Kenya: Rare Gases Market 2024

Rare Gases Market Size in Kenya

The Kenyan rare gases market reduced to $X in 2022, which is down by -8.8% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Rare Gases Production in Kenya

In value terms, rare gases production dropped to $X in 2022 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +13.0% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 72%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Rare Gases Exports

Exports from Kenya

For the fourth year in a row, Kenya recorded decline in overseas shipments of rare gases (excluding argon), which decreased by -6.3% to X cubic meters in 2022. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 102% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, rare gases exports reached $X in 2022. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X cubic meters), Uganda (X cubic meters) and the United Arab Emirates (X cubic meters) were the main destinations of rare gases exports from Kenya, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +56.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Uganda ($X) and the United Arab Emirates ($X) constituted the largest markets for rare gases exported from Kenya worldwide, together comprising 70% of total exports. These countries were followed by Rwanda, Somalia and Burundi, which together accounted for a further 24%.

In terms of the main countries of destination, Somalia, with a CAGR of +52.5%, saw the highest rates of growth with regard to 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 rare gases export price stood at $X per cubic meter in 2022, growing by 7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per cubic meter), while the average price for exports to Burundi ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Kenya

In 2022, after two years of decline, there was significant growth in supplies from abroad of rare gases (excluding argon), when their volume increased by 30% to X cubic meters. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 310%. Over the period under review, imports reached the maximum at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, rare gases imports totaled $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 115% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) constituted the largest supplier of rare gases to Kenya, with a 64% share of total imports. Moreover, rare gases imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Algeria (X cubic meters), fourfold. The third position in this ranking was held by France (X cubic meters), with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+35.3% per year) and France (+70.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rare gases (excluding argon) to Kenya, comprising 57% of total imports. The second position in the ranking was held by Algeria ($X), with a 14% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+29.3% per year) and France (+59.8% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, with a decrease of -18.9% against the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 an increase of 86%. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Algeria ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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