Price for Cereals; Maize (Corn), Seed in Kenya - 2021
Contents:
- Price for Cereals; Maize (Corn), Seed in Kenya (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Kenya (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Kenya
- Exports of Cereals; Maize (Corn), Seed in Kenya
Price for Cereals; Maize (Corn), Seed in Kenya (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $924 per ton in 2022, growing by 2.9% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.8% against the previous year. Over the period under review, average import prices reached the maximum at $1,338 per ton in 2012; however, from 2013 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 South Africa ($4,749 per ton), while the price for Tanzania ($463 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Kenya (FOB) - 2022
The average cereals; maize (corn), seed export price stood at $1,708 per ton in 2022, remaining stable against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; maize (corn), seed export price decreased by +0.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 83% against the previous year. The export price peaked at $2,015 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($2,178 per ton), while the average price for exports to Uganda ($1,254 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 Uganda (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Kenya
In 2022, overseas purchases of cereals; maize (corn), seeds increased by 19% to 11K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt decline.
In value terms, cereals; maize (corn), seed imports surged to $10M in 2022. In general, imports, however, continue to indicate a abrupt slump.
Import of Cereals; Maize (Corn), Seed in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uganda | 10.6 | 8.1 | 5.6 | 4.2 | -26.6% |
Zambia | 3.0 | 3.0 | 1.9 | 3.2 | 2.2% |
South Africa | 0.4 | 0.4 | 0.4 | 1.2 | 44.2% |
Tanzania | 2.1 | 0.4 | 0.2 | 1.1 | -19.4% |
Mexico | N/A | N/A | N/A | 0.1 | 0% |
Others | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
Total | 16.3 | 12.2 | 8.4 | 10.3 | -14.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to Kenya in 2022:
- Uganda (6.7K tons)
- Tanzania (2.4K tons)
- Zambia (1.5K tons)
- South Africa (0.3K tons)
- Mexico (0.2K tons)
Exports of Cereals; Maize (Corn), Seed in Kenya
In 2022, exports of cereals; maize (corn), seeds from Kenya surged to 4.2K tons, increasing by 201% on the year before. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 234%. As a result, the exports attained the peak of 7K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; maize (corn), seed exports soared to $7.2M in 2022. Over the period under review, exports enjoyed a significant increase.
Export of Cereals; Maize (Corn), Seed in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Rwanda | 2.9 | 5.4 | 0.5 | 3.8 | 9.4% |
Uganda | 0.7 | 5.5 | 1.2 | 2.0 | 41.9% |
Tanzania | 0.5 | 1.0 | 0.6 | 1.1 | 30.1% |
Ethiopia | N/A | N/A | N/A | 0.3 | 0% |
Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
Total | 4.1 | 12.0 | 2.4 | 7.2 | 20.6% |
Top Export Markets for Cereals; Maize (Corn), Seed from Kenya in 2022:
- Rwanda (1747.8 tons)
- Uganda (1581.1 tons)
- Tanzania (643.3 tons)
- Ethiopia (220.5 tons)
This report provides an in-depth analysis of the maize market in Kenya.
This report provides an in-depth analysis of the grain market in Kenya.
This report provides an in-depth analysis of the global maize market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the maize market in Kenya.
This report provides an in-depth analysis of the global maize market.
Discover the key import markets for maize globally, including China, Mexico, Japan, and more. Learn about the demand drivers and trends shaping the maize trade.
The global maize market contracted to $404.6B in 2021, declining by -6.1% against the previous year.
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025.
In 2022, corn prices are projected to drop by approximately 10% y/y due to an expected all-time record high global production, which is to reach 1.2B tons. This forecast is subject to a number of risks, such as volatile fertilizer and energy prices, high freight rates, biofuel policies and weather conditions.
Driven by rising demand from the food industry and favourable weather, global corn production increased significantly in 2020. The rise in prices made the raw corn-based production of bioethanol unprofitable amid the low cost of traditional fuels due to the pandemic, resulting in the closure of some distilleries. In the future, the growing demand for alternative fuels is expected to offset this shift and promote the corn market.
Global Maize Market: In 2017, the global maize market amounted to X tons, posting solid average +X% gains over the last decade. Since 2013, consumption growth has accelerated, against rising demand and a long
The U.S. was the key world maize producing country with an output of about X tons in 2016, which accounted for X% of total global output. The other major producers were China (X%), Brazil (X%) and Ukraine (X>
Global maize consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
In 2015, the countries with the highest levels of maize production were the United States (X thousand tons), China (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.
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