Kenya: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Kenya

The Kenyan iodine, fluorine and bromine market dropped significantly to $X in 2021, shrinking by -69.4% 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 abrupt decrease. Iodine, fluorine and bromine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Kenya

In 2021, approx. X kg of iodine, fluorine and bromine were exported from Kenya; with a decrease of -82.6% against 2020 figures. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2016 with an increase of 220%. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, iodine, fluorine and bromine exports contracted markedly to $X in 2021. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 257% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Rwanda (X kg), Uganda (X kg) and Ethiopia (X kg) were the main destinations of iodine, fluorine and bromine exports from Kenya, with a combined 94% share 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 Rwanda (with a CAGR of +5.4%), while the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for iodine, fluorine and bromine exports from Kenya, comprising 68% of total exports. The second position in the ranking was held by Rwanda ($X), with a 15% share of total exports. It was followed by Djibouti, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to Uganda stood at -15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+6.0% per year) and Djibouti (0.0% per year).

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2021, falling by -15.1% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine export price decreased by -28.2% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Ethiopia ($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 Uganda (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Kenya

In 2021, the amount of iodine, fluorine and bromine imported into Kenya dropped notably to X tons, shrinking by -70.8% on the year before. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 287% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, iodine, fluorine and bromine imports reduced dramatically to $X in 2021. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by 199%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X kg) constituted the largest supplier of iodine, fluorine and bromine to Kenya, accounting for a 57% share of total imports. Moreover, iodine, fluorine and bromine imports from India exceeded the figures recorded by the second-largest supplier, Chile (X kg), twofold. The third position in this ranking was taken by Germany (X kg), with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+3.1% per year) and Germany (+2.8% per year).

In value terms, Chile ($X), Germany ($X) and India ($X) were the largest iodine, fluorine and bromine suppliers to Kenya, with a combined 99% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of -5.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, reducing by -13.9% against the previous year. In general, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 93% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+20.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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