Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,431 per ton in 2022, growing by 25% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.5% 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 vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +64.8% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 52% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
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 India ($2,496 per ton), while the price for China amounted to $1,570 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,684 per ton in 2022, dropping by -1.5% against the previous year. Overall, the export price recorded a slight downturn. The pace of growth was the most pronounced in 2017 an increase of 176% against the previous year. The export price peaked at $6,798 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -1.9% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds imported into Kenya reduced remarkably to 14 tons, waning by -58.7% on 2021 figures. In general, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted notably to $35K in 2022. Overall, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 when imports increased by 50%.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.6 | 10.1 | 16.3 | 33.2 | 109.7% |
| China | 1.5 | 1.0 | 1.6 | 1.6 | 2.2% |
| Belgium | 48.1 | 20.8 | 29.1 | N/A | -22.2% |
| United Kingdom | 17.1 | 12.4 | 19.6 | N/A | 7.1% |
| Others | 1.0 | 0.5 | 0.8 | N/A | -10.6% |
| Total | 71.3 | 44.9 | 67.4 | 34.8 | -21.3% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Kenya in 2022:
- India (13.3 tons)
- China (1.0 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya
In 2022, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -60.8% to 3.8 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 62%. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped markedly to $14K in 2022. Overall, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 17%. As a result, the exports reached the peak of $52K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 44.0 | 51.4 | 35.8 | 14.0 | -31.7% |
| Democratic Republic of the Congo | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 44.0 | 51.5 | 36.3 | 14.0 | -31.7% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Kenya in 2022:
- Rwanda (3.8 tons)
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