Price for Iodides and Iodide Oxides in Kenya - 2021

Contents:

1. Price for Iodides and Iodide Oxides in Kenya (CIF) - 2022
2. Price for Iodides and Iodide Oxides in Kenya (FOB) - 2022
3. Imports of Iodides and Iodide Oxides in Kenya
4. Exports of Iodides and Iodide Oxides in Kenya

Price for Iodides and Iodide Oxides in Kenya (CIF) - 2022

In 2022, the average iodides and iodide oxides import price amounted to $29,781 per ton, increasing by 20% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iodides and iodide oxides import price increased by +167.8% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 66%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 the UK ($35,896 per ton), while the price for India ($21,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iodides and Iodide Oxides in Kenya (FOB) - 2022

In 2022, the average iodides and iodide oxides export price amounted to $44,409 per ton, rising by 1.8% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($165,000 per ton), while the average price for exports to Uganda ($40,498 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 Burundi (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodides and Iodide Oxides in Kenya

In 2022, imports of iodides and iodide oxideses into Kenya reduced markedly to 9.3 tons, with a decrease of -25.7% on 2021 figures. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports reached the peak of 12 tons, and then reduced sharply in the following year.

In value terms, iodides and iodide oxides imports shrank to $276K in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of $309K, and then declined in the following year.

Top Suppliers of Iodides and Iodide Oxides to Kenya in 2022:

1. China (4.5 tons)
2. United Kingdom (2.4 tons)
3. India (1.8 tons)
4. Italy (0.3 tons)
5. Germany (0.1 tons)

Exports of Iodides and Iodide Oxides in Kenya

In 2022, shipments abroad of iodides and iodide oxideses increased by 34% to 235 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp setback.

In value terms, iodides and iodide oxides exports soared to $10K in 2022. In general, exports, however, saw a precipitous setback.

Top Export Markets for Iodides and Iodide Oxides from Kenya in 2022:

1. Uganda (217.0 kg)
2. Tanzania (16.0 kg)

Source: IndexBox Market Intelligence Platform