Kenya: Vegetable Oils Market 2024

Vegetable Oils Market Size in Kenya

The Kenyan vegetable oils market declined sharply to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Vegetable Oils Production in Kenya

In value terms, vegetable oils production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a mild curtailment. The growth pace was the most rapid in 2013 with an increase of X%. Vegetable oils production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Vegetable Oils Exports

Exports from Kenya

After four years of growth, overseas shipments of vegetable fats and oils decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, vegetable oils exports reduced sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for vegetable oils exports from Kenya, with a X% share of total exports. Moreover, vegetable oils exports to Rwanda exceeded the volume sent to the second major destination, Mozambique (X tons), twofold. Tanzania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Tanzania (X% per year).

In value terms, Rwanda ($X) remains the key foreign market for vegetable fats and oils exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by South Sudan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and South Sudan (X% per year).

Export Prices by Country

In 2022, the average vegetable oils export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Mozambique ($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 Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Vegetable Oils Imports

Imports into Kenya

After three years of growth, purchases abroad of vegetable fats and oils decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, vegetable oils imports declined remarkably to $X in 2022. Overall, imports, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest vegetable oils supplier to Kenya, with a X% share of total imports. Moreover, vegetable oils imports from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), ninefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Malaysia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of vegetable fats and oils to Kenya, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average vegetable oils import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price continues to indicate notable growth. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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