Kenya: Degras Market 2024

Degras Market Size in Kenya

In 2021, the Kenyan degras market decreased by -13.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Degras Production in Kenya

In value terms, degras production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period 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 2020 when the production volume increased by 36%. As a result, production reached the peak level of $X, and then fell in the following year.

Degras Exports

Exports from Kenya

Degras exports from Kenya reduced markedly to X tons in 2021, waning by -24.4% compared with the previous year's figure. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,864%. As a result, the exports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, degras exports amounted to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,501% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for degras exports from Kenya, with a 90% share of total exports. Moreover, degras exports to Japan exceeded the volume sent to the second major destination, Uganda (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +66.7%.

In value terms, Japan ($X) remains the key foreign market for degras exports from Kenya, comprising 95% of total exports. The second position in the ranking was taken by Uganda ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +29.2%.

Export Prices by Country

In 2021, the average degras export price amounted to $X per ton, increasing by 41% against the previous year. Overall, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 82% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($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 Uganda (-19.5%).

Degras Imports

Imports into Kenya

After four years of decline, supplies from abroad of degras increased by 14% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 1,188% against the previous year. Imports peaked at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, degras imports expanded remarkably to $X in 2021. Overall, imports, however, recorded a dramatic downturn. The growth pace was the most rapid in 2015 with an increase of 597% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest degras supplier to Kenya, with a 89% share of total imports. Moreover, degras imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. The third position in this ranking was held by Indonesia (X kg), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+4.4% per year) and Indonesia (-78.1% per year).

In value terms, Malaysia ($X) constituted the largest supplier of degras to Kenya, comprising 88% of total imports. The second position in the ranking was held by India ($X), with a 6.2% share of total imports. It was followed by Indonesia, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.7% per year) and Indonesia (-84.9% per year).

Import Prices by Country

The average degras import price stood at $X per ton in 2021, falling by -7.8% against the previous year. In general, the import price faced a sharp decrease. The pace of growth appeared the most rapid in 2013 an increase of 2.7%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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