Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya - 2022

Contents:

1. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya (CIF) - 2022
2. Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya (FOB) - 2022
3. Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya
4. Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya (CIF) - 2022

In 2022, the average import price for propylene, other olefin polymers; propylene copolymers in primary formses amounted to $1,464 per ton, dropping by -5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 51%. The import price peaked at $1,639 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($1,726 per ton) and Thailand ($1,677 per ton), while the price for South Africa ($1,311 per ton) and the United Arab Emirates ($1,404 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya (FOB) - 2022

The average export price for propylene, other olefin polymers; propylene copolymers in primary formses stood at $1,834 per ton in 2022, dropping by -6.7% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 42% against the previous year. As a result, the export price reached the peak level of $3,094 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($2,475 per ton), while the average price for exports to Uganda ($1,549 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 Tanzania (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya

In 2022, imports of propylene, other olefin polymers; propylene copolymers in primary formses into Kenya rose rapidly to 42K tons, surging by 5.8% compared with 2021. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 43K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of propylene, other olefin polymers; propylene copolymers in primary formses fell modestly to $61M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $61M, leveling off in the following year.

Top Suppliers of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms to Kenya in 2022:

1. United Arab Emirates (17.3K tons)
2. Saudi Arabia (16.2K tons)
3. South Korea (3.5K tons)
4. China (1.7K tons)
5. India (0.9K tons)
6. Thailand (0.8K tons)
7. South Africa (0.2K tons)

Exports of Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms in Kenya

In 2022, shipments abroad of propylene, other olefin polymers; propylene copolymers in primary formses decreased by -56.9% to 171 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 137%. As a result, the exports attained the peak of 397 tons, and then dropped notably in the following year.

In value terms, exports of propylene, other olefin polymers; propylene copolymers in primary formses fell sharply to $314K in 2022. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 193% against the previous year. As a result, the exports reached the peak of $781K, and then dropped notably in the following year.

Top Export Markets for Propylene, Other Olefin Polymers; Propylene Copolymers in Primary Forms from Kenya in 2022:

1. Uganda (114.1 tons)
2. Tanzania (47.1 tons)
3. Burundi (10.0 tons)

Source: IndexBox Market Intelligence Platform