Kenya: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Kenya

After two years of decline, the Kenyan unsaturated acyclic hydrocarbons market increased by 15% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Unsaturated Acyclic Hydrocarbons Production in Kenya

In value terms, unsaturated acyclic hydrocarbons production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 45%. Unsaturated acyclic hydrocarbons production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Kenya

In 2021, approx. X tons of unsaturated acyclic hydrocarbons were exported from Kenya; rising by 61% against 2020. Over the period under review, exports showed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 1,205%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports surged to $X in 2021. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 593% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for unsaturated acyclic hydrocarbons exports from Kenya, accounting for a 79% share of total exports. Moreover, unsaturated acyclic hydrocarbons exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Rwanda totaled +84.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+16.1% per year) and Uganda (-18.0% per year).

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from Kenya were Rwanda ($X), Tanzania ($X) and Uganda ($X), together accounting for 100% of total exports.

In terms of the main countries of destination, Rwanda, with a CAGR of +50.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unsaturated acyclic hydrocarbons export price stood at $X per ton in 2021, shrinking by -1.5% against the previous year. Over the period under review, the export price, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 an increase of 213% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Rwanda ($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 Malawi (+214.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Kenya

In 2021, imports of unsaturated acyclic hydrocarbons into Kenya skyrocketed to X tons, with an increase of 579% against the year before. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 2,358%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, unsaturated acyclic hydrocarbons imports surged to $X in 2021. Overall, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 709%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Kenya, accounting for a 24% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. Hong Kong SAR (X kg) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-27.5% per year) and Hong Kong SAR (+222.6% per year).

In value terms, the largest unsaturated acyclic hydrocarbons suppliers to Kenya were South Korea ($X), the United Arab Emirates ($X) and the United States ($X), together comprising 49% of total imports. These countries were followed by South Africa, China, Belgium, Hong Kong SAR and India, which together accounted for a further 22%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +14.0%, recorded 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

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, which is down by -57.8% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 214%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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