Kenya: Market for Natural Bitumen and Asphalt 2025

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

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