Kenya: Lysine Market 2024

Lysine Market Size in Kenya

The Kenyan lysine market dropped significantly to $X in 2022, falling by -24.9% 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). In general, consumption, however, showed measured growth. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Lysine Exports

Exports from Kenya

In 2022, shipments abroad of lysine and its esters, and salts thereof decreased by -3.2% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 770%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lysine exports totaled $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 886%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for lysine exports from Kenya, accounting for a 65% share of total exports. Moreover, lysine exports to Tanzania exceeded the volume sent to the second major destination, Ethiopia (X tons), twofold. Rwanda (X kg) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania totaled +88.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+56.9% per year) and Rwanda (+43.4% per year).

In value terms, Tanzania ($X) remains the key foreign market for lysine and its esters, and salts thereof exports from Kenya, comprising 73% of total exports. The second position in the ranking was taken by Ethiopia ($X), with an 18% share of total exports. It was followed by Rwanda, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania totaled +85.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+42.7% per year) and Rwanda (+67.8% per year).

Export Prices by Country

In 2022, the average lysine export price amounted to $X per ton, surging by 3.8% against the previous year. In general, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 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 Uganda ($X per ton), while the average price for exports to Ethiopia ($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 (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Lysine Imports

Imports into Kenya

Lysine imports into Kenya reduced rapidly to X tons in 2022, which is down by -20% compared with the previous year's figure. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, lysine imports fell dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest lysine supplier to Kenya, with a 57% share of total imports. Moreover, lysine imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold. Israel (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+10.6% per year) and Israel (+17.8% per year).

In value terms, China ($X) constituted the largest supplier of lysine and its esters, and salts thereof to Kenya, comprising 61% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 8.5% share of total imports. It was followed by Brazil, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.1% per year) and Brazil (+2.0% per year).

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, which is down by -7.8% against the previous year. In general, the import price saw a deep contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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