Kenya: Octyl Alcohol Market 2024

Octyl Alcohol Market Size in Kenya

The Kenyan octyl alcohol market contracted slightly to $X in 2022, stabilizing at the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.1% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Octyl Alcohol Production in Kenya

In value terms, octyl alcohol production totaled $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 32% against the previous year. Octyl alcohol production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Octyl Alcohol Exports

Exports from Kenya

In 2022, shipments abroad of octanol (octyl alcohol) and isomers thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 543%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, octyl alcohol exports expanded sharply to $X in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 392% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for octyl alcohol exports from Kenya, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda stood at +34.8%.

In value terms, Uganda ($X) also remains the key foreign market for octanol (octyl alcohol) and isomers thereof exports from Kenya.

From 2012 to 2022, the average annual growth rate of value to Uganda amounted to +41.4%.

Export Prices by Country

The average octyl alcohol export price stood at $X per ton in 2022, growing by 5.9% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, octyl alcohol export price decreased by -4.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 75%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +4.9% per year.

Octyl Alcohol Imports

Imports into Kenya

In 2022, imports of octanol (octyl alcohol) and isomers thereof into Kenya dropped to X kg, declining by -7.7% compared with the year before. In general, imports showed a precipitous setback. The growth pace was the most rapid in 2014 with an increase of 602% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, octyl alcohol imports soared to $X in 2022. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2018 when imports increased by 434%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main octyl alcohol supplier to Kenya, with a 92% share of total imports. Moreover, octyl alcohol imports from India exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to -35.2%.

In value terms, India ($X) constituted the largest supplier of octanol (octyl alcohol) and isomers thereof to Kenya, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to -32.5%.

Import Prices by Country

The average octyl alcohol import price stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the import price recorded a strong increase. The growth pace was the most rapid in 2019 an increase of 88%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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 Germany ($X per ton), while the price for India totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+29.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :