Kenya: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2025

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Kenya

The Kenyan reaction initiators and accelerators market contracted modestly to $X in 2022, which is down by -2.8% against the previous year. In general, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Kenya

In value terms, reaction initiators and accelerators production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 153%. Reaction initiators and accelerators production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Kenya

In 2022, approx. X tons of reaction initiators, reaction accelerators and catalytic preparations were exported from Kenya; rising by 39% against 2021. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 320% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, reaction initiators and accelerators exports expanded slightly to $X in 2022. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2016 when exports increased by 222% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Japan (X tons) and India (X tons) were the main destinations of reaction initiators and accelerators exports from Kenya, together accounting for 88% 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 India (with a CAGR of +177.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for reaction initiators, reaction accelerators and catalytic preparations exports from Kenya, comprising 88% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 7.1% share of total exports. It was followed by India, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to +21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+21.0% per year) and India (+82.0% per year).

Export Prices by Country

In 2022, the average reaction initiators and accelerators export price amounted to $X per ton, with a decrease of -24.5% against the previous year. In general, the export price showed a slight setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Africa ($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 Rwanda (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Kenya

After three years of growth, overseas purchases of reaction initiators, reaction accelerators and catalytic preparations decreased by -47.7% to X tons in 2022. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 150%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports shrank markedly to $X in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 115% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of reaction initiators and accelerators imports to Kenya, together accounting for 51% of total imports. Italy, Norway, the United Arab Emirates, Taiwan (Chinese), Canada, South Korea, the United States, Singapore, Japan and Belgium lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +85.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Germany ($X) appeared to be the largest reaction initiators and accelerators suppliers to Kenya, with a combined 41% share of total imports. Italy, Norway, South Korea, Japan, the United Arab Emirates, the United States, Belgium, Taiwan (Chinese), Canada and Singapore lagged somewhat behind, together accounting for a further 49%.

Among the main suppliers, South Korea, with a CAGR of +72.1%, 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 reaction initiators and accelerators import price amounted to $X per ton, surging by 32% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 55%. As a result, import price reached the peak level of $X per ton. From 2014 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 South Korea ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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