Kenya: Amino-Resin Market 2024

Amino-Resin Market Size in Kenya

In 2022, the Kenyan amino-resin market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, posted a strong expansion. Over the period under review, the market reached the peak level at $X in 2021, and then fell slightly in the following year.

Amino-Resin Exports

Exports from Kenya

In 2022, exports of amino-resins, phenolic resins and polyurethanes (in primary forms) from Kenya expanded slightly to X tons, growing by X% against the previous year's figure. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, amino-resin exports rose rapidly to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Burundi (X tons) were the main destinations of amino-resin exports from Kenya, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amino-resin exported from Kenya were Tanzania ($X), Uganda ($X) and Rwanda ($X), together accounting for X% of total exports.

Among the main countries of destination, Uganda, with a CAGR of X%, saw the highest growth rate of 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 amino-resin export price stood at $X per ton in 2022, surging by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 Tanzania ($X per ton), while the average price for exports to Burundi ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced a decline.

Amino-Resin Imports

Imports into Kenya

In 2022, overseas purchases of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced slightly in the following year.

In value terms, amino-resin imports shrank to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Egypt (X tons) were the main suppliers of amino-resin imports to Kenya, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Kenya, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and India (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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