Report Update Nov 1, 2024

Kenya - Sodium Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Kenya

In 2022, the Kenyan sodium nitrate market decreased by -16.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted rapidly in the following year.

Sodium Nitrate Exports

Exports from Kenya

In 2022, shipments abroad of sodium nitrate decreased by -10% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw measured growth. The pace of growth was the most pronounced in 2020 with an increase of 231% against the previous year. Over the period under review, the exports hit record highs at X kg in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sodium nitrate exports contracted significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 418%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Uganda (X kg) was the main destination for sodium nitrate exports from Kenya, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled +3.3%.

In value terms, Uganda ($X) emerged as the key foreign market for sodium nitrate exports from Kenya.

From 2012 to 2022, the average annual growth rate of value to Uganda stood at +2.3%.

Export Prices by Country

The average sodium nitrate export price stood at $X per ton in 2022, declining by -13.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 108% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Burundi amounted to +90.8% per year.

Sodium Nitrate Imports

Imports into Kenya

In 2022, overseas purchases of sodium nitrate decreased by -19.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 252% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, sodium nitrate imports fell to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 190%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sodium nitrate to Kenya, with a 47% share of total imports. Moreover, sodium nitrate imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by South Africa (X tons), with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.0% per year) and South Africa (+32.9% per year).

In value terms, China ($X), South Africa ($X) and the UK ($X) appeared to be the largest sodium nitrate suppliers to Kenya, with a combined 83% share of total imports. Taiwan (Chinese) lagged somewhat behind, accounting for a further 17%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +47.2%, saw the highest growth rate of 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

The average sodium nitrate import price stood at $X per ton in 2022, picking up by 7% against the previous year. Overall, the import price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sodium nitrate in the world?

Chile constituted the country with the largest volume of sodium nitrate consumption, accounting for 50% of total volume. Moreover, sodium nitrate consumption in Chile exceeded the figures recorded by the second-largest consumer, Ukraine, ninefold. Russia ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of sodium nitrate in the world?

Chile remains the largest sodium nitrate producing country worldwide, comprising approx. 56% of total volume. Moreover, sodium nitrate production in Chile exceeded the figures recorded by the second-largest producer, China, sixfold. Germany ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of sodium nitrate to Kenya?

In value terms, the largest sodium nitrate suppliers to Kenya were South Africa, the UK and Taiwan Chinese), together comprising 92% of total imports.

What are the leading importers of sodium nitrate from Kenya?

In value terms, Burundi $188) and Uganda $130) were the largest markets for sodium nitrate exported from Kenya worldwide.

What is the average export price for sodium nitrate in Kenya?

In 2021, the average sodium nitrate export price amounted to $1,590 per ton, with an increase of 44% against the previous year.

What is the average import price for sodium nitrate in Kenya?

The average sodium nitrate import price stood at $984 per ton in 2021, declining by -28.2% against the previous year.

This report provides an in-depth analysis of the sodium nitrate market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4005 -

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023