Price for Protein; Concentrates and Textured Protein Substances in Kenya - 2023
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Kenya (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Kenya (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Kenya
- Exports of Protein; Concentrates and Textured Protein Substances in Kenya
Price for Protein; Concentrates and Textured Protein Substances in Kenya (CIF) - 2022
The average import price for protein; concentrates and textured protein substanceses stood at $2,621 per ton in 2022, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The import price peaked at $3,794 per ton in 2016; however, from 2017 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 UK ($7,400 per ton), while the price for India ($742 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Kenya (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $1,830 per ton in 2022, shrinking by -11.1% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for protein; concentrates and textured protein substanceses decreased by -17.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 43% against the previous year. As a result, the export price reached the peak level of $2,219 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($6,167 per ton), while the average price for exports to Uganda ($1,303 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 South Sudan (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Kenya
In 2022, supplies from abroad of protein; concentrates and textured protein substanceses decreased by -3% to 334 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 8.7% against the previous year. As a result, imports reached the peak of 665 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses expanded rapidly to $874K in 2022. In general, imports recorded a sharp setback.
| Import of Protein; Concentrates and Textured Protein Substances in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 52.8 | 338 | 231 | 350 | 87.9% |
| China | 1,000 | 618 | 272 | 310 | -32.3% |
| South Africa | 56.9 | 16.4 | 3.2 | 165 | 42.6% |
| India | 12.6 | 21.6 | 5.5 | 35.2 | 40.8% |
| Belgium | 675 | 424 | 126 | 0.4 | -91.6% |
| Turkey | 40.0 | 49.0 | 7.7 | N/A | -56.1% |
| Brazil | 44.1 | 36.1 | 20.0 | N/A | -32.7% |
| Others | 86.8 | 235 | 147 | 13.8 | -45.8% |
| Total | 1,968 | 1,738 | 812 | 874 | -23.7% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Kenya in 2022:
- United States (134.2 tons)
- China (103.6 tons)
- India (47.5 tons)
- South Africa (45.5 tons)
- Belgium (0.2 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Kenya
In 2022, approx. 171 tons of protein; concentrates and textured protein substanceses were exported from Kenya; with an increase of 42% on 2021. Over the period under review, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 194%.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $313K in 2022. In general, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 173%.
| Export of Protein; Concentrates and Textured Protein Substances in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | N/A | 200 | 0% |
| South Africa | 6.4 | 2.3 | 15.6 | 73.9 | 126.0% |
| Uganda | 11.6 | 9.1 | 55.2 | 24.5 | 28.3% |
| Rwanda | 0.2 | 0.6 | 1.0 | 15.1 | 322.7% |
| Democratic Republic of the Congo | 205 | 12.2 | 0.6 | N/A | -94.6% |
| Zambia | 117 | 49.1 | 135 | N/A | 7.4% |
| Ethiopia | 36.9 | 11.2 | 21.6 | N/A | -23.5% |
| Others | 30.2 | 6.8 | 19.2 | 0.4 | -76.3% |
| Total | 407 | 91.2 | 248 | 313 | -8.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Kenya in 2022:
- Ghana (104.0 tons)
- South Africa (38.9 tons)
- Uganda (18.8 tons)
- Rwanda (9.3 tons)
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