Kenya: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Kenya

The Kenyan saturated acyclic monocarboxylic acids market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a pronounced decline. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Saturated Acyclic Monocarboxylic Acids in Kenya

In value terms, saturated acyclic monocarboxylic acids production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Saturated acyclic monocarboxylic acids production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Kenya

In 2022, saturated acyclic monocarboxylic acids exports from Kenya skyrocketed to X tons, with an increase of X% against the previous year's figure. Overall, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Uganda (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Kenya, accounting for a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Uganda exceeded the volume sent to the second major destination, Zambia (X tons), more than tenfold. The third position in this ranking was taken by Rwanda (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Rwanda (X% per year).

In value terms, Uganda ($X) emerged as the key foreign market for saturated acyclic monocarboxylic acids exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Zambia ($X), with a X% share of total exports. It was followed by Ethiopia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (X% per year) and Ethiopia (X% per year).

Export Prices by Country

In 2022, the average saturated acyclic monocarboxylic acids export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated noticeable 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. Based on 2022 figures, saturated acyclic monocarboxylic acids export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Kenya

After two years of growth, supplies from abroad of saturated acyclic monocarboxylic acids decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, saturated acyclic monocarboxylic acids imports fell modestly to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Kenya, with a combined X% share of total imports. Taiwan (Chinese), the Netherlands, Germany, Saudi Arabia, South Africa, the United Arab Emirates and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the United States ($X) constituted the largest saturated acyclic monocarboxylic acids suppliers to Kenya, together accounting for X% of total imports. Taiwan (Chinese), Saudi Arabia, the Netherlands, South Africa, Germany, the United Arab Emirates and Spain lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Saudi Arabia, with a CAGR of X%, 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

In 2022, the average saturated acyclic monocarboxylic acids import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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