Kenya: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Kenya

After two years of decline, the Kenyan preserved belly cut market increased by X% to $X in 2020. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Preserved Belly Cut Production in Kenya

In value terms, preserved belly cut production skyrocketed to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Preserved Belly Cut Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in shipments abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked), which decreased by -X% to X tons in 2020. In general, exports faced a deep slump. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, preserved belly cut exports fell notably to $X in 2020. Overall, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

Tanzania (X tons) was the main destination for preserved belly cut exports from Kenya, with a X% share of total exports. Moreover, preserved belly cut exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X tons), more than tenfold. Bahrain (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Tanzania amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-X% per year) and Bahrain (-X% per year).

In value terms, Tanzania ($X) remains the key foreign market for preserved belly cut exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Tanzania amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-X% per year) and Rwanda (+X% per year).

Export Prices by Country

The average preserved belly cut export price stood at $X per ton in 2020, rising by X% against the previous year. In general, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Uganda ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uganda, while the prices for the other major destinations experienced a decline.

Preserved Belly Cut Imports

Imports into Kenya

In 2020, purchases abroad of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports posted slight growth. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, preserved belly cut imports surged to $X in 2020. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X tons) was the main preserved belly cut supplier to Kenya, accounting for a X% share of total imports. Moreover, preserved belly cut imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Italy stood at +X%.

In value terms, Italy ($X) constituted the largest supplier of preserved belly cut to Kenya, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy stood at +X%.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, increasing by X% against the previous year. In general, import price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved belly cut import price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Italy totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy.

Source: IndexBox Platform

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