Kenya: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Kenya

In 2022, the Kenyan market for compounds with other nitrogen function (excluding isocyanates) decreased by -10.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a mild increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Kenya

Compounds with other nitrogen function exports from Kenya skyrocketed to X tons in 2022, jumping by 23% compared with the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 497%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, compounds with other nitrogen function exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 282% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for compounds with other nitrogen function exports from Kenya, accounting for a 59% share of total exports. Moreover, compounds with other nitrogen function exports to Rwanda exceeded the volume sent to the second major destination, Uganda (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Rwanda amounted to +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+56.2% per year) and Tanzania (+7.0% per year).

In value terms, Rwanda ($X), Uganda ($X) and Tanzania ($X) were the largest markets for compounds with other nitrogen function exported from Kenya worldwide.

Uganda, with a CAGR of +52.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2015 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Uganda ($X per ton), while the average price for exports to Tanzania ($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 Tanzania (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Kenya

In 2022, overseas purchases of compounds with other nitrogen function (excluding isocyanates) decreased by -6.1% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 162% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports dropped to $X in 2022. Over the period under review, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 with an increase of 196% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest compounds with other nitrogen function supplier to Kenya, accounting for a 77% share of total imports. Moreover, compounds with other nitrogen function imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.9% per year) and the United States (+14.8% per year).

In value terms, China ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Kenya, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 29% share of total imports. It was followed by the United Arab Emirates, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.4% per year) and the United Arab Emirates (-1.7% per year).

Import Prices by Country

The average import price for compounds with other nitrogen function (excluding isocyanates) stood at $X per ton in 2022, falling by -5.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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