Kenya: Market for Rosin And Resin Acids And Derivatives 2024

Market Size for Rosin And Resin Acids And Derivatives in Kenya

In 2022, the Kenyan rosin and resin acids market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a abrupt setback. Rosin and resin acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Rosin And Resin Acids And Derivatives

Exports from Kenya

After two years of decline, shipments abroad of rosin and resin acids and derivatives increased by X% to X tons in 2022. Over the period under review, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rosin and resin acids exports declined to $X in 2022. Overall, exports, however, recorded a significant decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for rosin and resin acids exports from Kenya, with a X% share of total exports. Moreover, rosin and resin acids exports to Rwanda exceeded the volume sent to the second major destination, Mozambique (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda stood at X%.

In value terms, Rwanda ($X) emerged as the key foreign market for rosin and resin acids and derivatives exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Mozambique ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda stood at X%.

Export Prices by Country

In 2022, the average rosin and resin acids export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Mozambique stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced a decline.

Imports of Rosin And Resin Acids And Derivatives

Imports into Kenya

In 2022, purchases abroad of rosin and resin acids and derivatives increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rosin and resin acids imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest rosin and resin acids supplier to Kenya, with a X% share of total imports. Moreover, rosin and resin acids imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Brazil (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

In value terms, India ($X) constituted the largest supplier of rosin and resin acids and derivatives to Kenya, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Brazil (X% per year).

Import Prices by Country

The average rosin and resin acids import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 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 South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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