Kenya: Ethanal Market 2024

Ethanal Market Size in Kenya

The Kenyan ethanal market reduced to $X in 2022, remaining stable against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.7% against 2019 indices. Ethanal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ethanal Production in Kenya

In value terms, ethanal production amounted to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 49%. Ethanal production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ethanal Exports

Exports from Kenya

In 2022, approx. X kg of ethanal (acetaldehyde) were exported from Kenya; jumping by 15% against the previous year. In general, exports, however, recorded a dramatic curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 1,341%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ethanal exports surged to $X in 2022. Overall, exports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2019 with an increase of 1,872%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X kg) was the main destination for ethanal exports from Kenya, with a 70% share of total exports. Moreover, ethanal exports to Rwanda exceeded the volume sent to the second major destination, Burundi (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda amounted to -35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+1.8% per year) and Uganda (-12.1% per year).

In value terms, Rwanda ($X) remains the key foreign market for ethanal (acetaldehyde) exports from Kenya, comprising 86% of total exports. The second position in the ranking was held by Burundi ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Rwanda amounted to -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-7.5% per year) and Uganda (-22.3% per year).

Export Prices by Country

The average ethanal export price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 48%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+20.8%), while the prices for the other major destinations experienced a decline.

Ethanal Imports

Imports into Kenya

Ethanal imports into Kenya was estimated at X kg in 2022, with an increase of 9.1% against the previous year's figure. In general, imports showed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 3,913%. Over the period under review, imports attained the maximum at X kg in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ethanal imports totaled $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 5,931% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of ethanal to Kenya, accounting for a 83% share of total imports. Moreover, ethanal imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-4.4% per year) and India (-32.2% per year).

In value terms, the United States ($X) constituted the largest supplier of ethanal (acetaldehyde) to Kenya, comprising 97% of total imports. The second position in the ranking was held by the UK ($X), with a 0.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-19.6% per year) and India (-37.3% per year).

Import Prices by Country

In 2022, the average ethanal import price amounted to $X per ton, waning by -5.1% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanal import price increased by +9.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 50%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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