Kenya: Market for Salts Of Acetic Acid 2024

Market Size for Salts Of Acetic Acid in Kenya

In 2022, the Kenyan salts of acetic acid market increased by 90% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Salts Of Acetic Acid

Exports from Kenya

In 2022, the amount of salts of acetic acid exported from Kenya soared to X tons, with an increase of 132% against the previous year's figure. In general, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,513%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, salts of acetic acid exports skyrocketed to $X in 2022. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2019 with an increase of 1,528% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Burundi (X tons) was the main destination for salts of acetic acid exports from Kenya, accounting for a 66% share of total exports. Moreover, salts of acetic acid exports to Burundi exceeded the volume sent to the second major destination, Ethiopia (X tons), twofold. The third position in this ranking was held by Rwanda (X kg), with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Burundi amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+14.9% per year) and Rwanda (-14.8% per year).

In value terms, the largest markets for salts of acetic acid exported from Kenya were Ethiopia ($X), Burundi ($X) and Uganda ($X), together accounting for 87% of total exports.

Ethiopia, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salts of acetic acid export price stood at $X per ton in 2022, rising by 9.3% against the previous year. Overall, the export price showed a pronounced increase. The pace of growth was the most pronounced in 2017 an increase of 103%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Burundi ($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 (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Salts Of Acetic Acid

Imports into Kenya

In 2022, overseas purchases of salts of acetic acid increased by 98% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 2,961%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, salts of acetic acid imports surged to $X in 2022. Over the period under review, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 1,884%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of salts of acetic acid to Kenya, accounting for a 76% share of total imports. Moreover, salts of acetic acid imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by China (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.4% per year) and China (-35.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of salts of acetic acid to Kenya, comprising 75% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-12.1% per year) and the United States (-23.1% per year).

Import Prices by Country

In 2022, the average salts of acetic acid import price amounted to $X per ton, shrinking by -6.8% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 135%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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