Kenya: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Kenya

In 2021, the Kenyan amine-function compounds market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a mild contraction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Amine-Function Compounds Production in Kenya

In value terms, amine-function compounds production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 23%. Amine-function compounds production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Amine-Function Compounds Exports

Exports from Kenya

In 2021, overseas shipments of amine-function compounds were finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a mild downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible shrinkage. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Uganda (X tons) and Ethiopia (X tons) were the main destinations of amine-function compounds exports from Kenya, with a combined 87% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of +3.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from Kenya were Uganda ($X), Zimbabwe ($X) and Ethiopia ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Ethiopia, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average amine-function compounds export price stood at $X per ton in 2021, waning by -4.7% against the previous year. Overall, the export price recorded a slight setback. The growth pace was the most rapid in 2020 an increase of 39%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Zimbabwe ($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 Ethiopia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Kenya

Amine-function compounds imports into Kenya surged to X tons in 2021, rising by 19% compared with the previous year's figure. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 161%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, amine-function compounds imports reached $X in 2021. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 153%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of amine-function compounds to Kenya, with a 47% share of total imports. Moreover, amine-function compounds imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+24.6% per year) and the UK (+36.5% per year).

In value terms, China ($X), India ($X) and the United Arab Emirates ($X) were the largest amine-function compounds suppliers to Kenya, with a combined 79% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +30.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amine-function compounds import price stood at $X per ton in 2021, dropping by -5.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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