Kenya: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Kenya

The Kenyan cyclic hydrocarbons market soared to $X in 2021, surging by 18% against the previous year. In general, consumption, however, saw a slight contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Cyclic Hydrocarbons Production in Kenya

In value terms, cyclic hydrocarbons production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports from Kenya

In 2021, overseas shipments of other cyclic hydrocarbons decreased by -81.3% to X kg, falling for the second consecutive year after four years of growth. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons exports reduced notably to $X in 2021. In general, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2019 when exports increased by 97%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X kg), South Sudan (X kg) and Burundi (X kg) were the main destinations of cyclic hydrocarbons exports from Kenya, with a combined 90% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Sudan (with a CAGR of +90.0%), while shipments for the other leaders experienced a decline.

In value terms, Uganda ($X) remains the key foreign market for other cyclic hydrocarbons exports from Kenya, comprising 68% of total exports. The second position in the ranking was taken by Burundi ($X), with an 18% share of total exports. It was followed by South Sudan, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uganda totaled -23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (-18.6% per year) and South Sudan (+18.1% per year).

Export Prices by Country

The average cyclic hydrocarbons export price stood at $X per ton in 2021, which is down by -14.8% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2020 when the average export price increased by 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tanzania ($X per ton), while the average price for exports to South Sudan ($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 Burundi (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into Kenya

In 2021, after two years of growth, there was significant decline in purchases abroad of other cyclic hydrocarbons, when their volume decreased by -27.5% to X tons. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 2,134%. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, cyclic hydrocarbons imports shrank significantly to $X in 2021. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,327% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of cyclic hydrocarbons to Kenya, with a 86% share of total imports. Moreover, cyclic hydrocarbons imports from Israel exceeded the figures recorded by the second-largest supplier, Singapore (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+29.5% per year) and the Netherlands (-21.8% per year).

In value terms, Israel ($X) constituted the largest supplier of other cyclic hydrocarbons to Kenya, comprising 92% of total imports. The second position in the ranking was held by Singapore ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Israel stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+23.0% per year) and the Netherlands (-19.0% per year).

Import Prices by Country

The average cyclic hydrocarbons import price stood at $X per ton in 2021, reducing by -22.9% against the previous year. Over the period under review, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2016 an increase of 47% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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