Price for Dyes; Reactive Dyes and Preparations Based Thereon in Kenya - 2022

Contents:

1. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Kenya (CIF) - 2022
2. Price for Dyes; Reactive Dyes and Preparations Based Thereon in Kenya (FOB) - 2022
3. Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Kenya
4. Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Kenya

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Kenya (CIF) - 2022

In 2022, the average import price for dyes; reactive dyes and preparations based therea amounted to $6,443 per ton, surging by 3.3% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for dyes; reactive dyes and preparations based therea increased by +9.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 77% against the previous year. Over the period under review, average import prices attained the maximum at $7,501 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($14,379 per ton), while the price for South Korea ($6,064 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Reactive Dyes and Preparations Based Thereon in Kenya (FOB) - 2022

In 2022, the average export price for dyes; reactive dyes and preparations based therea amounted to $9,398 per ton, increasing by 36% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 53%. As a result, the export price attained the peak level of $14,103 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($11,676 per ton), while the average price for exports to Rwanda ($6,407 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Dyes; Reactive Dyes and Preparations Based Thereon in Kenya

In 2022, the amount of dyes; reactive dyes and preparations based therea imported into Kenya expanded sharply to 165 tons, increasing by 11% on 2021. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.3% 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 +67.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of dyes; reactive dyes and preparations based therea stood at $1.1M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to Kenya in 2022:

1. India (113.6 tons)
2. South Korea (45.9 tons)
3. China (4.1 tons)
4. South Africa (1.7 tons)

Exports of Dyes; Reactive Dyes and Preparations Based Thereon in Kenya

In 2022, shipments abroad of dyes; reactive dyes and preparations based therea decreased by -92.5% to 2.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 240% against the previous year. As a result, the exports reached the peak of 33 tons, and then declined notably in the following year.

In value terms, exports of dyes; reactive dyes and preparations based therea shrank notably to $23K in 2022. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 191%.

Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from Kenya in 2022:

1. Uganda (1200.0 kg)
2. Rwanda (900.0 kg)
3. Tanzania (400.0 kg)

Source: IndexBox Market Intelligence Platform