What is the price of palm oil per kilogram/pound in Kenya today?
The retail price range for Kenya palm oil is between US$ 1.89 and US$ 2.18 per kilogram or between US$ 0.86 and US$ 0.99 per pound(lb). Click here to see today's exact prices of palm oil in Kenya
The retail price range in Kenyan Shilling for palm oil is between KES 262.68 and KES 303.09 per kilogram or between KES 119.13 and KES 137.46 per pound(lb) in Nairobi and Mombasa.
Wholesale prices
In 2024, the approximate wholesale price range for Kenya palm oil is between US$ 1.32 and US$ 1.53 per kilogram or between US$ 0.60 and US$ 0.69 per pound(lb).
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Kenya Palm Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Palm Oil from Kenya over the last five years has seen a steady decline. In 2016, the price was $1.00, followed by a decrease to $0.82 in 2017. The price then dropped to $0.69 in 2018 and further to $0.61 in 2019. In 2020, the price saw a slight increase to $0.74, before rising to $1.18 in 2021. Based on this trend, it is likely that the export price per kilogram of Palm Oil from Kenya will continue to decrease in the next two years, with a predicted price of $0.96 in 2023 and $0.80 in 2024.The exports of palm oil from Kenya are categorised as:
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
- Crude palm oil (HS code 151110)
- Crude palm kernel and babassu oil (HS code 151321)
Kenya Palm Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Palm Oil into Kenya has seen a steady decline over the past five years. In 2016, the price was $1.00, followed by a decrease to $0.82 in 2017. This downward trend continued in 2018, when the price dropped to $0.69, and further decreased to $0.61 in 2019. However, in 2020, the price rose to $0.74, before increasing to $1.18 in 2021. Based on this trend, it is predicted that the import price per kilogram of Palm Oil into Kenya will be $0.99 in 2023 and $1.14 in 2024.Export values for Kenya palm oil
The total values in export for palm oil in Kenya were US$ 62,437, US$ 51,124, US$ 65,723 and US$ 83,943 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 palm oil in other countries across Africa: Algeria palm oil, Angola palm oil, Botswana palm oil, Burundi palm oil, Cameroon palm oil, Cape Verde palm oil, Central African Republic palm oil, Comoros palm oil, DRC Congo palm oil & Benin palm oil.
Kenya palm oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kenya shipped 138,538 tonnes of palm oil. For the year 2019 alone, the market for Kenya palm oil (processed category) has climbed, changing by 46.29 per cent compared to the year 2018. Between 2017 and 2019, palm oil's exports went up by 123.54% netting Kenya US$83.94m for the year 2019. Kenya's palm oil exports are categorised as:
- Crude palm kernel and babassu oil (HS code 151321)
- Crude palm oil (HS code 151110)
- Palm kernel and babassu oil and their fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151329)
- Palm oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 151190)
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Kenya palm oil export values
In 2019, Kenya exported palm oil worth 83.94m USD, an improvement of 27.72% from 2018's total palm oil export of 65.723m USD. The yearly increase in value of Kenya palm oil between 2017 to 2018 was 28.556%.
The annual variation in the volume of Kenya's palm oil exports between 2017 and 2019 was 123.54 percent compared to a variation of 46.29% in the period between 2018 and 2019.
Export markets for Kenya palm oil ( in '000$ )
Kenya's top export markets for palm oil are DRC Congo, Burundi, South Sudan, Tanzania and Malaysia.
Kenya purchased 929,667 tonnes of palm oil in 2019.