Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; formic acids stood at $1,085 per ton in 2022, rising by 42% against the previous year. Over the period under review, the import price saw measured growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 46% against the previous year. The import price peaked at $1,187 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,270 per ton), while the price for China totaled $974 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,688 per ton, increasing by 51% against the previous year. In general, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2017 an increase of 58% against the previous year. Over the period under review, the average export prices reached the maximum at $2,215 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($2,021 per ton), while the average price for exports to Tanzania ($1,013 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+10.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya
In 2022, imports of acids; saturated acyclic monocarboxylic acids; formic acids into Kenya was estimated at 550 tons, therefore, remained relatively stable against 2021 figures. Over the period under review, imports, however, continue to indicate a mild decrease. The growth pace was the most rapid in 2021 when imports increased by 103%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $597K in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 115 | 74.2 | 127 | 171 | 14.1% |
| Germany | 112 | 67.2 | 65.6 | 125 | 3.7% |
| Others | 231 | 169 | 227 | 300 | 9.1% |
| Total | 459 | 310 | 419 | 597 | 9.2% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Kenya in 2022:
- China (176.1 tons)
- Germany (98.3 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya
In 2022, after two years of decline, there was significant growth in overseas shipments of acids; saturated acyclic monocarboxylic acids; formic acids, when their volume increased by 196% to 66 tons. Overall, exports, however, saw a deep setback.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; formic acids surged to $112K in 2022. Over the period under review, exports continue to indicate a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 29.4 | 0% |
| Tanzania | N/A | 5.0 | 3.8 | 14.2 | 68.5% |
| Uganda | 32.3 | 11.9 | 8.2 | 10.5 | -31.2% |
| Rwanda | 13.1 | 0.2 | 0.6 | 1.6 | -50.4% |
| Malawi | 0.7 | 0.5 | N/A | N/A | -28.6% |
| Burundi | 3.6 | N/A | N/A | N/A | 0% |
| Others | 52.3 | 19.4 | 12.5 | 55.8 | 2.2% |
| Total | 102 | 37.0 | 25.1 | 112 | 3.2% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid from Kenya in 2022:
- Turkey (16.8 tons)
- Tanzania (14.0 tons)
- Uganda (5.2 tons)
- Rwanda (1.5 tons)
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