Kenya: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Kenya

The Kenyan polystyrene in primary forms market surged to $X in 2021, rising by 57% 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 +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Kenya

In 2021, overseas shipments of polystyrene in primary forms (excluding expansible polystyrene) decreased by -48.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 302%. The exports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, polystyrene in primary forms exports fell notably to $X in 2021. Over the period under review, exports, however, showed a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 307% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Uganda (X tons), South Africa (X tons) and Tanzania (X tons) were the main destinations of polystyrene in primary forms exports from Kenya, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +58.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X), Uganda ($X) and Tanzania ($X) constituted the largest markets for polystyrene in primary forms exported from Kenya worldwide, with a combined 99% share of total exports.

Tanzania, with a CAGR of +27.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average polystyrene in primary forms export price amounted to $X per ton, increasing by 15% against the previous year. In general, the export price, however, recorded a perceptible reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($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 Uganda (+1.3%), while the prices for the other major destinations experienced a decline.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Kenya

Polystyrene in primary forms imports into Kenya skyrocketed to X tons in 2021, rising by 16% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 29%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports soared to $X in 2021. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Saudi Arabia (X tons) were the main suppliers of polystyrene in primary forms imports to Kenya, together accounting for 52% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +26.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Saudi Arabia ($X) and South Korea ($X) appeared to be the largest polystyrene in primary forms suppliers to Kenya, together comprising 51% of total imports. India, Pakistan, Canada, Belgium, China, France, Mauritius and Thailand lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, China, with a CAGR of +35.7%, saw 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

The average polystyrene in primary forms import price stood at $X per ton in 2021, increasing by 46% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked 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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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