Kenya - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Kenya - 2021
Contents:
- Price for Processed Petroleum Oils and Distillates in Kenya (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Kenya (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Kenya
- Exports of Processed Petroleum Oils and Distillates in Kenya
Price for Processed Petroleum Oils and Distillates in Kenya (CIF) - 2022
In 2022, the average import price for processed petroleum oils and distillates amounted to $432 per ton, remaining stable against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. Over the period under review, average import prices attained the peak figure at $1,500 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 Netherlands ($642 per ton), while the price for Indonesia ($173 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-10.0%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in Kenya (FOB) - 2022
In 2022, the average export price for processed petroleum oils and distillates amounted to $688 per ton, jumping by 57% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price increased by 154%. Over the period under review, the average export prices reached the peak figure at $11,729 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($3,066 per ton), while the average price for exports to Malaysia ($310 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 South Sudan (+5.5%), while the prices for the other major destinations experienced a decline.
Imports of Processed Petroleum Oils and Distillates in Kenya
After three years of growth, purchases abroad of processed petroleum oils and distillates decreased by -19.1% to 4.6M tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 5.7M tons, and then reduced remarkably in the following year.
In value terms, processed petroleum oils and distillates imports reduced rapidly to $2B in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports attained the peak of $2.5B, and then declined rapidly in the following year.
| Import of Processed Petroleum Oils and Distillates in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,002 | 412 | 1,076 | 706 | -11.0% |
| Oman | 72.5 | 91.1 | 319 | 267 | 54.4% |
| India | 405 | 386 | 287 | 231 | -17.1% |
| United Arab Emirates | 268 | 334 | 268 | 212 | -7.5% |
| Netherlands | 24.0 | 38.1 | 93.5 | 132 | 76.5% |
| Belgium | 3.7 | 27.7 | 92.3 | 81.3 | 180.1% |
| Taiwan (Chinese) | N/A | N/A | N/A | 73.5 | 0% |
| Malaysia | 2.0 | 4.9 | 18.9 | 66.0 | 220.8% |
| Norway | 30.8 | 36.9 | 68.6 | 46.8 | 15.0% |
| China | 4.2 | 7.7 | 2.5 | 37.7 | 107.8% |
| Bahrain | 5.9 | 34.0 | 14.1 | 32.7 | 77.0% |
| Singapore | 40.2 | 53.7 | 80.4 | 32.6 | -6.7% |
| Indonesia | 20.8 | 21.5 | 34.4 | 20.3 | -0.8% |
| Others | 89.6 | 80.4 | 120 | 63.3 | -10.9% |
| Total | 1,969 | 1,529 | 2,475 | 2,002 | 0.6% |
Top Suppliers of Processed Petroleum Oils and Distillates to Kenya in 2022:
- Saudi Arabia (1648.2K tons)
- Oman (504.6K tons)
- United Arab Emirates (478.5K tons)
- India (461.3K tons)
- Belgium (226.1K tons)
- Netherlands (206.2K tons)
- China (199.0K tons)
- Malaysia (169.2K tons)
- Singapore (130.6K tons)
- Norway (123.7K tons)
- Taiwan (Chinese) (119.1K tons)
- Indonesia (117.1K tons)
- Bahrain (115.3K tons)
Exports of Processed Petroleum Oils and Distillates in Kenya
In 2022, shipments abroad of processed petroleum oils and distillates decreased by -30.3% to 393K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. As a result, the exports reached the peak of 564K tons, and then declined rapidly in the following year.
In value terms, processed petroleum oils and distillates exports totaled $270M in 2022. In general, exports recorded a deep slump.
| Export of Processed Petroleum Oils and Distillates in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 39.7 | 46.8 | 48.6 | 58.9 | 14.1% |
| Uganda | 50.5 | 41.9 | 38.1 | 42.4 | -5.7% |
| Qatar | 65.3 | 19.2 | 7.5 | 23.3 | -29.1% |
| Burundi | 20.1 | 19.7 | 18.1 | 20.6 | 0.8% |
| United Arab Emirates | 23.6 | 20.6 | 16.9 | 17.1 | -10.2% |
| United States | 25.0 | 11.3 | 14.0 | 14.5 | -16.6% |
| American Samoa | 38.9 | 24.9 | 13.1 | 13.7 | -29.4% |
| Canada | 21.7 | 16.2 | 11.1 | 11.2 | -19.8% |
| China | 12.3 | 5.4 | 7.0 | 7.1 | -16.7% |
| Malaysia | 0.2 | 0.5 | 1.0 | 6.9 | 225.5% |
| Saudi Arabia | 16.1 | 2.2 | 0.7 | 4.7 | -33.7% |
| Singapore | 20.4 | 2.9 | 0.4 | N/A | -86.0% |
| Others | 89.6 | 81.2 | 71.0 | 49.8 | -17.8% |
| Total | 423 | 293 | 247 | 270 | -13.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from Kenya in 2022:
- Netherlands (134.8K tons)
- Qatar (41.7K tons)
- United States (38.1K tons)
- United Arab Emirates (23.3K tons)
- Malaysia (22.4K tons)
- Burundi (18.1K tons)
- American Samoa (17.4K tons)
- Canada (16.7K tons)
- Uganda (14.5K tons)
- China (14.4K tons)
- Saudi Arabia (7.4K tons)
- Singapore (0.1K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates 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:
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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