Kenya: Sugars Market 2024

Sugars Market Size in Kenya

In 2021, the Kenyan sugars market decreased by -1.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +40.9% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.

Sugars Production in Kenya

In value terms, sugars production reduced to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +61.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 47%. Over the period under review, production attained the maximum level at $X in 2020, and then declined in the following year.

Sugars Exports

Exports from Kenya

In 2021, the amount of sugars, sugar ethers and salts exported from Kenya contracted dramatically to X kg, shrinking by -43.5% on 2020. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 1,613% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, sugars exports contracted markedly to $X in 2021. Overall, exports, however, showed notable growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,850%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Somalia (X kg) was the main destination for sugars exports from Kenya, accounting for a 99% share of total exports. It was followed by Uganda (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Somalia totaled -1.9%.

In value terms, Somalia ($X) remains the key foreign market for sugars, sugar ethers and salts exports from Kenya, comprising 93% of total exports. The second position in the ranking was held by Uganda ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Somalia stood at +12.5%.

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, growing by 24% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 83%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Somalia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+162.4%), while the prices for the other major destinations experienced more modest paces of growth.

Sugars Imports

Imports into Kenya

In 2021, approx. X tons of sugars, sugar ethers and salts were imported into Kenya; picking up by 90% on the previous year's figure. In general, imports showed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by 2,160%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, sugars imports soared to $X in 2021. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 3,626% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest sugars supplier to Kenya, accounting for a 15% share of total imports. Moreover, sugars imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the United States (X kg), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.3% per year) and the United States (+56.6% per year).

In value terms, the UK ($X), India ($X) and Belgium ($X) constituted the largest sugars suppliers to Kenya, together accounting for 32% of total imports.

Among the main suppliers, India, with a CAGR of +42.8%, saw 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 sugars import price stood at $X per ton in 2021, waning by -34.2% against the previous year. In general, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 65%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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 the UK ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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