Salts; Molybdates Price in Kenya - 2021
Contents:
- Salts; Molybdates Price in Kenya (CIF) - 2022
- Salts; Molybdates Price in Kenya (FOB) - 2022
- Salts; Molybdates Imports in Kenya
- Salts; Molybdates Exports in Kenya
Salts; Molybdates Price in Kenya (CIF) - 2022
In 2022, the average salts; molybdates import price amounted to $12,149 per ton, dropping by -7.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $14,045 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($12,395 per ton), while the price for India ($12,068 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Molybdates Price in Kenya (FOB) - 2022
In 2022, the average salts; molybdates export price amounted to $23,000 per ton, surging by 18% against the previous year. In general, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 62% against the previous year. The export price peaked at $30,553 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($38,928 per ton), while the average price for exports to Uganda ($19,357 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 (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Salts; Molybdates Imports in Kenya
In 2022, purchases abroad of salts; molybdateses decreased by -11.1% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.6% 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 +50.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.
In value terms, salts; molybdates imports contracted sharply to $177K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports reached the peak of $214K, and then fell rapidly in the following year.
Import of Salts; Molybdates in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 91.6 | 88.1 | 184 | 151 | 18.1% |
China | 24.1 | 47.8 | 24.2 | 19.2 | -7.3% |
Others | 4.1 | 3.2 | 5.7 | 6.6 | 17.2% |
Total | 120 | 139 | 214 | 177 | 13.8% |
Top Suppliers of Salts; Molybdates to Kenya in 2022:
- India (12.5 tons)
- China (1.6 tons)
Salts; Molybdates Exports in Kenya
In 2022, salts; molybdates exports from Kenya fell markedly to 606 kg, which is down by -27.4% compared with the previous year. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 120% against the previous year.
In value terms, salts; molybdates exports shrank to $14K in 2022. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year.
Export of Salts; Molybdates in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Tanzania | 18.9 | 8.3 | 11.2 | 8.5 | -23.4% |
Burundi | 27.0 | 2.2 | 2.6 | 3.8 | -48.0% |
Ethiopia | 2.4 | 0.5 | 1.9 | 1.3 | -18.5% |
Uganda | 1.5 | 0.5 | 0.5 | 0.3 | -41.5% |
Others | 2.4 | 0.1 | 0.1 | 0.1 | -65.3% |
Total | 52.2 | 11.6 | 16.3 | 13.9 | -35.7% |
Top Export Markets for Salts; Molybdates from Kenya in 2022:
- Tanzania (441.0 kg)
- Burundi (97.0 kg)
- Ethiopia (47.0 kg)
- Uganda (14.0 kg)
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