Kenya: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Kenya

After three years of growth, the Kenyan industrial monocarboxylic fatty acids market decreased by -5.3% to $X in 2021. Overall, consumption recorded a slight setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Industrial Monocarboxylic Fatty Acids in Kenya

In value terms, industrial monocarboxylic fatty acids production reduced to $X in 2021 estimated in export price. In general, production saw a slight contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22% against the previous year. Industrial monocarboxylic fatty acids production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Kenya

In 2021, overseas shipments of industrial monocarboxylic fatty acids increased by 109% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 2,790% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, industrial monocarboxylic fatty acids exports skyrocketed to $X in 2021. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 3,227%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Uganda (X tons) was the main destination for industrial monocarboxylic fatty acids exports from Kenya, with a 79% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X tons), sevenfold. The third position in this ranking was taken by Tanzania (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Uganda stood at +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+59.3% per year) and Tanzania (+34.7% per year).

In value terms, Uganda ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Kenya, comprising 76% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 12% share of total exports. It was followed by Malawi, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Uganda totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+48.8% per year) and Malawi (+15.7% per year).

Export Prices by Country

The average industrial monocarboxylic fatty acids export price stood at $X per ton in 2021, declining by -8.4% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Tanzania ($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 Malawi (-3.0%), while the prices for the other major destinations experienced a decline.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Kenya

In 2021, approx. X tons of industrial monocarboxylic fatty acids were imported into Kenya; picking up by 43% on the year before. Overall, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 108% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, industrial monocarboxylic fatty acids imports surged to $X in 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and Turkey (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Kenya, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest industrial monocarboxylic fatty acids suppliers to Kenya were Malaysia ($X), Indonesia ($X) and Turkey ($X), with a combined 98% share of total imports.

Turkey, with a CAGR of +42.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, picking up by 65% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids import price increased by +120.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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