Kenya: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Kenya

The Kenyan market for malt extract and food preparations of flour, meal, and starches was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Kenya

In value terms, production of malt extract and food preparations of flour, meal, and starches soared to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 285%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Kenya

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported from Kenya soared to X tons, jumping by 255% against the previous year. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 40,858% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 28,565%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

South Sudan (X tons), Somalia (X tons) and Ethiopia (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Kenya, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +102.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Kenya were Sudan ($X), South Sudan ($X) and Uganda ($X), with a combined 65% share of total exports. Somalia, Ethiopia, Burundi and Rwanda lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Ethiopia, with a CAGR of +72.6%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, growing by 29% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of 87% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Rwanda ($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 South Sudan (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Kenya

In 2022, overseas purchases of malt extract and food preparations of flour, meal, and starches were finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a perceptible downturn. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. Over the period under review, imports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of 226% against the previous year. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Kenya, accounting for a 59% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from the United States exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Uganda (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.4% per year) and Uganda (+44.4% per year).

In value terms, the United States ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Kenya, comprising 66% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by Rwanda, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-11.3% per year) and Rwanda (-39.5% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, declining by -28% against the previous year. In general, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

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 Rwanda ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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