Kenya: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Kenya

The Kenyan starch manufacture residues market declined to $X in 2022, reducing by -5.8% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Starch manufacture residues consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Kenya

In value terms, starch manufacture residues production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 36%. Starch manufacture residues production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Kenya

In 2022, shipments abroad of residues of starch manufacture decreased by -45.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 992%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, starch manufacture residues exports shrank remarkably to $X in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,059%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

Rwanda (X tons) was the main destination for starch manufacture residues exports from Kenya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Rwanda amounted to +47.7%.

In value terms, Rwanda ($X) also remains the key foreign market for residues of starch manufacture exports from Kenya.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at +42.6%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, leveling off at the previous year. Overall, the export price saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 103%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to -3.5% per year.

Starch Manufacture Residues Imports

Imports into Kenya

In 2022, the amount of residues of starch manufacture imported into Kenya skyrocketed to X tons, with an increase of 73% on 2021 figures. Overall, imports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 when imports increased by 210%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, starch manufacture residues imports soared to $X in 2022. In general, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2014 when imports increased by 467%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Uganda (X tons), China (X tons) and Tanzania (X tons) were the main suppliers of starch manufacture residues imports to Kenya, together accounting for 86% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uganda (with a CAGR of +24.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest starch manufacture residues suppliers to Kenya were China ($X), India ($X) and Uganda ($X), together accounting for 80% of total imports.

In terms of the main suppliers, Uganda, with a CAGR of +36.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, with an increase of 7.1% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price decreased by -2.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 83%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 India ($X per ton), while the price for Uganda ($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 (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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