Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (CIF) - 2022
In 2022, the average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $571 per ton, reducing by -3% against the previous year. Over the period under review, the import price recorded a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 23%. The import price peaked at $1,001 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Netherlands ($1,446 per ton), while the price for Oman ($459 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+22.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $1,455 per ton, jumping by 37% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2014 an increase of 79%. As a result, the export price reached the peak level of $1,758 per ton. From 2015 to 2022, the average 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 Tanzania ($2,134 per ton), while the average price for exports to Uganda ($1,393 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 (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya
In 2022, the amount of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s imported into Kenya soared to 2.8M tons, with an increase of 47% on 2021 figures. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $1.6B in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 628 | 235 | 624 | 1,068 | 19.4% |
| Oman | 22.3 | 53.4 | 45.7 | 163 | 94.1% |
| Belgium | 0.9 | 1.0 | 1.0 | 79.2 | 344.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 72.9 | 0% |
| Netherlands | 105 | 214 | 242 | 72.1 | -11.8% |
| Malaysia | 51.6 | 46.4 | 44.1 | 56.2 | 2.9% |
| Turkey | 0.2 | N/A | N/A | 37.1 | 470.3% |
| Cyprus | N/A | 21.5 | 45.3 | 0.1 | -93.2% |
| Others | 98.0 | 89.6 | 108 | 35.9 | -28.4% |
| Total | 906 | 661 | 1,111 | 1,585 | 20.5% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Kenya in 2022:
- United Arab Emirates (2082.3K tons)
- Oman (355.9K tons)
- Belgium (95.9K tons)
- Malaysia (56.2K tons)
- Taiwan (Chinese) (50.8K tons)
- Turkey (50.2K tons)
- Netherlands (49.9K tons)
- Cyprus (0.1K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya
For the third year in a row, Kenya recorded decline in shipments abroad of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s, which decreased by -40.4% to 234 tons in 2022. Over the period under review, exports saw a sharp downturn.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s shrank notably to $340K in 2022. In general, exports recorded a precipitous slump.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 1,388 | 10.9 | 31.2 | 240 | -44.3% |
| Rwanda | 52.6 | 6.3 | 20.5 | 60.2 | 4.6% |
| Tanzania | 17.4 | 0.7 | 3.1 | 38.8 | 30.6% |
| Zambia | 363 | 14.1 | 57.9 | N/A | -60.1% |
| Mozambique | 207 | 0.2 | 70.2 | N/A | -41.8% |
| Namibia | 939 | 38.5 | 229 | N/A | -50.6% |
| Malaysia | N/A | 578 | N/A | N/A | 0% |
| Others | 29.9 | 1.3 | 5.6 | 0.6 | -72.8% |
| Total | 2,997 | 650 | 417 | 340 | -51.6% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Kenya in 2022:
- Uganda (172.4 tons)
- Rwanda (42.6 tons)
- Tanzania (18.2 tons)
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