Kenya: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Kenya

In 2021, the Kenyan market for caustic soda in the solid form decreased by -19.2% to $X, falling for the third consecutive year after two years of growth. Overall, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Kenya

In 2021, after three years of growth, there was significant decline in shipments abroad of caustic soda in the solid form, when their volume decreased by -35.9% to X tons. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by 33% against the previous year. Over the period under review, the exports of caustic soda in solid form reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of caustic soda in the solid form fell markedly to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 29%. Over the period under review, the exports of caustic soda in solid form reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons), Democratic Republic of the Congo (X tons) and Rwanda (X tons) were the main destinations of exports of caustic soda in the solid form from Kenya, together accounting for 84% of total exports. These countries were followed by Yemen, Uganda, South Sudan, Tanzania, Oman and Ethiopia, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Yemen (with a CAGR of +17.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Democratic Republic of the Congo ($X), Kuwait ($X) and Rwanda ($X) appeared to be the largest markets for caustic soda in the solid form exported from Kenya worldwide, with a combined 81% share of total exports. Uganda, South Sudan, Oman, Tanzania, Yemen and Ethiopia lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Yemen, with a CAGR of +7.2%, 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 a decline.

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, picking up by 12% against the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Uganda ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Kenya

In 2021, the amount of caustic soda in the solid form imported into Kenya fell significantly to X tons, with a decrease of -29.8% compared with 2020. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 79% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in the solid form dropped dramatically to $X in 2021. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 74%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest caustic soda in the solid form supplier to Kenya, accounting for a 64% share of total imports. Moreover, imports of caustic soda in the solid form from India exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.3% per year) and the United Arab Emirates (+41.3% per year).

In value terms, India ($X) constituted the largest supplier of caustic soda in the solid form to Kenya, comprising 59% of total imports. The second position in the ranking was taken by China ($X), with a 9.8% share of total imports. It was followed by Qatar, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.7% per year) and Qatar (-10.8% per year).

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2017 an increase of 45%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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