Kenya: Market for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) 2024

Market Size for Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Kenya

In 2021, after six years of growth, there was decline in the Kenyan cyclanes, cyclenes and cycloterpenes market, when its value decreased by -4% to $X. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +52.3% against 2014 indices. Cyclanes, cyclenes and cycloterpenes consumption peaked at $X in 2020, and then contracted in the following year.

Production of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane) in Kenya

In value terms, cyclanes, cyclenes and cycloterpenes production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 25%. Cyclanes, cyclenes and cycloterpenes production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Exports from Kenya

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were exported from Kenya; picking up by 20% compared with 2020. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2018 when exports increased by 600%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, cyclanes, cyclenes and cycloterpenes exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of 533%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Rwanda (X tons) was the main destination for cyclanes, cyclenes and cycloterpenes exports from Kenya, accounting for a 56% share of total exports. Moreover, cyclanes, cyclenes and cycloterpenes exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Rwanda totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+15.8% per year) and Democratic Republic of the Congo (0.0% per year).

In value terms, Rwanda ($X), Tanzania ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for cyclanes, cyclenes and cycloterpenes exported from Kenya worldwide, with a combined 98% share of total exports.

Rwanda, with a CAGR of +32.5%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average cyclanes, cyclenes and cycloterpenes export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Tanzania (+0.5%), while the prices for the other major destinations experienced a decline.

Imports of Cyclanes, Cyclenes And Cycloterpenes (Excluding Cyclohexane)

Imports into Kenya

In 2021, approx. X tons of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) were imported into Kenya; picking up by 21% against the year before. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 713% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cyclanes, cyclenes and cycloterpenes imports soared to $X in 2021. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 757%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) was the main supplier of cyclanes, cyclenes and cycloterpenes to Kenya, accounting for a 94% share of total imports. Moreover, cyclanes, cyclenes and cycloterpenes imports from Egypt exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Egypt stood at -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.4% per year) and the Netherlands (-50.5% per year).

In value terms, Egypt ($X) constituted the largest supplier of cyclanes, cyclenes and cycloterpenes (excluding cyclohexane) to Kenya, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Egypt stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.6% per year) and the Netherlands (-39.9% per year).

Import Prices by Country

In 2021, the average cyclanes, cyclenes and cycloterpenes import price amounted to $X per ton, rising by 22% against the previous year. Overall, the import price saw buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :