Kenya: Glucose Market 2024

Glucose Market Size in Kenya

The Kenyan glucose market surged to $X in 2021, rising by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.8% against 2019 indices. Glucose consumption peaked in 2021 and is likely to see steady growth in the near future.

Glucose Exports

Exports from Kenya

In 2021, shipments abroad of glucose and glucose syrup was finally on the rise to reach X tons after three years of decline. In general, exports, however, continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2015 when exports increased by 31%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, glucose exports expanded remarkably to $X in 2021. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Uganda (X tons), Tanzania (X tons) and South Sudan (X tons) were the main destinations of glucose exports from Kenya, together comprising 93% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Sudan (with a CAGR of +31.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for glucose exported from Kenya were Uganda ($X), Tanzania ($X) and Mauritius ($X), with a combined 89% share of total exports. These countries were followed by South Sudan and Democratic Republic of the Congo, which together accounted for a further 3.2%.

In terms of the main countries of destination, South Sudan, with a CAGR of +11.0%, 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 a decline.

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, leveling off at the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glucose export price increased by +36.0% against 2016 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 51%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Glucose Imports

Imports into Kenya

Glucose imports into Kenya expanded remarkably to X tons in 2021, growing by 7.1% compared with 2020 figures. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, glucose imports surged to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), Turkey (X tons) and Egypt (X tons) were the main suppliers of glucose imports to Kenya, with a combined 87% share of total imports. China, the Netherlands and the UK lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +109.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Turkey ($X) and Egypt ($X) appeared to be the largest glucose suppliers to Kenya, with a combined 83% share of total imports. China, the Netherlands and the UK lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, the UK, with a CAGR of +58.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, rising by 18% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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