Price for Lubricating Preparations Not for the Treatment of Materials in Kenya - 2022

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Kenya (CIF) - 2022
2. Price for Lubricating Preparations Not for the Treatment of Materials in Kenya (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Kenya
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Kenya

Price for Lubricating Preparations Not for the Treatment of Materials in Kenya (CIF) - 2022

In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,475 per ton, declining by -13.3% against the previous year. In general, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $4,519 per ton in 2019; however, from 2020 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 the United States ($12,197 per ton), while the price for China ($1,884 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lubricating Preparations Not for the Treatment of Materials in Kenya (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $1,755 per ton, picking up by 3% against the previous year. In general, the export price, however, saw a slight shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. The export price peaked at $2,026 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($2,699 per ton), while the average price for exports to Democratic Republic of the Congo ($829 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 Rwanda (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lubricating Preparations Not for the Treatment of Materials in Kenya

In 2022, imports of lubricating preparations not for the treatment of materials into Kenya skyrocketed to 2.9K tons, increasing by 52% compared with 2021. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of lubricating preparations not for the treatment of materials surged to $9.9M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Kenya in 2022:

1. China (805.6 tons)
2. Spain (625.9 tons)
3. India (276.7 tons)
4. United Arab Emirates (244.2 tons)
5. Germany (234.2 tons)
6. United States (167.9 tons)
7. Italy (137.5 tons)
8. United Kingdom (104.9 tons)
9. Thailand (38.1 tons)
10. France (31.8 tons)
11. Saudi Arabia (1.1 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Kenya

In 2022, shipments abroad of lubricating preparations not for the treatment of materials increased by 39% to 2.4K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt decrease.

In value terms, exports of lubricating preparations not for the treatment of materials soared to $4.2M in 2022. In general, exports, however, saw a abrupt curtailment.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Kenya in 2022:

1. Ethiopia (748.0 tons)
2. Democratic Republic of the Congo (715.8 tons)
3. Rwanda (295.3 tons)
4. Tanzania (292.9 tons)
5. Zambia (226.7 tons)
6. Burundi (73.6 tons)
7. Uganda (0.9 tons)