Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya (FOB) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya (CIF) - 2022
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,538 per ton, dropping by -19.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 48%. Over the period under review, the average export prices reached the maximum at $2,033 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($3,729 per ton), while the average price for exports to Tanzania ($438 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 Angola (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,049 per ton, approximately mirroring the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2019 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum at $2,055 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,007 per ton), while the price for Indonesia ($1,327 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya

Exports of liquid margarine and edible mixtures of animal or vegetable fats from Kenya skyrocketed to 1.7K tons in 2022, picking up by 30% compared with the previous year's figure. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 92%. As a result, the exports attained the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats amounted to $2.6M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 90% against the previous year. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Kenya in 2022:

1. Tanzania (932.2 tons)
2. South Africa (533.1 tons)
3. Mozambique (141.2 tons)
4. Madagascar (61.9 tons)
5. Burundi (2.1 tons)
6. Rwanda (1.8 tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Kenya

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Kenya contracted sharply to 220 tons in 2022, with a decrease of -26.3% on the previous year. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 111%. As a result, imports attained the peak of 298 tons, and then contracted sharply in the following year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats fell significantly to $450K in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 110% against the previous year. As a result, imports attained the peak of $610K, and then shrank remarkably in the following year.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Kenya in 2022:

1. Malaysia (202.7 tons)
2. Indonesia (12.6 tons)
3. South Africa (1.8 tons)
4. Singapore (0.7 tons)
5. United Arab Emirates (0.3 tons)
6. Netherlands (0.1 tons)

Source: IndexBox Market Intelligence Platform