Kenya: Herbicide Market 2024

Herbicide Market Size in Kenya

The Kenyan herbicide market amounted to $X in 2021, with an increase of 2.2% 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). Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.8% against 2017 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Herbicide Exports

Exports from Kenya

In 2021, herbicide exports from Kenya dropped notably to X tons, with a decrease of -62% against 2020. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 685%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, herbicide exports dropped dramatically to $X in 2021. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 356% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons), Tanzania (X tons) and Ethiopia (X tons) were the main destinations of herbicide exports from Kenya, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +120.2%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Rwanda ($X) and Ethiopia ($X) appeared to be the largest markets for herbicide exported from Kenya worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Ethiopia, with a CAGR of +123.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average herbicide export price stood at $X per ton in 2021, growing by 39% against the previous year. In general, the export price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 195% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Burundi ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Herbicide Imports

Imports into Kenya

Herbicide imports into Kenya reduced to X tons in 2021, falling by -8.5% compared with 2020. In general, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 121%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, herbicide imports reached $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest herbicide supplier to Kenya, accounting for a 73% share of total imports. Moreover, herbicide imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Belgium (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and Belgium (-2.3% per year).

In value terms, China ($X) constituted the largest supplier of herbicides to Kenya, comprising 66% of total imports. The second position in the ranking was taken by India ($X), with a 7.3% share of total imports. It was followed by Belgium, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.8% per year) and Belgium (-8.5% per year).

Import Prices by Country

In 2021, the average herbicide import price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for South Africa ($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 (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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