Kenya - Ethyl Acetate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthyl Acetate Price in Kenya - 2021
Contents:
- Ethyl Acetate Price in Kenya (CIF) - 2022
- Ethyl Acetate Price in Kenya (FOB) - 2022
- Ethyl Acetate Imports in Kenya
- Ethyl Acetate Exports in Kenya
Ethyl Acetate Price in Kenya (CIF) - 2022
The average ethyl acetate import price stood at $1,217 per ton in 2022, waning by -18% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 61%. As a result, import price attained the peak level of $1,484 per ton, and then reduced dramatically in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($1,571 per ton) and the United Arab Emirates ($1,431 per ton), while the price for South Africa ($1,093 per ton) and India ($1,226 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethyl Acetate Price in Kenya (FOB) - 2022
The average ethyl acetate export price stood at $1,867 per ton in 2022, falling by -4% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethyl acetate export price decreased by -18.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 68%. Over the period under review, the average export prices reached the peak figure at $2,293 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Rwanda ($2,376 per ton) and Tanzania ($2,362 per ton), while the average price for exports to Uganda ($1,760 per ton) and Ethiopia ($1,858 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 Uganda (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ethyl Acetate Imports in Kenya
After three years of growth, overseas purchases of ethyl acetate decreased by -5.3% to 4.6K tons in 2022. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15%.
In value terms, ethyl acetate imports reduced rapidly to $5.6M in 2022. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $7.2M, and then dropped dramatically in the following year.
| Import of Ethyl Acetate in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.5 | 2.8 | 4.6 | 3.7 | 14.0% |
| South Africa | 1.0 | 0.8 | 1.5 | 1.1 | 3.2% |
| United Arab Emirates | 0.2 | 0.4 | 0.7 | 0.5 | 35.7% |
| Saudi Arabia | 0.2 | N/A | 0.2 | 0.1 | -20.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.9 | 4.0 | 7.2 | 5.6 | 12.8% |
Top Suppliers of Ethyl Acetate to Kenya in 2022:
- India (3043.1 tons)
- South Africa (1025.6 tons)
- United Arab Emirates (339.8 tons)
- Saudi Arabia (79.8 tons)
Ethyl Acetate Exports in Kenya
In 2022, approx. 69 tons of ethyl acetate were exported from Kenya; which is down by -33.7% on 2021. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 332% against the previous year. As a result, the exports attained the peak of 105 tons, and then contracted rapidly in the following year.
In value terms, ethyl acetate exports shrank rapidly to $130K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 266% against the previous year. As a result, the exports attained the peak of $203K, and then declined markedly in the following year.
| Export of Ethyl Acetate in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ethiopia | 16.7 | 2.0 | 158 | 102 | 82.8% |
| Uganda | 39.6 | 22.2 | 30.1 | 19.5 | -21.0% |
| Rwanda | N/A | N/A | N/A | 4.2 | 0% |
| Tanzania | 3.2 | 12.4 | 15.1 | 3.6 | 4.0% |
| Qatar | N/A | 19.0 | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.5 | N/A | 400.0% |
| Total | 59.5 | 55.6 | 203 | 130 | 29.8% |
Top Export Markets for Ethyl Acetate from Kenya in 2022:
- Ethiopia (55.0 tons)
- Uganda (11.1 tons)
- Rwanda (1.8 tons)
- Tanzania (1.5 tons)
This report provides an in-depth analysis of the ethyl acetate 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 20143215 - Ethyl acetate
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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