Milled Rice Price in Kenya - 2021
Contents:
- Milled Rice Price in Kenya (CIF) - 2022
- Milled Rice Price in Kenya (FOB) - 2022
- Milled Rice Imports in Kenya
- Milled Rice Exports in Kenya
Milled Rice Price in Kenya (CIF) - 2022
The average milled rice import price stood at $435 per ton in 2022, dropping by -4.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, average import prices reached the maximum at $460 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.7% per year.
Milled Rice Price in Kenya (FOB) - 2022
In 2022, the average milled rice export price amounted to $982 per ton, growing by 54% against the previous year. Overall, the export price showed a slight increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the maximum at $1,164 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,285 per ton), while the average price for exports to Rwanda ($677 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 the United States (+28.6%), while the prices for the other major destinations experienced a decline.
Milled Rice Imports in Kenya
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Kenya dropped slightly to 589K tons, almost unchanged from 2021 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1.2%.
In value terms, milled rice imports shrank to $256M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of $272M, and then fell in the following year.
| Import of Milled Rice in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.2 | 0.9 | 0.1 | 256 | 497.5% |
| Thailand | 65.1 | 29.2 | 6.5 | N/A | -68.4% |
| India | 5.9 | 32.5 | 83.5 | N/A | 276.2% |
| Tanzania | 0.2 | 31.3 | 97.2 | N/A | 2104.5% |
| Pakistan | 156 | 134 | 80.5 | N/A | -28.2% |
| Others | 13.8 | 13.0 | 4.3 | N/A | -44.2% |
| Total | 242 | 240 | 272 | 256 | 1.9% |
Top Suppliers of Milled Rice to Kenya in 2022:
- United Arab Emirates (589.2K tons)
Milled Rice Exports in Kenya
In 2022, overseas shipments of semi-milled or wholly milled (bleached) rice decreased by -27.3% to 63 tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 190%. As a result, the exports reached the peak of 91 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, milled rice exports expanded sharply to $62K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 261%. As a result, the exports attained the peak of $69K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Milled Rice in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 28.2 | N/A | 34.7 | 10.9% |
| Rwanda | 15.9 | N/A | 36.6 | 22.0 | 11.4% |
| Australia | N/A | N/A | N/A | 2.5 | 0% |
| Uganda | 3.1 | 9.7 | N/A | N/A | 212.9% |
| Sweden | N/A | 15.5 | N/A | N/A | 0% |
| South Africa | N/A | N/A | 18.5 | N/A | 0% |
| Others | N/A | 15.4 | N/A | 2.7 | -58.1% |
| Total | 19.1 | 68.8 | 55.2 | 62.0 | 48.1% |
Top Export Markets for Milled Rice from Kenya in 2022:
- Rwanda (32.6 tons)
- United States (27.0 tons)
- Australia (2.7 tons)
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