Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (CIF) - 2022
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $902 per ton, which is down by -34.6% against the previous year. Overall, the import price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of 63%. The import price peaked at $1,378 per ton in 2021, and then declined rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,505 per ton), while the price for Spain ($633 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (FOB) - 2022
In 2022, the average export price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $771 per ton, rising by 13% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $1,070 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($1,053 per ton), while the average price for exports to Uganda stood at $743 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya
In 2022, after two years of decline, there was significant growth in overseas purchases of acids; saturated acyclic monocarboxylic acids; salts of formic acidses, when their volume increased by 202% to 963 tons. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $868K in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 145 | 85.6 | 154 | 297 | 27.0% |
Netherlands | 120 | 138 | 65.0 | 102 | -5.3% |
Spain | N/A | N/A | N/A | 25.3 | 0% |
Others | 289 | 226 | 220 | 445 | 15.5% |
Total | 554 | 449 | 439 | 868 | 16.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Kenya in 2022:
- China (393.7 tons)
- Netherlands (43.6 tons)
- Spain (40.0 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya
In 2022, shipments abroad of acids; saturated acyclic monocarboxylic acids; salts of formic acidses was finally on the rise to reach 3.4 tons after two years of decline. In general, exports, however, showed a precipitous slump.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses soared to $2.6K in 2022. Over the period under review, exports, however, showed a significant decline.
Export of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uganda | 9.3 | 0.9 | N/A | 1.2 | -49.5% |
Malawi | 0.2 | 0.7 | N/A | 0.2 | 0.0% |
Rwanda | 5.7 | N/A | 0.9 | N/A | -60.3% |
United Arab Emirates | 57.7 | N/A | N/A | N/A | 0% |
Others | 72.9 | 1.6 | 0.9 | 1.3 | -73.9% |
Total | 146 | 3.2 | 1.9 | 2.6 | -73.9% |
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids from Kenya in 2022:
- Uganda (1.6 tons)
- Malawi (0.1 tons)
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