Report Update Nov 1, 2024

Kenya - Styrene - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Styrene Market 2024

Styrene Market Size in Kenya

The Kenyan styrene market dropped significantly to $X in 2021, reducing by -37.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Styrene Exports

Exports from Kenya

In 2021, approx. X kg of styrene were exported from Kenya; growing by 139% against the previous year's figure. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by 1,081%. As a result, the exports reached the peak of X kg. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, styrene exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 924% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda amounted to +17.9%.

In value terms, Uganda ($X) also remains the key foreign market for styrene exports from Kenya.

From 2012 to 2021, the average annual rate of growth in terms of value to Uganda amounted to +12.4%.

Export Prices by Country

In 2021, the average styrene export price amounted to $X per ton, growing by 38% against the previous year. Overall, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2015 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Uganda amounted to -4.6% per year.

Styrene Imports

Imports into Kenya

In 2021, approx. X tons of styrene were imported into Kenya; reducing by -39.1% on 2020 figures. Overall, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2014 with an increase of 135% against the previous year. Imports peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, styrene imports shrank markedly to $X in 2021. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by 111%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of styrene imports to Kenya, together accounting for 36% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the largest styrene suppliers to Kenya, together comprising 39% of total imports.

The United States, with a CAGR of +16.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average styrene import price amounted to $X per ton, picking up by 5.2% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for styrene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 37% share of global consumption.

What are the largest producers of styrene in the world?

The countries with the highest volumes of in 2021 were the United States, China and Saudi Arabia, with a combined 35% share of global production.

What are the leading suppliers of styrene to Kenya?

In value terms, Saudi Arabia, the Netherlands and the United States constituted the largest styrene suppliers to Kenya, together comprising 60% of total imports.

What are the leading importers of styrene from Kenya?

In value terms, Uganda $214) remains the key foreign market for styrene exports from Kenya.

What is the average export price for styrene in Kenya?

In 2021, the average styrene export price amounted to $566 per ton, surging by 28% against the previous year.

What is the average import price for styrene in Kenya?

The average styrene import price stood at $1,083 per ton in 2021, reducing by -2.3% against the previous year.

This report provides an in-depth analysis of the styrene 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:

Prodcom 20141250 - Styrene

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