Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya - 2022
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (CIF) - 2022
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (CIF) - 2022
In 2022, the average import price for rubber amounted to $3,912 per ton, which is down by -1.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 48% against the previous year. The import price peaked at $5,346 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($14,433 per ton), while the price for China ($447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (FOB) - 2022
In 2022, the average export price for rubber amounted to $5,915 per ton, dropping by -16.4% against the previous year. In general, the export price faced a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 199% against the previous year. The export price peaked at $25,259 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Tanzania ($11,000 per ton), while the average price for exports to Uganda stood at $6,333 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya
In 2022, approx. 48 tons of rubber were imported into Kenya; picking up by 32% against 2021. In general, imports, however, showed a noticeable curtailment.
In value terms, imports of rubber surged to $189K in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.6 | 2.2 | 1.5 | 74.3 | 205.7% |
| Germany | 3.9 | 12.2 | 10.7 | 39.2 | 115.8% |
| China | 1.7 | 2.2 | 4.5 | 18.1 | 120.0% |
| United Kingdom | 14.5 | 21.5 | 5.4 | 15.8 | 2.9% |
| Italy | 6.1 | 5.0 | 1.8 | 14.5 | 33.5% |
| United Arab Emirates | 2.4 | 1.2 | 0.3 | 2.3 | -1.4% |
| Thailand | 3.5 | 0.3 | 2.2 | N/A | -20.7% |
| Tanzania | 113 | 119 | 104 | N/A | -4.1% |
| Others | 27.3 | 21.1 | 16.2 | 24.7 | -3.3% |
| Total | 175 | 185 | 146 | 189 | 2.6% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Kenya in 2022:
- India (127.7 tons)
- China (40.5 tons)
- Germany (3.4 tons)
- United Arab Emirates (2.6 tons)
- Italy (1.7 tons)
- United Kingdom (1.1 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya
In 2022, exports of rubber from Kenya skyrocketed to 20 tons, growing by 17% against the previous year's figure. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,142%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of rubber reduced to $116K in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 3,609% against the previous year. As a result, the exports attained the peak of $119K, and then dropped slightly in the following year.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 0.2 | N/A | 1.6 | 0.3 | 14.5% |
| Tanzania | 0.4 | 0.1 | 3.5 | 0.1 | -37.0% |
| Democratic Republic of the Congo | 0.6 | 0.5 | 4.5 | N/A | 173.9% |
| United Kingdom | 3.0 | 1.8 | 18.6 | N/A | 149.0% |
| Saudi Arabia | N/A | N/A | 75.0 | N/A | 0% |
| Others | 1.2 | 0.7 | 15.5 | 115 | 357.6% |
| Total | 5.4 | 3.2 | 119 | 116 | 178.0% |
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