Report Update Nov 1, 2024

Kenya - Artificial and Prepared Waxes of Polyethylene Glycol - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Polyethylene Glycol Wax Market 2024

Polyethylene Glycol Wax Market Size in Kenya

After four years of growth, the Kenyan polyethylene glycol wax market decreased by -7.2% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Polyethylene glycol wax consumption peaked at $X in 2020, and then reduced in the following year.

Polyethylene Glycol Wax Production in Kenya

In value terms, polyethylene glycol wax production fell to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Polyethylene glycol wax production peaked at $X in 2020, and then fell in the following year.

Polyethylene Glycol Wax Exports

Exports from Kenya

In 2021, polyethylene glycol wax exports from Kenya declined to X tons, with a decrease of -8.2% compared with the year before. Over the period under review, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2019 when exports increased by 356%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol wax exports contracted to $X in 2021. Overall, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2019 with an increase of 82%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for polyethylene glycol wax exports from Kenya, accounting for a 98% share of total exports. It was followed by Rwanda (X kg), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda stood at +2.9%.

In value terms, Rwanda ($X) remains the key foreign market for artificial and prepared waxes of polyethylene glycol exports from Kenya, comprising 44% of total exports. The second position in the ranking was taken by Uganda ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Rwanda totaled -55.2%.

Export Prices by Country

The average polyethylene glycol wax export price stood at $X per ton in 2021, with an increase of 3.4% against the previous year. Overall, the export price, however, showed a significant decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices attained the maximum 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 Rwanda ($X per ton), while the average price for exports to Uganda amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+4.3%).

Polyethylene Glycol Wax Imports

Imports into Kenya

In 2021, after three years of decline, there was significant growth in overseas purchases of artificial and prepared waxes of polyethylene glycol, when their volume increased by 894% to X tons. In general, imports continue to indicate a buoyant increase. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol wax imports surged to $X in 2021. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 597%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of polyethylene glycol wax to Kenya, with a 44% share of total imports. Moreover, polyethylene glycol wax imports from Italy exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. India (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+119.3% per year) and India (+28.5% per year).

In value terms, the largest polyethylene glycol wax suppliers to Kenya were Israel ($X), Italy ($X) and India ($X), with a combined 79% share of total imports.

Israel, with a CAGR of +77.7%, recorded the highest rates of growth with regard to 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 polyethylene glycol wax import price stood at $X per ton in 2021, declining by -30.9% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a 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 India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial and prepared waxes of polyethylene glycol in the world?

China constituted the country with the largest volume of polyethylene glycol wax consumption, accounting for 25% of total volume. Moreover, polyethylene glycol wax consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of artificial and prepared waxes of polyethylene glycol in the world?

China constituted the country with the largest volume of polyethylene glycol wax production, comprising approx. 24% of total volume. Moreover, polyethylene glycol wax production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the leading suppliers of artificial and prepared waxes of polyethylene glycol to Kenya?

In value terms, Italy, India and Egypt constituted the largest polyethylene glycol wax suppliers to Kenya, together comprising 83% of total imports. South Africa, Israel and China lagged somewhat behind, together comprising a further 16%.

What are the leading importers of artificial and prepared waxes of polyethylene glycol from Kenya?

In value terms, the largest markets for polyethylene glycol wax exported from Kenya were Tanzania $401), Rwanda $282) and Uganda $23), with a combined 100% share of total exports.

What is the average export price for artificial and prepared waxes of polyethylene glycol in Kenya?

The average polyethylene glycol wax export price stood at $3,268 per ton in 2021, reducing by -43.8% against the previous year.

What is the average import price for artificial and prepared waxes of polyethylene glycol in Kenya?

In 2021, the average polyethylene glycol wax import price amounted to $2,306 per ton, with a decrease of -64.3% against the previous year.

This report provides an in-depth analysis of the polyethylene glycol wax market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20414270 - Artificial and prepared waxes of polyethylene glycol

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023