Kenya: Market for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid 2024

Market Size for Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid in Kenya

For the third consecutive year, the Kenyan market for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid recorded growth in sales value, which increased by 2.8% to $X in 2022. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Exports from Kenya

In 2022, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Kenya stood at X tons, increasing by 2.5% compared with 2021 figures. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 662%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 546% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Rwanda (X kg) were the main destinations of exports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid from Kenya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +46.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid exported from Kenya were Tanzania ($X), Uganda ($X) and Rwanda ($X).

In terms of the main countries of destination, Tanzania, with a CAGR of +62.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 77%. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Rwanda ($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 Uganda (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dibutyl And Dioctyl Orthophthalates Other Esters Of Orthophthalic Acid

Imports into Kenya

Imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid into Kenya totaled X tons in 2022, surging by 9% compared with the previous year. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid declined slightly to $X in 2022. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 35%. Imports peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Malaysia (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of dibutyl and dioctyl orthophthalates other esters of orthophthalic acid to Kenya, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dibutyl and dioctyl orthophthalates other esters of orthophthalic acid suppliers to Kenya were Malaysia ($X), South Korea ($X) and Vietnam ($X), with a combined 88% share of total imports.

Malaysia, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for dibutyl and dioctyl orthophthalates other esters of orthophthalic acid amounted to $X per ton, which is down by -8.6% against the previous year. In general, the import price recorded a slight setback. The pace of growth appeared the most rapid in 2021 when the average import price increased by 65%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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