Kenya: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Kenya

In 2022, after two years of growth, there was significant decline in the Kenyan polycarboxylic acid market, when its value decreased by -5.6% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Polycarboxylic acid consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Polycarboxylic Acid Exports

Exports from Kenya

In 2022, polycarboxylic acid exports from Kenya contracted sharply to X tons, waning by -44.6% compared with 2021 figures. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1,370% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polycarboxylic acid exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 1,002%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons), Uganda (X tons) and Zambia (X tons) were the main destinations of polycarboxylic acid exports from Kenya, with a combined 89% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +47.8%), while the other leaders experienced a decline.

In value terms, Tanzania ($X), Uganda ($X) and Zambia ($X) appeared to be the largest markets for polycarboxylic acid exported from Kenya worldwide, together comprising 86% of total exports.

Among the main countries of destination, Zambia, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, waning by -1.6% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid export price decreased by -26.3% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Kenya

In 2022, approx. X tons of polycarboxylic acids were imported into Kenya; picking up by 8.9% compared with 2021 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 49%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, polycarboxylic acid imports shrank to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Malaysia (X tons) and China (X tons) were the main suppliers of polycarboxylic acid imports to Kenya, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +77.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Kenya were South Korea ($X), Malaysia ($X) and China ($X), with a combined 83% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +70.7%, recorded the highest rates of growth with regard to 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 2022, the average polycarboxylic acid import price amounted to $X per ton, which is down by -19.4% against the previous year. Over the period under review, the import price showed a pronounced downturn. The growth pace was the most rapid in 2021 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :