Price for Cereal Flour; of Maize (Corn) in Kenya - 2021

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Kenya (CIF) - 2021
2. Price for Cereal Flour; of Maize (Corn) in Kenya (FOB) - 2022
3. Imports of Cereal Flour; of Maize (Corn) in Kenya
4. Exports of Cereal Flour; of Maize (Corn) in Kenya

Price for Cereal Flour; of Maize (Corn) in Kenya (CIF) - 2021

The average import price for cereal flour; of maize (corn) stood at $365 per ton in December 2021, flattening at the previous month. Over the period under review, the import price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 798% m-o-m. The import price peaked at $589 per ton in January 2021; however, from February 2021 to December 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Tanzania.

From December 2020 to December 2021, the rate of growth in terms of prices for Tanzania amounted to -1.3% per month.

Price for Cereal Flour; of Maize (Corn) in Kenya (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $666 per ton in 2022, rising by 13% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $878 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 ($1,712 per ton), while the average price for exports to Qatar totaled $656 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Flour; of Maize (Corn) in Kenya

In 2022, after two years of decline, there was significant growth in purchases abroad of cereal flour; of maize (corn), when their volume increased by 22% to 2.5K tons. In general, imports, however, faced a significant contraction.

In value terms, cereal flour; of maize (corn) imports skyrocketed to $1.3M in 2022. Overall, imports, however, saw a significant decrease.

Top Suppliers of Cereal Flour; of Maize (Corn) to Kenya in 2022:

1. Tanzania (2.5K tons)

Exports of Cereal Flour; of Maize (Corn) in Kenya

Cereal flour; of maize (corn) exports from Kenya skyrocketed to 469 tons in 2022, growing by 350% on the year before. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 565% against the previous year. As a result, the exports reached the peak of 833 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal flour; of maize (corn) exports soared to $312K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 469% against the previous year. As a result, the exports attained the peak of $563K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Cereal Flour; of Maize (Corn) from Kenya in 2022:

1. Qatar (463.9 tons)
2. Rwanda (3.8 tons)

Source: IndexBox Market Intelligence Platform