Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya - 2022
Contents:
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (FOB) - 2022
- Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (CIF) - 2022
- Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya
- Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (FOB) - 2022
The average export price for oil seeds; castor oil seeds, whether or not brokens stood at $2,597 per ton in December 2021, surging by 29% against the previous month. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in June 2021 an increase of 363% against the previous month. Over the period under review, the average export prices attained the maximum at $3,775 per ton in August 2021; however, from September 2021 to December 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From January 2021 to December 2021, the rate of growth in terms of prices for China amounted to +9.0% per month.
Price for Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (CIF) - 2022
The average import price for oil seeds; castor oil seeds, whether or not brokens stood at $485 per ton in 2022, with a decrease of -39.7% against the previous year. In general, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 121% against the previous year. As a result, import price attained the peak level of $2,136 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ethiopia ($532 per ton), while the price for India totaled $480 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.9%).
Exports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya
For the fourth year in a row, Kenya recorded growth in overseas shipments of oil seeds; castor oil seeds, whether or not brokens, which increased by 72% to 404 tons in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 256%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of oil seeds; castor oil seeds, whether or not brokens skyrocketed to $768K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 390%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 96.2 | 51.8 | 428 | 668 | 90.8% |
| India | N/A | 35.5 | N/A | 98.1 | 66.2% |
| Others | N/A | N/A | N/A | 2.1 | 0% |
| Total | 96.2 | 87.3 | 428 | 768 | 99.9% |
Top Export Markets for Oil Seeds; Castor Oil Seeds, Whether or Not Broken from Kenya in 2022:
- China (317.6 tons)
- India (84.2 tons)
Imports of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya
Imports of oil seeds; castor oil seeds, whether or not brokens into Kenya surged to 1.3K tons in 2022, growing by 47,991% on the previous year. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; castor oil seeds, whether or not brokens surged to $621K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Castor Oil Seeds, Whether or Not Broken in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 2.2 | 1.1 | 552 | 1013.3% |
| Ethiopia | N/A | N/A | N/A | 68.1 | 0% |
| Others | 2.6 | 0.4 | 1.0 | N/A | -38.0% |
| Total | 3.1 | 2.6 | 2.1 | 621 | 485.1% |
Top Suppliers of Oil Seeds; Castor Oil Seeds, Whether or Not Broken to Kenya in 2022:
- India (1150.3 tons)
- Ethiopia (128.0 tons)
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