Report Update Nov 1, 2024

Kenya - Sunflower Oilcake - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Sunflower Oilcake Market 2024

Sunflower Oilcake Market Size in Kenya

For the third year in a row, the Kenyan sunflower oilcake market recorded decline in sales value, which decreased by -1% to $X in 2021. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.6% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sunflower Oilcake Production in Kenya

In value terms, sunflower oilcake production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, showed a measured increase. The pace of growth appeared the most rapid in 2013 with an increase of 45% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Sunflower Oilcake Exports

Exports from Kenya

In 2020, overseas shipments of sunflower oilcake increased by 11% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, saw a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, sunflower oilcake exports dropped dramatically to $X in 2020. Over the period under review, exports, however, faced a deep contraction. The smallest decline of -3.7% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for sunflower oilcake exports from Kenya, with a approx. 99% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Oman totaled +9.5%.

In value terms, Oman ($X) also remains the key foreign market for sunflower oilcake exports from Kenya.

From 2012 to 2020, the average annual growth rate of value to Oman totaled -34.8%.

Export Prices by Country

The average sunflower oilcake export price stood at $X per ton in 2020, falling by -41% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2020, the average export prices failed to regain momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for South Africa amounted to +10.6% per year.

Sunflower Oilcake Imports

Imports into Kenya

Sunflower oilcake imports into Kenya contracted significantly to X tons in 2021, which is down by -47.2% against 2020. In general, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 229% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sunflower oilcake imports contracted sharply to $X in 2021. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 155%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tanzania (X tons) was the main sunflower oilcake supplier to Kenya, accounting for a 98% share of total imports. It was followed by Uganda (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Tanzania amounted to -5.6%.

In value terms, Tanzania ($X) constituted the largest supplier of sunflower oilcake to Kenya, comprising 98% of total imports. The second position in the ranking was held by Uganda ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Tanzania totaled -13.4%.

Import Prices by Country

The average sunflower oilcake import price stood at $X per ton in 2021, jumping by 17% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Uganda ($X per ton), while the price for Tanzania totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (-4.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake consumption was China, comprising approx. 19% of total volume. Moreover, sunflower oilcake consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 5.6% share.

What are the largest producers of sunflower oilcake in the world?

The country with the largest volume of sunflower oilcake production was China, comprising approx. 17% of total volume. Moreover, sunflower oilcake production in China exceeded the figures recorded by the second-largest producer, India, twofold. Ukraine ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of sunflower oilcake to Kenya?

In value terms, Tanzania constituted the largest supplier of sunflower oilcake to Kenya.

What is the average export price for sunflower oilcake in Kenya?

The average sunflower oilcake export price stood at $127 per ton in 2020, stabilizing at the previous year.

What is the average import price for sunflower oilcake in Kenya?

The average sunflower oilcake import price stood at $154 per ton in 2020, rising by 12% against the previous year.

This report provides an in-depth analysis of the sunflower oilcake market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10414150 - Oilcake and other solid residues resulting from the extraction of sunflower seed fats or oils

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023