Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya - 2022

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya (FOB) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya (CIF) - 2022
3. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya
4. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya (FOB) - 2022

In 2022, the average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $1,198 per ton, dropping by -47% against the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 143% against the previous year. Over the period under review, the average export prices attained the maximum at $4,107 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($25,600 per ton), while the average price for exports to Tanzania ($1,144 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 Rwanda (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya (CIF) - 2022

In 2022, the average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses amounted to $527 per ton, which is down by -50.6% against the previous year. Overall, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 89%. Over the period under review, average import prices reached the peak figure at $1,669 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Tanzania ($1,095 per ton), while the price for Zambia totaled $487 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+6.6%).

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya

Exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses from Kenya soared to 32 tons in 2022, picking up by 191% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $39K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 284%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Kenya in 2022:

1. Tanzania (32.4 tons)
2. Somalia (0.1 tons)

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Kenya

In 2022, approx. 4.5 tons of cereal grains; rolled or flaked, of cereals excluding barley and oatses were imported into Kenya; which is down by -77.7% on the previous year's figure. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 997% against the previous year. As a result, imports reached the peak of 20 tons, and then dropped rapidly in the following year.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses dropped rapidly to $2.4K in 2022. In general, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 with an increase of 600%. As a result, imports attained the peak of $21K, and then shrank rapidly in the following year.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Kenya in 2022:

1. Zambia (4.3 tons)
2. Tanzania (0.2 tons)

Source: IndexBox Market Intelligence Platform