Kenya: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Kenya

The Kenyan oxygen-function amino-compound market totaled $X in 2021, growing by 11% 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, consumption, however, showed buoyant growth. Oxygen-function amino-compound consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Oxygen-Function Amino-Compound Exports

Exports from Kenya

In 2021, approx. X tons of oxygen-function amino-compounds were exported from Kenya; growing by 20% compared with 2020 figures. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 51%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Ethiopia (X tons) was the main destination for oxygen-function amino-compound exports from Kenya, with a 62% share of total exports. Moreover, oxygen-function amino-compound exports to Ethiopia exceeded the volume sent to the second major destination, Uganda (X tons), threefold. Tanzania (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia amounted to +38.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+11.6% per year) and Tanzania (+7.3% per year).

In value terms, Ethiopia ($X) remains the key foreign market for oxygen-function amino-compounds exports from Kenya, comprising 92% of total exports. The second position in the ranking was held by Uganda ($X), with a 3.6% share of total exports. It was followed by Tanzania, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia totaled +36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+8.2% per year) and Tanzania (+7.6% per year).

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, approximately equating the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oxygen-function amino-compound export price decreased by -15.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 101% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen-Function Amino-Compound Imports

Imports into Kenya

Oxygen-function amino-compound imports into Kenya dropped to X tons in 2021, falling by -6.7% compared with 2020 figures. In general, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 79% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, oxygen-function amino-compound imports soared to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +128.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest oxygen-function amino-compound supplier to Kenya, accounting for a 27% share of total imports. Moreover, oxygen-function amino-compound imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.4% per year) and Saudi Arabia (+27.3% per year).

In value terms, China ($X), India ($X) and Italy ($X) were the largest oxygen-function amino-compound suppliers to Kenya, with a combined 55% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +25.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, with an increase of 31% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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