Kenya: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Kenya

The Kenyan nuts (prepared or preserved) market expanded notably to $X in 2021, growing by 7% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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 +17.8% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Kenya

In value terms, nuts (prepared or preserved) production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.7% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 60%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Nuts (Prepared Or Preserved)

Exports from Kenya

In 2021, the amount of nuts (prepared or preserved) exported from Kenya fell sharply to X tons, declining by -51.7% compared with the previous year. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 2,242%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, nuts (prepared or preserved) exports soared to $X in 2021. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 1,878%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for nuts (prepared or preserved) exports from Kenya, with a 28% share of total exports. Moreover, nuts (prepared or preserved) exports to the Netherlands exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+2.5% per year) and Democratic Republic of the Congo (+59.9% per year).

In value terms, the Netherlands ($X) remains the key foreign market for nuts (prepared or preserved) exports from Kenya, comprising 39% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by the United States, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+61.9% per year) and the United States (-22.5% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, with an increase of 149% against the previous year. Over the period under review, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Somalia ($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 Austria (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Kenya

Nuts (prepared or preserved) imports into Kenya reduced sharply to X tons in 2021, falling by -36.2% on 2020. Overall, imports recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of 156%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) imports shrank markedly to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 142%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest nuts (prepared or preserved) supplier to Kenya, accounting for a 75% share of total imports. Moreover, nuts (prepared or preserved) imports from India exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+15.9% per year) and China (+40.0% per year).

In value terms, India ($X) constituted the largest supplier of nuts (prepared or preserved) to Kenya, comprising 66% of total imports. The second position in the ranking was held by Poland ($X), with a 7.4% share of total imports. It was followed by Tanzania, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+20.0% per year) and Tanzania (+37.3% per year).

Import Prices by Country

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, surging by 3.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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