Report Update Nov 1, 2024

Kenya - Esters of Methacrylic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Methacrylic Acid Esters Market 2024

Methacrylic Acid Esters Market Size in Kenya

The Kenyan methacrylic acid esters market dropped dramatically to $X in 2022, waning by -32.9% 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, however, continues to indicate a prominent increase. Methacrylic acid esters consumption peaked at $X in 2021, and then reduced remarkably in the following year.

Methacrylic Acid Esters Exports

Exports from Kenya

Methacrylic acid esters exports from Kenya amounted to X kg in 2021, flattening at the year before. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2018. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, methacrylic acid esters exports amounted to $X in 2021. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X kg) was the main destination for methacrylic acid esters exports from Kenya, accounting for a approx. 50% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to France was relatively modest.

From 2015 to 2021, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

The average methacrylic acid esters export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for France.

From 2015 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Methacrylic Acid Esters Imports

Imports into Kenya

In 2022, the amount of esters of methacrylic acid imported into Kenya declined sharply to X tons, reducing by -35% compared with 2021 figures. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 233%. As a result, imports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, methacrylic acid esters imports declined rapidly to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 247% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted significantly in the following year.

Imports by Country

India (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of methacrylic acid esters imports to Kenya, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +18.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, India ($X) constituted the largest supplier of esters of methacrylic acid to Kenya, comprising 55% of total imports. The second position in the ranking was taken by China ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.1% per year) and the Netherlands (-3.5% per year).

Import Prices by Country

The average methacrylic acid esters import price stood at $X per ton in 2022, increasing by 5.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters consumption in 2020 were China, Singapore and the United States, with a combined 30% share of global consumption.

What are the largest producers of esters of methacrylic acid in the world?

The countries with the highest volumes of methacrylic acid esters production in 2020 were Singapore, the UK and the United States, with a combined 46% share of global production. Japan, Saudi Arabia, Thailand and Germany lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of esters of methacrylic acid to Kenya?

In value terms, China constituted the largest supplier of methacrylic acid esters to Kenya, comprising 86% of total imports. The second position in the ranking was occupied by the Netherlands, with a 3.5% share of total imports.

What is the average export price for esters of methacrylic acid in Kenya?

The average methacrylic acid esters export price stood at $11,080 per ton in 2017, stabilizing at the previous year.

What is the average import price for esters of methacrylic acid in Kenya?

The average methacrylic acid esters import price stood at $3,037 per ton in 2020, declining by -12.3% against the previous year.

This report provides an in-depth analysis of the methacrylic acid esters market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143340 - Esters of methacrylic acid

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023