Price for Waste, Parings and Scrap, of Plastics in Kenya - 2022

Contents:

1. Price for Waste, Parings and Scrap, of Plastics in Kenya (FOB) - 2022
2. Price for Waste, Parings and Scrap, of Plastics in Kenya (CIF) - 2022
3. Exports of Waste, Parings and Scrap, of Plastics in Kenya
4. Imports of Waste, Parings and Scrap, of Plastics in Kenya

Price for Waste, Parings and Scrap, of Plastics in Kenya (FOB) - 2022

The average export price for waste, parings and scrap, of plasticses stood at $498 per ton in 2022, increasing by 6.2% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 29%. The export price peaked at $807 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($857 per ton), while the average price for exports to Uganda ($238 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 Pakistan (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Waste, Parings and Scrap, of Plastics in Kenya (CIF) - 2022

The average import price for waste, parings and scrap, of plasticses stood at $485 per ton in 2022, shrinking by -26.4% against the previous year. Overall, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 377%. The import price peaked at $668 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Spain ($684 per ton), while the price for Uganda ($233 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Waste, Parings and Scrap, of Plastics in Kenya

Exports of waste, parings and scrap, of plasticses from Kenya totaled 8K tons in 2022, therefore, remained relatively stable against the year before. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of waste, parings and scrap, of plasticses rose significantly to $4M in 2022. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 171%. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Waste, Parings and Scrap, of Plastics from Kenya in 2022:

1. China (1393.5 tons)
2. Turkey (1135.3 tons)
3. Ireland (997.6 tons)
4. Pakistan (768.0 tons)
5. Vietnam (609.9 tons)
6. United States (600.9 tons)
7. Uganda (434.5 tons)
8. Greece (400.0 tons)
9. Germany (336.7 tons)
10. Egypt (274.9 tons)
11. United Kingdom (250.0 tons)
12. Taiwan (Chinese) (150.0 tons)

Imports of Waste, Parings and Scrap, of Plastics in Kenya

In 2022, imports of waste, parings and scrap, of plasticses into Kenya expanded remarkably to 7.3K tons, increasing by 12% on the year before. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% 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 +83.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of waste, parings and scrap, of plasticses dropped notably to $3.6M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +42.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 73%. As a result, imports reached the peak of $4.3M, and then fell significantly in the following year.

Top Suppliers of Waste, Parings and Scrap, of Plastics to Kenya in 2022:

1. China (3.6K tons)
2. Uganda (1.8K tons)
3. Spain (0.9K tons)
4. Japan (0.8K tons)
5. Qatar (0.1K tons)

Source: IndexBox Market Intelligence Platform