Kenya: Albumins And Albuminates Market 2024

Albumins And Albuminates Market Size in Kenya

In 2021, the Kenyan albumins and albuminates market increased by 91% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Albumins And Albuminates Production in Kenya

In value terms, albumins and albuminates production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2020, and then fell modestly in the following year.

Albumins And Albuminates Exports

Exports from Kenya

In 2021, shipments abroad of albumins, albuminates and other derivatives (excluding egg albumin) decreased by -25.9% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 596% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, albumins and albuminates exports declined rapidly to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 541%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for albumins and albuminates exports from Kenya, with a 89% share of total exports. Moreover, albumins and albuminates exports to Tanzania exceeded the volume sent to the second major destination, Somalia (X kg), more than tenfold. The third position in this ranking was held by Burundi (X kg), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania amounted to +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+24.7% per year) and Burundi (0.0% per year).

In value terms, Tanzania ($X) remains the key foreign market for albumins, albuminates and other derivatives (excluding egg albumin) exports from Kenya, comprising 73% of total exports. The second position in the ranking was taken by Burundi ($X), with a 13% share of total exports. It was followed by Rwanda, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania stood at +41.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (0.0% per year) and Rwanda (+32.6% per year).

Export Prices by Country

In 2021, the average albumins and albuminates export price amounted to $X per ton, surging by 13% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, albumins and albuminates export price increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 103% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Somalia ($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 Rwanda (+50.7%), while the prices for the other major destinations experienced a decline.

Albumins And Albuminates Imports

Imports into Kenya

After two years of decline, supplies from abroad of albumins, albuminates and other derivatives (excluding egg albumin) increased by 125% to X kg in 2021. Overall, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 159%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, albumins and albuminates imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 214%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X kg) constituted the largest albumins and albuminates supplier to Kenya, accounting for a 62% share of total imports. Moreover, albumins and albuminates imports from the UK exceeded the figures recorded by the second-largest supplier, India (X kg), twofold. The third position in this ranking was taken by Swaziland (X kg), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled +42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+35.3% per year) and Swaziland (-24.4% per year).

In value terms, Swaziland ($X) constituted the largest supplier of albumins, albuminates and other derivatives (excluding egg albumin) to Kenya, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with a 6.6% share of total imports. It was followed by the UK, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from Swaziland amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+23.4% per year) and the UK (+5.0% per year).

Import Prices by Country

In 2021, the average albumins and albuminates import price amounted to $X per ton, rising by 38% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 410%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Swaziland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+74.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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