Kenya: Cyclohexanone And Methylcyclohexanones Market 2024

Cyclohexanone And Methylcyclohexanones Market Size in Kenya

The Kenyan cyclohexanone and methylcyclohexanones market declined rapidly to $X in 2021, waning by -25.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Cyclohexanone And Methylcyclohexanones Exports

Exports from Kenya

In 2021, the amount of cyclohexanone and methylcyclohexanones exported from Kenya expanded sharply to X tons, picking up by 11% compared with 2020. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 643% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, cyclohexanone and methylcyclohexanones exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 459% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X tons) was the main destination for cyclohexanone and methylcyclohexanones exports from Kenya, accounting for a 65% share of total exports. Moreover, cyclohexanone and methylcyclohexanones exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Uganda stood at +52.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+46.4% per year) and Rwanda (+34.4% per year).

In value terms, the largest markets for cyclohexanone and methylcyclohexanones exported from Kenya were Uganda ($X), Tanzania ($X) and Rwanda ($X).

Rwanda, with a CAGR of +90.9%, 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

The average cyclohexanone and methylcyclohexanones export price stood at $X per ton in 2021, jumping by 30% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+40.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclohexanone And Methylcyclohexanones Imports

Imports into Kenya

Cyclohexanone and methylcyclohexanones imports into Kenya contracted significantly to X tons in 2021, with a decrease of -21.4% compared with the year before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cyclohexanone and methylcyclohexanones imports contracted notably to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Belgium (X tons) were the main suppliers of cyclohexanone and methylcyclohexanones imports to Kenya, together accounting for 61% of total imports. These countries were followed by Germany, the Netherlands, the United States, Japan, Russia, the United Arab Emirates, Italy and India, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +88.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of cyclohexanone and methylcyclohexanones to Kenya, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Belgium (+0.6% per year).

Import Prices by Country

In 2021, the average cyclohexanone and methylcyclohexanones import price amounted to $X per ton, with a decrease of -3.1% against the previous year. Over the period under review, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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