Ester Gums Price in Kenya - 2021
Contents:
- Ester Gums Price in Kenya (CIF) - 2022
- Ester Gums Price in Kenya (FOB) - 2022
- Ester Gums Imports in Kenya
- Ester Gums Exports in Kenya
Ester Gums Price in Kenya (CIF) - 2022
In 2022, the average ester gums import price amounted to $1,981 per ton, waning by -2.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29%. As a result, import price attained the peak level of $2,621 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,592 per ton), while the price for Indonesia ($1,573 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the prices for the other major suppliers experienced a decline.
Ester Gums Price in Kenya (FOB) - 2022
In 2022, the average ester gums export price amounted to $341 per ton, shrinking by -11.9% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 68%. As a result, the export price attained the peak level of $2,825 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
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 Uganda amounted to -14.5% per year.
Ester Gums Imports in Kenya
After three years of growth, overseas purchases of ester gumses decreased by -17.4% to 56 tons in 2022. Over the period under review, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 149%.
In value terms, ester gums imports fell markedly to $110K in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 121% against the previous year.
| Import of Ester Gums in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 17.7 | 54.6 | 32.8 | 49.9 | 41.3% |
| China | 10.0 | 6.2 | 23.1 | 32.2 | 47.7% |
| India | 9.5 | 21.9 | 19.4 | 27.0 | 41.6% |
| Others | 0.4 | 0.3 | 62.1 | 1.1 | 40.1% |
| Total | 37.6 | 83.0 | 137 | 110 | 43.0% |
Top Suppliers of Ester Gums to Kenya in 2022:
- Indonesia (31.7 tons)
- China (12.4 tons)
- India (11.3 tons)
Ester Gums Exports in Kenya
In 2022, ester gums exports from Kenya stood at 26 tons, increasing by 7.4% compared with the previous year. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 102% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, ester gums exports dropped to $8.8K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 77%.
| Export of Ester Gums in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 4.6 | 8.2 | 9.2 | 8.7 | 23.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.7 | 8.3 | 9.3 | 8.8 | 23.3% |
Top Export Markets for Ester Gums from Kenya in 2022:
- Uganda (25.9 tons)
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