Kenya: Natural Polymers Market 2024

Natural Polymers Market Size in Kenya

The Kenyan natural polymers market soared to $X in 2021, picking up by 59% 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, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 +67.8% against 2018 indices. Natural polymers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Natural Polymers Exports

Exports from Kenya

In 2021, approx. X tons of natural and modified natural polymers in primary forms were exported from Kenya; surging by 83% compared with the previous year's figure. Over the period under review, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 435% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, natural polymers exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 699%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for natural polymers exports from Kenya, accounting for a 46% share of total exports. Moreover, natural polymers exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. Uganda (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+46.7% per year) and Uganda (-8.3% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for natural and modified natural polymers in primary forms exports from Kenya, comprising 90% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 3.7% share of total exports. It was followed by Tanzania, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Democratic Republic of the Congo amounted to +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+20.3% per year) and Tanzania (-29.4% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, surging by 37% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by 50%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Uganda ($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 Democratic Republic of the Congo (+36.3%), while the prices for the other major destinations experienced a decline.

Natural Polymers Imports

Imports into Kenya

In 2021, purchases abroad of natural and modified natural polymers in primary forms increased by 32% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, natural polymers imports surged to $X in 2021. Over the period under review, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Canada (X tons) and Egypt (X tons) were the main suppliers of natural polymers imports to Kenya, with a combined 77% share of total imports. These countries were followed by the United States, Tanzania, Uganda and India, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tanzania (with a CAGR of +38.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Kenya, comprising 30% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-4.2% per year) and the United States (+3.7% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, picking up by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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