Kenya: Spice Market 2024

Spice Market Size in Kenya

In 2023, the Kenyan spice market decreased by X% to $X, falling for the fifth year in a row after four years of growth. Overall, consumption, however, saw a mild decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Spice Production in Kenya

In value terms, spice production rose modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

The average yield of spices in Kenya fell to X tons per ha in 2023, reducing by X% on the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2022 to 2023, the growth of the average spice yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of spices were harvested in Kenya; remaining constant against the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. The spice harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area failed to regain momentum.

Spice Exports

Exports from Kenya

In 2023, exports of spices from Kenya totaled X tons, remaining constant against 2022 figures. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, spice exports expanded markedly to $X in 2023. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), the Netherlands (X tons) and Uganda (X tons) were the main destinations of spice exports from Kenya, with a combined X% share of total exports. Germany, the United Arab Emirates, South Sudan, France, Denmark, Rwanda, Italy, Ethiopia, Tanzania and Burundi lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Uganda ($X) constituted the largest markets for spice exported from Kenya worldwide, with a combined X% share of total exports. Denmark, France, Rwanda, Germany, Tanzania, Italy, the United Arab Emirates, South Sudan, Ethiopia and Burundi lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spice export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, showed a slight shrinkage. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Ethiopia ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into Kenya

In 2023, supplies from abroad of spices was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, spice imports rose notably to $X in 2023. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Tanzania (X tons), India (X tons) and China (X tons) were the main suppliers of spice imports to Kenya, with a combined X% share of total imports.

From 2013 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of spices to Kenya, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Tanzania (X% per year).

Import Prices by Country

The average spice import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Ethiopia ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform