Kenya: Modified Starches Market 2024

Modified Starches Market Size in Kenya

The Kenyan modified starches market dropped to $X in 2022, which is down by -8.5% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Modified Starches Production in Kenya

In value terms, modified starches production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Modified Starches Exports

Exports from Kenya

In 2022, the amount of dextrins and other modified starches exported from Kenya reduced notably to X tons, with a decrease of -27% compared with the previous year's figure. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 197% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, modified starches exports dropped significantly to $X in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2015 with an increase of 221% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for modified starches exports from Kenya, with a 71% share of total exports. Moreover, modified starches exports to Uganda exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. Rwanda (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Uganda stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+32.3% per year) and Rwanda (+21.4% per year).

In value terms, Uganda ($X) remains the key foreign market for dextrins and other modified starches exports from Kenya, comprising 66% of total exports. The second position in the ranking was held by South Africa ($X), with a 14% share of total exports. It was followed by Denmark, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Uganda amounted to +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+27.2% per year) and Denmark (0.0% per year).

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, modified starches export price decreased by +0.4% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 42%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Tanzania ($X 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 Rwanda (+7.3%), while the prices for the other major destinations experienced a decline.

Modified Starches Imports

Imports into Kenya

After two years of growth, supplies from abroad of dextrins and other modified starches decreased by -14% to X tons in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of 100%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, modified starches imports declined notably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 86%. Over the period under review, imports reached the maximum at $X in 2021, and then plummeted in the following year.

Imports by Country

Austria (X tons), the United States (X tons) and India (X tons) were the main suppliers of modified starches imports to Kenya, with a combined 55% share of total imports. China, Thailand, South Africa, the Netherlands, Germany and Spain lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +64.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to Kenya were the United States ($X), Austria ($X) and South Africa ($X), together accounting for 60% of total imports. Thailand, China, India, the Netherlands, Germany and Spain lagged somewhat behind, together accounting for a further 32%.

China, with a CAGR of +53.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, falling by -4.3% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 36%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average 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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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