Price for Poly(Lactic Acid); in Primary Forms in Kenya - 2021

Contents:

1. Price for Poly(Lactic Acid); in Primary Forms in Kenya (CIF) - 2022
2. Price for Poly(Lactic Acid); in Primary Forms in Kenya (FOB) - 2022
3. Imports of Poly(Lactic Acid); in Primary Forms in Kenya
4. Exports of Poly(Lactic Acid); in Primary Forms in Kenya

Price for Poly(Lactic Acid); in Primary Forms in Kenya (CIF) - 2022

The average import price for poly(lactic acid); in primary formses stood at $625 per ton in 2022, growing by 7% against the previous year. Overall, the import price, however, continues to indicate a deep setback. Over the period under review, average import prices reached the peak figure at $1,841 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 United States ($12,476 per ton), while the price for South Korea stood at $568 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Poly(Lactic Acid); in Primary Forms in Kenya (FOB) - 2022

In 2022, the average export price for poly(lactic acid); in primary formses amounted to $1,972 per ton, shrinking by -12.9% against the previous year. In general, the export price showed a abrupt decline. The growth pace was the most rapid in 2021 an increase of 29%. The export price peaked at $3,338 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +148.2% per year.

Imports of Poly(Lactic Acid); in Primary Forms in Kenya

In 2022, after three years of growth, there was decline in purchases abroad of poly(lactic acid); in primary formses, when their volume decreased by -4.4% to 145 tons. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 101% against the previous year.

In value terms, poly(lactic acid); in primary forms imports amounted to $90K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% 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 -2.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 99%. As a result, imports reached the peak of $92K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Poly(Lactic Acid); in Primary Forms to Kenya in 2022:

1. South Korea (143.9 tons)

Exports of Poly(Lactic Acid); in Primary Forms in Kenya

After three years of growth, overseas shipments of poly(lactic acid); in primary formses decreased by -21.7% to 41 tons in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. As a result, the exports reached the peak of 52 tons, and then fell dramatically in the following year.

In value terms, poly(lactic acid); in primary forms exports reduced dramatically to $81K in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. As a result, the exports attained the peak of $119K, and then contracted markedly in the following year.

Top Export Markets for Poly(Lactic Acid); in Primary Forms from Kenya in 2022:

1. Rwanda (41.1 tons)

Source: IndexBox Market Intelligence Platform