What is the price of linseed oil per kilogram/pound in Kenya today?
The retail price range for Kenya linseed oil is between US$ 3.12 and US$ 6.99 per kilogram or between US$ 1.41 and US$ 3.17 per pound(lb). Click here to see today's exact prices of linseed oil in Kenya
The retail price range in Kenyan Shilling for linseed oil is between KES 433.32 and KES 971.33 per kilogram or between KES 196.52 and KES 440.51 per pound(lb) in Nairobi and Mombasa.
Wholesale prices
In 2024, the approximate wholesale price range for Kenya linseed oil is between US$ 2.18 and US$ 4.90 per kilogram or between US$ 0.99 and US$ 2.22 per pound(lb).
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Kenya Linseed Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Linseed Oil from Kenya has seen a lot of fluctuation over the last five years. In 2017, the price was at its highest at 4.29 US $ per kg, followed by 2019 with 7.33 US $ per kg. The lowest price was seen in 2016 at 1.06 US $ per kg. In 2020, the price was 1.34 US $ per kg and in 2021, it was 2.64 US $ per kg. Based on this data, it is likely that the export price of Linseed Oil from Kenya will remain around the same level in 2023 and 2024.The Kenya linseed oil exports are classified as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
Kenya Linseed Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Linseed Oil into Kenya over the last five years has been quite volatile. In 2017, the price was 4.29 US dollars per kg, followed by a sharp drop to 1.06 US dollars per kg in 2016. This was followed by a gradual increase to 4.42 US dollars per kg in 2015 and then a further drop to 1.63 US dollars per kg in 2014. In the last year, the price has seen a significant increase to 7.33 US dollars per kg in 2019. Looking ahead, it is likely that the price of Linseed Oil will remain relatively stable in the next two years, with an estimated price of 2.64 US dollars per kg in 2021 and an estimated price of 3.27 US dollars per kg in 2022. Predicted prices for 2023 and 2024 are 4.00 US dollars per kg and 4.50 US dollars per kg respectively.Export values for Kenya linseed oil
The total values in export for linseed oil in Kenya were US$ 111, US$ 382, US$ 36 and US$ 44 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Kenya: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of linseed oil in other countries across Africa: Algeria linseed oil, Angola linseed oil, Botswana linseed oil, Burundi linseed oil, Cameroon linseed oil, Cape Verde linseed oil, Central African Republic linseed oil, Comoros linseed oil, DRC Congo linseed oil & Benin linseed oil.
Kenya linseed oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kenya shipped 6 tonnes of linseed oil. For 2019 alone, the market for Kenya linseed oil (processed category) has shrunk, recording a change of -45.455 per cent compared to the year 2018. Between 2017 and 2019, linseed oil's exports went down by -93.26 pc earning Kenya US$0.04m for the year 2019. Kenya's linseed oil exports are categorised as:
- Linseed oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151519)
- Crude linseed oil (HS code 151511)
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Kenya linseed oil export values
In 2019, Kenya shipped linseed oil valued at 0.04m USD, a surge of 11.11% from 2018's total linseed oil export of 0.036m USD. The annual change in value of Kenya linseed oil between 2017 to 2018 was -90.576%.
The yearly variation in the volume of Kenya's linseed oil exports between 2017 and 2019 was -93.26 pc when compared to a variation of -45.455% in the growth rate between 2018 and 2019.
Kenya's share of the world's total linseed oil's exports in 2019 was less than 1%. The country is ranked number 39 in world exports of linseed oil.
Export markets for Kenya linseed oil ( in '000$ )
Kenya's top export markets for linseed oil are France, the Netherlands, Mexico, Sudan and Uganda.
Import/Export Trends
Kenya is a net exporter of linseed oil. The annual growth of Kenya linseed oil in value between 2015 to 2019 was 301%, per year, while annual growth in quantity through the same period was %, per annum.
Kenya procured 47 tonnes of linseed oil in 2019.