Salts; Molybdates Price in Kenya - 2021

Contents:

  1. Salts; Molybdates Price in Kenya (CIF) - 2022
  2. Salts; Molybdates Price in Kenya (FOB) - 2022
  3. Salts; Molybdates Imports in Kenya
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
India91.688.118415118.1%
China24.147.824.219.2-7.3%
Others4.13.25.76.617.2%
Total12013921417713.8%

Top Suppliers of Salts; Molybdates to Kenya in 2022:

  1. India (12.5 tons)
  2. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Tanzania18.98.311.28.5-23.4%
Burundi27.02.22.63.8-48.0%
Ethiopia2.40.51.91.3-18.5%
Uganda1.50.50.50.3-41.5%
Others2.40.10.10.1-65.3%
Total52.211.616.313.9-35.7%

Top Export Markets for Salts; Molybdates from Kenya in 2022:

  1. Tanzania (441.0 kg)
  2. Burundi (97.0 kg)
  3. Ethiopia (47.0 kg)
  4. Uganda (14.0 kg)

Source: IndexBox Market Intelligence Platform

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