Kenya: Potato Starch Market 2024

Potato Starch Market Size in Kenya

The Kenyan potato starch market dropped slightly to $X in 2021, with a decrease of -2.3% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +2.4% against 2019 indices. Potato starch consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Potato Starch Production in Kenya

In value terms, potato starch production declined modestly 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 +6.2% 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 +2.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Potato Starch Exports

Exports from Kenya

In 2021, exports of potato starch from Kenya surged to X tons, jumping by 2,358% compared with the previous year. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch exports surged to $X in 2021. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X tons) and South Sudan (X kg) were the main destinations of potato starch exports from Kenya.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +45.9%).

In value terms, the largest markets for potato starch exported from Kenya were South Sudan ($X) and Uganda ($X).

Uganda, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, surging by 3.7% against the previous year. Overall, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato starch export price decreased by -6.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 80%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Sudan ($X per ton), while the average price for exports to Uganda totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (-1.8%).

Potato Starch Imports

Imports into Kenya

In 2021, imports of potato starch into Kenya reduced sharply to X tons, which is down by -46.5% on the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 626% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, potato starch imports declined remarkably to $X in 2021. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 522%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X tons) constituted the largest potato starch supplier to Kenya, with a 57% share of total imports. Moreover, potato starch imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.1% per year) and Germany (+19.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of potato starch to Kenya, comprising 74% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.7% per year) and Germany (+13.8% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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