Kenya: Peanut Butter Market 2025

Peanut Butter Market Size in Kenya

The Kenyan peanut butter market expanded slightly to $X in 2022, surging by 3.9% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Peanut Butter Production in Kenya

In value terms, peanut butter production rose modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Peanut Butter Exports

Exports from Kenya

In 2022, the amount of peanut butter and prepared or preserved groundnuts exported from Kenya surged to X tons, picking up by 47% against 2021. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of 2,101% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports soared to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 2,051% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X tons), South Sudan (X tons) and Burundi (X tons) were the main destinations of peanut butter exports from Kenya, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Sudan (with a CAGR of +50.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Somalia ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Kenya, comprising 67% of total exports. The second position in the ranking was taken by South Sudan ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Somalia totaled +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+32.2% per year) and Burundi (-14.4% per year).

Export Prices by Country

The average peanut butter export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2016 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to South Sudan ($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 Somalia (-4.9%), while the prices for the other major destinations experienced a decline.

Peanut Butter Imports

Imports into Kenya

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were imported into Kenya; with an increase of 9% on the year before. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 137% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, peanut butter imports rose remarkably to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 117% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Argentina (X tons) constituted the largest peanut butter supplier to Kenya, with a 70% share of total imports. Moreover, peanut butter imports from Argentina exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Tanzania (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +42.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+46.5% per year) and Tanzania (+2.9% per year).

In value terms, Argentina ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Kenya, comprising 66% of total imports. The second position in the ranking was taken by India ($X), with a 25% share of total imports. It was followed by Norway, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+51.2% per year) and Norway (-4.6% per year).

Import Prices by Country

The average peanut butter import price stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. Over the period under review, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2016 an increase of 9.9%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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