Kenya: Groundnuts Market 2024

Groundnuts Market Size in Kenya

The Kenyan groundnuts market rose notably to $X in 2022, with an increase of 6.4% against the previous year. In general, consumption, however, saw a mild reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Groundnuts Production in Kenya

In value terms, groundnuts production totaled $X in 2022 estimated in export price. Overall, production showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 375%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of ground-nut (in-shell) in Kenya rose remarkably to X kg per ha in 2022, with an increase of 5.6% against 2021 figures. Overall, the yield, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 61% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the average groundnuts 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 2022, approx. X ha of ground-nut (in-shell) were harvested in Kenya; increasing by 4.6% compared with 2021. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 117% against the previous year. Over the period under review, the harvested area dedicated to groundnuts production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Groundnuts Exports

Exports from Kenya

For the fourth consecutive year, Kenya recorded decline in overseas shipments of ground-nut (in-shell), which decreased by -17% to X tons in 2022. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 with an increase of 91%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, groundnuts exports declined to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 359%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for groundnuts exports from Kenya, accounting for a 99% share of total exports. It was followed by Rwanda (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for ground-nut (in-shell) exports from Kenya, comprising 98% of total exports. The second position in the ranking was held by Rwanda ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy was relatively modest.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 141% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+740.2%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Kenya

In 2022, overseas purchases of ground-nut (in-shell) decreased by -15.2% to X tons, falling for the sixth year in a row after two years of growth. In general, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2015 with an increase of 155%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, groundnuts imports dropped to $X in 2022. Over the period under review, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 585% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main groundnuts supplier to Kenya, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -31.4%.

In value terms, India ($X) constituted the largest supplier of ground-nut (in-shell) to Kenya.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -33.7%.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, surging by 8.3% against the previous year. In general, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 169%. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +32.5% per year.

Source: IndexBox Platform

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