Kenya: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Kenya

The Kenyan halogenated hydrocarbon derivative market dropped to $X in 2022, which is down by -5.7% 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 saw a deep downturn. Halogenated hydrocarbon derivative consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Halogenated Hydrocarbon Derivative Exports

Exports from Kenya

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were exported from Kenya; waning by -37.2% compared with the year before. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 290%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative exports contracted dramatically to $X in 2022. Overall, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 244%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Madagascar (X tons) were the main destinations of halogenated hydrocarbon derivative exports from Kenya, together comprising 82% of total exports. Malawi and Rwanda lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +14.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for halogenated hydrocarbon derivative exported from Kenya were Tanzania ($X), Uganda ($X) and Madagascar ($X), with a combined 74% share of total exports. Rwanda and Malawi lagged somewhat behind, together accounting for a further 11%.

Rwanda, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, among 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 halogenated hydrocarbon derivative export price stood at $X per ton in 2022, with an increase of 2.8% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Malawi ($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 India (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Halogenated Hydrocarbon Derivative Imports

Imports into Kenya

In 2022, approx. X tons of halogenated derivatives of hydrocarbons were imported into Kenya; waning by -4.1% against 2021. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 43% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative imports reduced to $X in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Kenya, accounting for a 57% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.2% per year) and France (-8.8% per year).

In value terms, China ($X), India ($X) and Belgium ($X) were the largest halogenated hydrocarbon derivative suppliers to Kenya, with a combined 84% share of total imports.

China, with a CAGR of +19.6%, 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 mixed trend patterns.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, declining by -4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($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 UK (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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