Kenya: Abrasives Market 2024

Abrasives Market Size in Kenya

In 2021, the Kenyan abrasives market increased by 38% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a tangible increase. Abrasives consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Abrasives Exports

Exports from Kenya

In 2021, exports of abrasives (natural) from Kenya soared to X tons, rising by 4,932% against the year before. Over the period under review, exports posted a significant increase. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, abrasives exports skyrocketed to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 1,808% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for abrasives exports from Kenya, with a 57% share of total exports. Moreover, abrasives exports to Rwanda exceeded the volume sent to the second major destination, India (X tons), twofold. Uganda (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Rwanda stood at +110.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Uganda (+91.4% per year).

In value terms, India ($X) emerged as the key foreign market for abrasives (natural) exports from Kenya, comprising 69% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 11% share of total exports. It was followed by Tanzania, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (0.0% per year) and Tanzania (+12.9% per year).

Export Prices by Country

The average abrasives export price stood at $X per ton in 2021, reducing by -72.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 264% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+617.7%), while the prices for the other major destinations experienced mixed trend patterns.

Abrasives Imports

Imports into Kenya

In 2021, overseas purchases of abrasives (natural) were finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 129% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, abrasives imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a remarkable increase. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and the United Arab Emirates (X tons) were the main suppliers of abrasives imports to Kenya, together accounting for 46% of total imports. Australia, South Africa, Thailand, the United States, India and the Netherlands lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +132.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest abrasives suppliers to Kenya were the United States ($X), Australia ($X) and China ($X), with a combined 41% share of total imports. The United Arab Emirates, Turkey, South Africa, Thailand, India and the Netherlands lagged somewhat behind, together comprising a further 38%.

South Africa, with a CAGR of +46.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average abrasives import price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Rwanda (+3,709.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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