Kenya: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Kenya

The Kenyan metal pickling preparations market shrank slightly to $X in 2021, with a decrease of -2.2% 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). The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell modestly in the following year.

Metal Pickling Preparations Exports

Exports from Kenya

For the fourth consecutive year, Kenya recorded growth in shipments abroad of pickling preparations for metal surfaces, which increased by 129% to X tons in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 306%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal pickling preparations exports surged to $X in 2021. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 127%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Sudan (X tons), Burundi (X tons) and Tanzania (X kg) were the main destinations of metal pickling preparations exports from Kenya, with a combined 91% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burundi (with a CAGR of +66.4%), while the other leaders experienced more modest paces of growth.

In value terms, Burundi ($X) remains the key foreign market for pickling preparations for metal surfaces exports from Kenya, comprising 55% of total exports. The second position in the ranking was held by Sudan ($X), with a 15% share of total exports. It was followed by Rwanda, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Burundi amounted to +53.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+24.8% per year) and Rwanda (+19.0% per year).

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, reducing by -25.4% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2013 when the average export price increased by 40%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Uganda ($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 Tanzania (-4.9%), while the prices for the other major destinations experienced a decline.

Metal Pickling Preparations Imports

Imports into Kenya

Metal pickling preparations imports into Kenya fell to X tons in 2021, waning by -12.1% on the previous year. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, metal pickling preparations imports reached $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest metal pickling preparations supplier to Kenya, with a 57% share of total imports. Moreover, metal pickling preparations imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.6% per year) and the Netherlands (+22.8% per year).

In value terms, India ($X) constituted the largest supplier of pickling preparations for metal surfaces to Kenya, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Israel, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.3% per year) and Israel (+20.9% per year).

Import Prices by Country

In 2021, the average metal pickling preparations import price amounted to $X per ton, rising by 14% against the previous year. Overall, the import price, however, showed a noticeable descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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