Kenya: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Kenya

The Kenyan aromatic hydrocarbon mixtures market soared to $X in 2022, increasing by 33% 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 notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.8% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aromatic Hydrocarbon Mixtures Exports

Exports from Kenya

In 2022, shipments abroad of naphthalene and other aromatic hydrocarbon mixtures increased by 0.5% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 127%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports stood at $X in 2022. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Kenya, accounting for a 98% share of total exports. It was followed by Uganda (X kg), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to +21.1%.

In value terms, Tanzania ($X) remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Kenya, comprising 99% of total exports. The second position in the ranking was taken by Uganda ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania amounted to +6.5%.

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 58%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+53.2%), while the prices for the other major destinations experienced a decline.

Aromatic Hydrocarbon Mixtures Imports

Imports into Kenya

In 2022, imports of naphthalene and other aromatic hydrocarbon mixtures into Kenya soared to X tons, growing by 26% against the previous year. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports soared to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +115.2% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Singapore (X tons) and the Netherlands (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Kenya, together comprising 51% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +25.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Netherlands ($X) and the United Arab Emirates ($X) constituted the largest aromatic hydrocarbon mixtures suppliers to Kenya, with a combined 49% share of total imports.

The Netherlands, with a CAGR of +25.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, picking up by 9.4% against the previous year. Over the period under review, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :