Kenya: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Kenya

The Kenyan phosphinates and phosphonates market dropped to $X in 2022, with a decrease of -8.2% against the previous year. In general, consumption recorded a mild shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Phosphinates And Phosphonates Production in Kenya

In value terms, phosphinates and phosphonates production fell to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Phosphinates And Phosphonates Exports

Exports from Kenya

In 2022, exports of phosphinates (hypophosphites) and phosphonates (phosphites) from Kenya surged to X tons, growing by 73% compared with 2021 figures. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2017 when exports increased by 1,212% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphinates and phosphonates exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 885%. The exports peaked 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 phosphinates and phosphonates exports from Kenya, with a 89% share of total exports. Moreover, phosphinates and phosphonates exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled +58.5%.

In value terms, Uganda ($X) emerged as the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Kenya, comprising 87% of total exports. The second position in the ranking was held by Tanzania ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uganda amounted to +43.0%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, waning by -29% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 63%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-7.5%).

Phosphinates And Phosphonates Imports

Imports into Kenya

For the fourth year in a row, Kenya recorded growth in supplies from abroad of phosphinates (hypophosphites) and phosphonates (phosphites), which increased by 12% to X tons in 2022. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 388%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, phosphinates and phosphonates imports reduced to $X in 2022. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of 230%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and South Africa (X tons) were the main suppliers of phosphinates and phosphonates imports to Kenya, together accounting for 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Turkey ($X) appeared to be the largest phosphinates and phosphonates suppliers to Kenya, with a combined 87% share of total imports.

In terms of the main suppliers, China, with a CAGR of +43.6%, 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

The average phosphinates and phosphonates import price stood at $X per ton in 2022, with a decrease of -23.9% against the previous year. Over the period under review, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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