Report Update Nov 1, 2024

Kenya - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Kenya

The Kenyan natural bitumen and asphalt market contracted remarkably to $X in 2021, shrinking by -90.1% 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, consumption recorded a sharp shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Kenya

In 2021, shipments abroad of natural bitumen and asphalt decreased by -80.1% to X tons, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of 796% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports declined rapidly to $X in 2021. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 652%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Rwanda (X tons) and Tanzania (X tons) were the main destinations of natural bitumen and asphalt exports from Kenya.

From 2012 to 2021, the biggest increases were recorded for Rwanda (with a CAGR of +27.0%), while shipments for the other leaders experienced a decline.

In value terms, Uganda ($X), Rwanda ($X) and Tanzania ($X) were the largest markets for natural bitumen and asphalt exported from Kenya worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Rwanda, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average natural bitumen and asphalt export price amounted to $X per ton, growing by 81% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2014 an increase of 133% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Burundi ($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 Tanzania (+1.2%), while the prices for the other major destinations experienced a decline.

Imports of Natural Bitumen and Asphalt

Imports into Kenya

In 2021, natural bitumen and asphalt imports into Kenya fell notably to X tons, which is down by -89.7% on the previous year's figure. In general, imports faced a sharp slump. The pace of growth appeared the most rapid in 2015 when imports increased by 184% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, natural bitumen and asphalt imports fell rapidly to $X in 2021. Overall, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 177%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Iran (X tons) and China (X tons) were the main suppliers of natural bitumen and asphalt imports to Kenya, together accounting for 96% of total imports. These countries were followed by Malaysia and South Africa, which together accounted for a further 3.1%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of -16.0%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Iran ($X) and China ($X) constituted the largest natural bitumen and asphalt suppliers to Kenya, together comprising 90% of total imports. Malaysia and South Africa lagged somewhat behind, together accounting for a further 5.3%.

Among the main suppliers, Malaysia, with a CAGR of -11.5%, saw 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

In 2021, the average natural bitumen and asphalt import price amounted to $X per ton, rising by 39% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural bitumen and natural asphalt in the world?

China remains the largest bitumen and asphalt consuming country worldwide, accounting for 24% of total volume. Moreover, bitumen and asphalt consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

What are the largest producers of natural bitumen and natural asphalt in the world?

The country with the largest volume of bitumen and asphalt production was China, accounting for 24% of total volume. Moreover, bitumen and asphalt production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Pakistan, with a 4.7% share.

What are the leading suppliers of natural bitumen and natural asphalt to Kenya?

In value terms, China constituted the largest supplier of bitumen and asphalt to Kenya, comprising 64% of total imports. The second position in the ranking was occupied by the United Arab Emirates, with a 20% share of total imports.

What are the leading importers of natural bitumen and natural asphalt from Kenya?

In value terms, Uganda remains the key foreign market for bitumen and asphalt exports from Kenya, comprising 84% of total exports. The second position in the ranking was occupied by Tanzania, with a 12% share of total exports.

What is the average export price for natural bitumen and natural asphalt in Kenya?

In 2020, the average bitumen and asphalt export price amounted to $415 per ton, falling by -1.9% against the previous year.

What is the average import price for natural bitumen and natural asphalt in Kenya?

The average bitumen and asphalt import price stood at $382 per ton in 2020, falling by -17.8% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023