Kenya: Market for Sunflower-Seed And Safflower Oil 2024

Market Size for Sunflower-Seed And Safflower Oil in Kenya

The Kenyan sunflower-seed and safflower oil market fell rapidly to $X in 2022, declining by -18.9% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +27.8% against 2020 indices. Sunflower-seed and safflower oil consumption peaked at $X in 2021, and then dropped remarkably in the following year.

Production of Sunflower-Seed And Safflower Oil in Kenya

In value terms, sunflower-seed and safflower oil production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Sunflower-Seed And Safflower Oil

Exports from Kenya

After three years of growth, overseas shipments of sunflower-seed and safflower oil decreased by -5.5% to X tons in 2022. Over the period under review, exports showed a slight reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 328%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, sunflower-seed and safflower oil exports reduced dramatically to $X in 2022. In general, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2019 with an increase of 348% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons), Uganda (X tons) and Rwanda (X tons) were the main destinations of sunflower-seed and safflower oil exports from Kenya, together comprising 84% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +14.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for sunflower-seed and safflower oil exported from Kenya were Uganda ($X), Tanzania ($X) and Rwanda ($X), with a combined 82% share of total exports.

Among the main countries of destination, Uganda, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sunflower-seed and safflower oil export price stood at $X per ton in 2022, falling by -15% against the previous year. Overall, the export price saw a noticeable decline. The growth pace was the most rapid in 2021 an increase of 18% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Zambia ($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 Serbia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sunflower-Seed And Safflower Oil

Imports into Kenya

In 2022, approx. X tons of sunflower-seed and safflower oil were imported into Kenya; waning by -8.4% against 2021. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 158%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, sunflower-seed and safflower oil imports fell markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 150% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Ukraine (X tons), Uganda (X tons) and Argentina (X tons) were the main suppliers of sunflower-seed and safflower oil imports to Kenya, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +31.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sunflower-seed and safflower oil suppliers to Kenya were Ukraine ($X), Uganda ($X) and Argentina ($X), together comprising 80% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +31.4%, 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 sunflower-seed and safflower oil import price stood at $X per ton in 2022, falling by -18.8% against the previous year. Overall, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2021 an increase of 75%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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