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Lipsticks Export Jumps up in 2021

Lipsticks exports from France has increased in the global market, according to IndexBox recent report.

Lip make-up preparations exports totaled 5.9K tonnes, from January through October 2021, representing 11% higher than what it was over the same period of time in the previous year. China is the country with the largest portion of lipstick imports from France, its purchases jumped by 53% over the same period.

The price of lip make-up preparations from the European country was on average estimated at $124 per kg from January to October 2021, a jump of 18% compared to the same period a year before.  

Apart from China, countries including the U.S., Italy, Spain and Singapore increased their imports from France. However, the UK, Russia and Germany’s imports fell. Increase in lipstick supplies denotes an improvement in the world’s cosmetics market.

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By Saha on January 24, 2022

Will Reforms Recover Kenya's Tea Export?

Tea industry in Kenya is constantly weakening in the global market; the revenue saw a decrease by 9.1% in the third quarter of 2021 versus the amount in the same period in 2020, according to Kenya Nation Bureau of Statistics (KNBS).

The report of the third quarter of 2021 Balance of Payments by the bureau declared that gains from tea export shrank from Sh30.5 billion in in the third quarter of 2020 to Sh27.7 billion in the equivalent period in 2021.

KNBS said the drop is chiefly due to a cut in export, falling from 138.6 thousand metric tons to 124.5 thousand metric tons.

The profits have also seen a cutback as opposed to other quarters in 2021; in the second quarter tea exports brought in Sh32.2billion into Kenya and the first quarter’s earnings were Sh35.8billion. The deterioration in one of the top exports in Kenya was remarkable and therefore the agriculture ministry got involved to protect battered farmers who endured losses, regulating a low selling price. 

In August 2021, Ministry of Agriculture set a minimum selling price of $2, following a critical decline in tea cost in a decade.

The price recovered for a period of 2 months after the minimum price was introduced, reaching a five-year high of Sh256. In October, however, it bounced back again.

The second half of the 2021-22 monetary year will hopefully bring better profits for tea farmers following the government reforms.

Meanwhile, national exports in the third quarter of 2021 were worth Sh160.2 billion, a rise of 10.6%, versus the equivalent quarter of 2020, worth Sh144.8billion.

The rise was primarily due to the country’s exports of agriculture, apparel items, edible supplies, as well as titanium ores. Considerable rises were seen in the exports of non-food industrial products (a jump by 20.5%) and consumer products (by 16.3%).

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By Saha on January 9, 2022

Exports Rise in Kenya

Kenya National Bureau of Statistics shows thriving signs in the country’s exports in 2 months (August-September, 2020). The total amount surged from Sh54.16 billion in August to Sh54.61 billion in September. The study also shows that the top export, 43.8%, has been seen in food and beverages in September and non-food industrial products totaled 24.4%. Broad Economic Categories revealed that non-food industrial products included top imports in September, 2020. Machinery stood for 15.06% of the total imported supplies, while transport equipment and fuels import stood for 11.91% and 11.88% respectively. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Nigeria's Export To Diaspora Growing

Data from THISDAY reveals Nigeria’s exports via air has expanded, the majority sent over to the Nigerians abroad. Nigerians living in Diaspora look for native food items and other products, according to Basil Agboarumi, CEO of Skyway Aviation Handling Company. Almost all the products go to Europe and the United States, he said, stating countries hold their own regulation for the products’ screening and conservation. Handling companies hold certificates to export products, Agboarumi added. He pointed to the expanded quantity of export in the last few years and said with the export’s growth, handling companies should be equipped with essential facilities and work based on standards. Emphasizing that air cargo export has risen, he said most food products are exported to the UK as there’s a large number of Nigerians there, second comes Germany and third is the US. Recently, there has been a rise in perishable items including vegetables, he said. Fibers, average of 5 tons a week, are delivered to Brussels, Prague and Frankfurt, he also added. Nigerian Export Promotion Council helps businesses, with an interest in export, to easily get involved in products transport. Samira H.
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By Samira Hassanzadeh on October 19, 2021

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