What is the price of margarine per kilogram/pound in Kenya today?
The retail price range for Kenya margarine is between US$ 1.22 and US$ 1.58 per kilogram or between US$ 0.55 and US$ 0.72 per pound(lb). Click here to see today's exact prices of margarine in Kenya
The retail price range in Kenyan Shilling for margarine is between KES 169.10 and KES 219.70 per kilogram or between KES 76.69 and KES 99.64 per pound(lb) in Nairobi and Mombasa.
Wholesale prices
In 2024, the approximate wholesale price range for Kenya margarine is between US$ 0.85 and US$ 1.11 per kilogram or between US$ 0.39 and US$ 0.50 per pound(lb).
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Kenya Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Kenya over the last five years has been relatively stable. In 2017, the price was 1.27 US$ per kg, followed by 1.37 US$ per kg in 2018. In 2019, the price increased to 1.65 US$ per kg and further increased to 1.72 US$ per kg in 2020. The highest price was recorded in 2021, with 1.95 US$ per kg. Based on this trend, it is predicted that the export price per kilogram of Margarine from Kenya in 2023 will be around 2.07 US$ per kg and in 2024 it will be around 2.21 US$ per kg.The Kenya margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
Kenya Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Kenya over the last five years has been relatively stable. In 2017, the price was 1.27 US$ per kg, followed by 1.37 US$ per kg in 2018. In 2019, the price increased to 1.65 US$ per kg, and further increased to 1.72 US$ per kg in 2020. The highest price was recorded in 2021, at 1.95 US$ per kg. Based on this trend, it is predicted that the import price per kilogram of Margarine into Kenya in 2023 will be around 2.07 US$ per kg, and in 2024 it will be around 2.20 US$ per kg.Export values for Kenya margarine
The total values in export for margarine in Kenya were US$ 20,917, US$ 22,921, US$ 26,791 and US$ 34,193 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 margarine in other countries across Africa: Algeria margarine, Angola margarine, Botswana margarine, Burundi margarine, Cameroon margarine, Cape Verde margarine, Central African Republic margarine, Comoros margarine, DRC Congo margarine & Benin margarine.
Kenya margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kenya exported 20,774 tonnes of margarine. For the year 2019 alone, the demand for Kenya margarine (processed category) has increased, changing by 6.017 per cent compared to the year 2018. Between 2017 and 2019, margarine's exports went up by 14.7 pc netting the nation US$34.19m for the year 2019. Kenya's margarine exports are categorised as:
- Margarine (excluding liquid) (HS code 151710)
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Kenya margarine export values
In 2019, Kenya supplied margarine costing 34.19m USD, an increase of 27.62% from 2018's total margarine export of 26.791m USD. The annual change in value of Kenya margarine between 2017 to 2018 was 16.884 pc.
The annual change in the volume of Kenya's margarine exports between 2017 and 2019 was 14.7 per cent compared to a variation of 6.017% in the period between 2018 and 2019.
Kenya's share of the world's total margarine's exports in 2019 was less than 1%. Kenya is ranked position 86 in world exports of margarine.
Export markets for Kenya margarine ( in '000$ )
Kenya's best performing export markets for margarine are Uganda, Tanzania, Zambia, Malawi and Rwanda.
Import/Export Trends
Kenya is a net exporter of margarine. The annual growth of Kenya margarine in value between 2015 to 2019 was -19%, per year, while annual growth in quantity for the same period was -19%, per annum.
Kenya procured 280 tonnes of margarine in 2019.