Kenya - Benzoic Acid, Its Salts And Esters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBenzoic Acid Price in Kenya - 2021
Contents:
- Benzoic Acid Price in Kenya (CIF) - 2022
- Benzoic Acid Price in Kenya (FOB) - 2022
- Benzoic Acid Imports in Kenya
- Benzoic Acid Exports in Kenya
Benzoic Acid Price in Kenya (CIF) - 2022
The average benzoic acid import price stood at $1,742 per ton in 2022, which is down by -13% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 29%. Over the period under review, average import prices reached the maximum at $2,425 per ton in 2016; however, from 2017 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 Germany ($4,627 per ton), while the price for China ($1,135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced a decline.
Benzoic Acid Price in Kenya (FOB) - 2022
The average benzoic acid export price stood at $2,725 per ton in 2022, stabilizing at the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, benzoic acid export price increased by +82.9% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,751 per ton in 2021, and then contracted slightly in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Tanzania ($3,637 per ton) and Rwanda ($3,424 per ton), while the average price for exports to Uganda ($2,481 per ton) and Ethiopia ($2,509 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Benzoic Acid Imports in Kenya
In 2022, the amount of benzoic acid, its salts and esters imported into Kenya soared to 426 tons, increasing by 17% against the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 decreased by -12.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. As a result, imports reached the peak of 486 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, benzoic acid imports rose modestly to $741K in 2022. The total import value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of $753K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Benzoic Acid in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 209 | 333 | 332 | 337 | 17.3% |
| India | 114 | 98.3 | 153 | 185 | 17.5% |
| Swaziland | 4.6 | 7.3 | 10.3 | 40.3 | 106.1% |
| Germany | 32.1 | 36.8 | 41.3 | 38.6 | 6.3% |
| Netherlands | 46.4 | 73.8 | 64.4 | 6.7 | -47.5% |
| Belgium | 24.9 | 27.3 | 16.6 | 4.0 | -45.6% |
| Others | 179 | 177 | 112 | 130 | -10.1% |
| Total | 610 | 753 | 730 | 741 | 6.7% |
Top Suppliers of Benzoic Acid to Kenya in 2022:
- China (296.9 tons)
- India (56.1 tons)
- Swaziland (16.4 tons)
- Germany (8.3 tons)
- Netherlands (4.3 tons)
- Belgium (1.4 tons)
Benzoic Acid Exports in Kenya
In 2022, after three years of growth, there was significant decline in shipments abroad of benzoic acid, its salts and esters, when their volume decreased by -28.1% to 27 tons. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 79%. As a result, the exports attained the peak of 38 tons, and then dropped significantly in the following year.
In value terms, benzoic acid exports contracted dramatically to $74K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 136%. As a result, the exports attained the peak of $104K, and then reduced dramatically in the following year.
| Export of Benzoic Acid in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 12.1 | 19.9 | 17.6 | 44.7 | 54.6% |
| Norway | N/A | N/A | N/A | 13.1 | 0% |
| Rwanda | 1.5 | 2.5 | 15.1 | 8.3 | 76.9% |
| Tanzania | 9.6 | 20.0 | 40.2 | 5.2 | -18.5% |
| Burundi | 0.7 | 0.5 | 28.0 | 0.8 | 4.6% |
| Others | 0.6 | 1.0 | 2.7 | 1.6 | 38.7% |
| Total | 24.6 | 43.9 | 104 | 73.8 | 44.2% |
Top Export Markets for Benzoic Acid from Kenya in 2022:
- Uganda (18.0 tons)
- Norway (4.3 tons)
- Rwanda (2.4 tons)
- Tanzania (1.4 tons)
- Burundi (0.3 tons)
This report provides an in-depth analysis of the benzoic acid market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143363 - Benzoic acid, its salts and esters
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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