Kenya: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Kenya

After four years of decline, the Kenyan market for polyethylene with a specific gravity of less than X, in primary forms increased by 40% to $X in 2021. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Kenya

For the third year in a row, Kenya recorded growth in overseas shipments of polyethylene with a specific gravity of less than X, in primary forms, which increased by 16% to X tons in 2021. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 450%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 293% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Rwanda (X tons), Uganda (X tons) and Tanzania (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Kenya, with a combined 87% share of total exports. These countries were followed by Sudan, South Sudan, Pakistan and Ethiopia, which together accounted for a further 7.2%.

From 2012 to 2021, the biggest increases were recorded for Sudan (with a CAGR of +42.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X), Uganda ($X) and Tanzania ($X) were the largest markets for polyethylene with a specific gravity of less than X exported from Kenya worldwide, together accounting for 89% of total exports. Sudan, South Sudan, Pakistan and Ethiopia lagged somewhat behind, together accounting for a further 6%.

In terms of the main countries of destination, Sudan, with a CAGR of +33.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 26% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to South Sudan ($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 Pakistan (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Kenya

In 2021, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms increased by 8.1% to X tons, rising for the third year in a row after two years of decline. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +10.1% 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 +30.1% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 77%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +11.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 118%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Kenya, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), India ($X) and the United Arab Emirates ($X) were the largest polyethylene with a specific gravity of less than X suppliers to Kenya, together accounting for 63% of total imports.

India, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, picking up by 44% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and Singapore ($X per ton), while the price for India ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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