, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Yemen ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Kenya

Oil crops imports into Kenya skyrocketed to X tons in 2022, jumping by X% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, oil crops imports skyrocketed to $X in 2022. Overall, imports recorded tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest supplier of oil crops to Kenya, with a X% share of total imports. Moreover, oil crops imports from Tanzania exceeded the figures recorded by the second-largest supplier, Uganda (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and India (X% per year).

In value terms, the largest oil crops suppliers to Kenya were India ($X), Tanzania ($X) and Uganda ($X), with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oil crops import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :