Kenya: Pig Fat Market 2020

Pig Fat Market Size in Kenya

The revenue of the pig fat market in Kenya amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. Over the period under review, the pig fat market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Pig Fat Production in Kenya

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Over the period under review, pig fat production continues to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, pig fat production attained its peak level of $X, and then declined slightly in the following year.

Pig Fat Exports

Exports from Kenya

In 2018, the pig fat exports from Kenya amounted to X tonnes, surging by X% against the previous year. Over the period under review, pig fat exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, pig fat exports attained their maximum at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports amounted to $X in 2018. Overall, pig fat exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Sudan (X tonnes) was the main destination for pig fat exports from Kenya, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual growth rate of volume to Sudan stood at -X%.

In value terms, Sudan ($X) also remains the key foreign market for pig fat exports from Kenya.

From 2007 to 2018, the average annual rate of growth in terms of value to Sudan totaled +X%.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per tonne, lowering by -X% against the previous year. Over the period under review, the pig fat export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. In that year, the average export prices for pig fat attained their peak level of $X per tonne, and then declined slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2007 to 2018, the rate of growth in terms of prices for Sudan amounted to +X% per year.

Pig Fat Imports

Imports into Kenya

In 2018, the pig fat imports into Kenya amounted to X kg, dropping by -X% against the previous year. Overall, pig fat imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2015 when imports decreased by -X% y-o-y. Imports peaked at X kg in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports continue to indicate a drastic curtailment. The pace of growth was the most pronounced in 2015 with a decrease of -X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Source: IndexBox Platform