Price for Oil Seeds; Linseed, Whether or Not Broken in Kenya - 2023
Contents:
- Price for Oil Seeds; Linseed, Whether or Not Broken in Kenya (CIF) - 2022
- Price for Oil Seeds; Linseed, Whether or Not Broken in Kenya (FOB) - 2022
- Imports of Oil Seeds; Linseed, Whether or Not Broken in Kenya
- Exports of Oil Seeds; Linseed, Whether or Not Broken in Kenya
Price for Oil Seeds; Linseed, Whether or Not Broken in Kenya (CIF) - 2022
In 2022, the average import price for oil seeds; linseed, whether or not brokens amounted to $1,833 per ton, jumping by 24% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for oil seeds; linseed, whether or not brokens increased by +82.5% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,147 per ton), while the price for the UK ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Oil Seeds; Linseed, Whether or Not Broken in Kenya (FOB) - 2022
The average export price for oil seeds; linseed, whether or not brokens stood at $2,402 per ton in 2022, with an increase of 88% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 174% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($3,167 per ton), while the average price for exports to Canada ($1,300 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 (+24.4%), while the prices for the other major destinations experienced a decline.
Imports of Oil Seeds; Linseed, Whether or Not Broken in Kenya
In 2022, approx. 36 tons of oil seeds; linseed, whether or not brokens were imported into Kenya; picking up by 121% on the year before. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of oil seeds; linseed, whether or not brokens surged to $67K in 2022. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Oil Seeds; Linseed, Whether or Not Broken in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.4 | 6.3 | 10.4 | 46.2 | 168.0% |
| China | 1.3 | 2.2 | 3.0 | 7.5 | 79.4% |
| United Kingdom | 7.5 | 10.7 | 8.3 | 7.4 | -0.4% |
| Germany | 4.3 | 3.3 | 1.5 | 4.8 | 3.7% |
| United Arab Emirates | 3.6 | 1.6 | 0.6 | 0.1 | -69.7% |
| Russia | N/A | 7.9 | N/A | N/A | 0% |
| Others | 0.5 | 0.5 | 0.6 | 0.8 | 17.0% |
| Total | 19.6 | 32.5 | 24.3 | 66.7 | 50.4% |
Top Suppliers of Oil Seeds; Linseed, Whether or Not Broken to Kenya in 2022:
- India (25.4 tons)
- United Kingdom (6.1 tons)
- China (3.1 tons)
- Germany (1.5 tons)
- United Arab Emirates (0.1 tons)
Exports of Oil Seeds; Linseed, Whether or Not Broken in Kenya
After three years of growth, overseas shipments of oil seeds; linseed, whether or not brokens decreased by -79.5% to 351 kg in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports reached the peak of 1.7 tons, and then reduced markedly in the following year.
In value terms, exports of oil seeds; linseed, whether or not brokens declined significantly to $843 in 2022. In general, exports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of $2.2K, and then dropped rapidly in the following year.
| Export of Oil Seeds; Linseed, Whether or Not Broken in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 498 | 1,009 | 664 | 637 | 8.6% |
| Canada | 52.0 | 72.0 | 77.0 | 130 | 35.7% |
| Rwanda | 2.0 | 54.0 | 49.0 | 76.0 | 236.2% |
| Norway | 234 | N/A | N/A | N/A | 0% |
| South Sudan | N/A | N/A | 879 | N/A | 0% |
| Others | N/A | N/A | 523 | N/A | 0% |
| Total | 786 | 1,135 | 2,192 | 843 | 2.4% |
Top Export Markets for Oil Seeds; Linseed, Whether or Not Broken from Kenya in 2022:
- Uganda (227.0 kg)
- Canada (100.0 kg)
- Rwanda (24.0 kg)
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