What is the price of soyabean oil per kilogram/pound in Kenya today?
The retail price range for Kenya soyabean oil is between US$ 0.74 and US$ 0.86 per kilogram or between US$ 0.34 and US$ 0.39 per pound(lb). Click here to see today's exact prices of soyabean oil in Kenya
The retail price range in Kenyan Shilling for soyabean oil is between KES 102.85 and KES 119.31 per kilogram or between KES 46.65 and KES 54.11 per pound(lb) in Nairobi and Mombasa.
Wholesale prices
In 2024, the approximate wholesale price range for Kenya soyabean oil is between US$ 0.52 and US$ 0.60 per kilogram or between US$ 0.24 and US$ 0.27 per pound(lb).
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Kenya Soyabean Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Soyabean oil from Kenya over the last five years has seen a steady decline. In 2017, the price was 1.59 US $ per kg, which dropped to 1.26 US $ per kg in 2018. The price then decreased further to 0.90 US $ per kg in 2019 and 0.84 US $ per kg in 2020. 2021 saw a slight increase to 1.29 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Soyabean oil from Kenya in 2023 will be around 0.75 US $ per kg and in 2024 will be around 0.68 US $ per kg.The exports of soyabean oil from Kenya are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
Kenya Soyabean Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Soyabean oil into Kenya has seen a steady decline over the past five years. In 2017, the price was recorded at $1.59, followed by a decrease to $1.26 in 2018. The price then dropped further to $0.90 in 2019 and $0.84 in 2020. 2021 saw a slight increase to $1.29. This indicates that the import price of Soyabean oil into Kenya has been decreasing over the past five years. Based on this trend, it is predicted that the import price of Soyabean oil into Kenya in 2023 will be around $0.75 and in 2024 will be around $0.68.Export values for Kenya soyabean oil
The total values in export for soyabean oil in Kenya were US$ 455, US$ 246, US$ 43 and US$ 226 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 soyabean oil in other countries across Africa: Algeria soyabean oil, Angola soyabean oil, Botswana soyabean oil, Burundi soyabean oil, Cameroon soyabean oil, Cape Verde soyabean oil, Central African Republic soyabean oil, Comoros soyabean oil, DRC Congo soyabean oil & Benin soyabean oil.
Kenya soyabean oil - Production, Exports, Imports, Seasons and HS Codes
In 2019 Kenya shipped 250 tonnes of soyabean oil. In 2019 alone, the interest in Kenya soyabean oil (processed category) has surged, with a change of 635.294 % compared to the year 2018. Between 2017 and 2019, soyabean oil's exports increased by 61.29 pc netting the country US$0.23m for the year 2019. Kenya's soyabean oil exports are categorised as:
- Soya-bean oil and its fractions, whether or not refined (excluding chemically modified and crude) (HS code 150790)
- Crude soya-bean oil, whether or not degummed (HS code 150710)
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Kenya soyabean oil export values
In 2019, Kenya supplied soyabean oil worth 0.23m USD, a growth of 434.88% from 2018's total soyabean oil export of 0.043m USD. The annual increase in value of Kenya soyabean oil between 2017 to 2018 was -82.52%.
The yearly variation in the quantity of Kenya's soyabean oil exports between 2017 and 2019 was 61.29 per cent compared to a variation of 635.294% in the period between 2018 and 2019.
Kenya's share of the world's total soyabean oil's exports in 2019 was less than 1%. The country holds number 28 in world exports of soyabean oil.
Export markets for Kenya soyabean oil ( in '000$ )
Kenya's leading destinations for soyabean oil are Rwanda, Sudan, Zambia, Uganda and Tanzania.
Import/Export Trends
Kenya is a net exporter of soyabean oil. The annual growth of Kenya soyabean oil in value between 2015 to 2019 was 10%, per annum, while annual growth in quantity during the same period was -9%, per annum.
Kenya brought in 7,923 tonnes of soyabean oil in 2019.