Current Sisal Fibre Market Situation in Kenya
The current market situation for sisal fibre in Kenya, as reported by Dickson Kibata from the Agriculture & Food Authority - Fibre Crops Directorate, highlights increases in production and exports of sisal fibre from January to September 2019. The total production, dominated by estates, reached 15,347.12 MT. Exports totaled 16,800.3 MT valued at US$26,207,581.50, with high prices for specific grades like USD 2,000 per MT for grade UG. The average price per MT for Jan-Sep 2019 was USD 1,587.781, slightly lower than the previous year. Different grades were traded, with UG grade being the most traded and fetching the highest price. Local consumption by spinning factories was minimal compared to exports.
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Current market situation for Sisal Fibre - Kenya By Dickson Kibata Agriculture & Food Authority- Fibre Crops Directorate Kenya
Sisal Fibre Production Sisal Fibre Production Production Jan - Sept (2018/2019) 3000 2500 PRODUCTION(MT) 2000 1500 1000 500 0 JAN FEB MAR APR MAY MONTH JUN JUL AUG SEP 2018 2019 Highest production for estates was 2485.14 MT in Jan 2019 Total production Jan Sept 2019 was 15,347.12 MT out of which 96.6% was by Estates while the rest 3.4% by smallholder farmers In comparison to the same period last year, current period production is higher than in 2018. (except for the of June September since all data from some estates had not been received)
Current Trade Situation TOTAL EXPORTS (MT) JAN -SEP 2019 Tons 2,500.70 2,034.00 2,023.10 1,934.60 1,929.80 1,767.00 1,710.20 1,677.40 1,223.40 JAN FEB MAR APR MAY JUN JUL AUG SEP A total of 16,800.3 MT of sisal fibre, valued at US$ 26,207,581.50 was exported into various destinations Locally, two spinning factories consumed a total of 285.78 MT of fibre for manufacture of twine. This was 2% of the fibre produced, the rest being exported
Current Trade Situation Comparison of exports: 2018 & 2019 Sisal Fibre Exports Jan - Sep (2018 & 2019) (in MT) 16,900.00 16,800.20 16,800.00 16,700.00 EXPORTS (MT) 16,600.00 16,500.00 16,381.00 16,400.00 16,300.00 16,200.00 16,100.00 2018 2019 YEAR
Current Trade Situation Prices for Sisal Fibre Highest price per Metric Ton recorded was USD 2,000 for grade UG exported to UAE and Pakistan in the months of June and July 2019 AVERAGE PRICE/MT (US $) 2019 1,628.37 1,612.35 Lowest price recorded was USD 800 per metric ton for Tow 1 in the month of September 2019 exported to Ghana The average price for Jan Sep 2019 USD 1,587.781 per metric ton (2.23% lower than last year). The average price last year was USD 1,624 per Metric Ton 1,596.64 1,583.17 1,582.64 1,573.73 1,573.59 1,561.50 1,560.56 JAN FEB MAR APR MAY JUN JUL AUG SEP 2019
Current Trade Situation Average Prices/MT for 4 major grades exported (Jan Sep 2019) A total of 9 grades were traded during the period 2,000.00 1,800.00 Grade UG was the most traded grade (59.0% of all exports), followed by SSUG, TOW.1 and TOW.2 1,600.00 1,400.00 1,200.00 On average, UG grade fetched the highest price as shown on the graph (an average USD 1677.5 per MT) PRICE/MT (USD) SSUG 1,000.00 UG TOW.1 800.00 TOW.2 The price of Grade 3L (not in the graph) was the most stable at 1900 per MT (although only 549.50 MT was exported i.e 3.3% of exports) 600.00 400.00 200.00 - JAN FEB MAR APR MAY JUN JUL AUG SEP 2019
Current Trade Situation Export Destination There were a total of 34 export destinations from Jan Sep 2019 % Market Share for top 5 Export Destination 2019 The leading export destination was Nigeria with a total of 3,703.8 MT exported, followed closely by China with 3,417.1 MT Ghana 10% Nigeria 29% Morocco 13% The top 10 export destinations controlled 89.3% of the exports, the rest being shared by the rest of the destinations (i.e 24) In comparison to last year: Export destinations are lower by 4, from 38 to 34 S/Arabia 21% S/Arabia dropped from no.1 to no.3 in the current period China 27% Spain and Philippines dropped from the top 5 destinations to 8 and 13 and respectively Morocco gained from no. 6 last year to no. 4 in the current period Nigeria China S/Arabia Morocco Ghana
