Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,804 per ton, with a decrease of -8.3% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 60% against the previous year. As a result, import price reached the peak level of $9,777 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
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 Germany ($14,507 per ton), while the price for Mauritania ($1,144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+313.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $765 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 an increase of 235%. The export price peaked at $1,204 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +12.4% per year.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s imported into Kenya skyrocketed to 36 tons, picking up by 376% against 2021 figures. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $101K in 2022. Over the period under review, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 11.6 | 17.5 | 13.9 | 73.9 | 85.4% |
| Mauritania | N/A | N/A | N/A | 22.3 | 0% |
| Germany | 6.8 | 3.5 | 2.1 | 1.1 | -45.5% |
| United States | 50.5 | 0.1 | 0.1 | 0.1 | -87.4% |
| Norway | N/A | N/A | 2.2 | N/A | 0% |
| Netherlands | N/A | N/A | 2.4 | N/A | 0% |
| Others | 4.1 | 0.4 | 2.3 | 3.5 | -5.1% |
| Total | 73.0 | 21.5 | 23.1 | 101 | 11.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Kenya in 2022:
- Mauritania (19.5 tons)
- Iceland (16.1 tons)
- Germany (0.1 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya
In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -37.2% to 81 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s reduced notably to $62 in 2022. Overall, exports showed a sharp contraction.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Somalia | 0.6 | 1.0 | N/A | N/A | 66.7% |
| Rwanda | 3.8 | 5.6 | 0.1 | N/A | -83.8% |
| Democratic Republic of the Congo | 9.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.4 | 6.8 | 0.1 | 0.1 | -80.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Kenya in 2022:
- United States (81.0 kg)
426
This report provides an in-depth analysis of the market for fish fat and oil in Kenya.
809
This report provides an in-depth analysis of the global market for fish fat and oil.
426
This report provides an in-depth analysis of the market for fish fat and oil in Kenya.
809
This report provides an in-depth analysis of the global market for fish fat and oil.
616
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
