Price for Styrene Polymers; Waste, Parings and Scrap in Kenya - 2022

Contents:

1. Price for Styrene Polymers; Waste, Parings and Scrap in Kenya (CIF) - 2022
2. Price for Styrene Polymers; Waste, Parings and Scrap in Kenya (FOB) - 2022
3. Imports of Styrene Polymers; Waste, Parings and Scrap in Kenya
4. Exports of Styrene Polymers; Waste, Parings and Scrap in Kenya

Price for Styrene Polymers; Waste, Parings and Scrap in Kenya (CIF) - 2022

The average import price for styrene polymers; waste, parings and scraps stood at $444 per ton in 2022, falling by -9.6% against the previous year. Overall, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 2,570% against the previous year. As a result, import price reached the peak level of $47,970 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($1,000 per ton), while the price for China totaled $443 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+24.7%), while the prices for the other major suppliers experienced a decline.

Price for Styrene Polymers; Waste, Parings and Scrap in Kenya (FOB) - 2022

In 2022, the average export price for styrene polymers; waste, parings and scraps amounted to $355 per ton, with a decrease of -35.7% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 77%. Over the period under review, the average export prices hit record highs at $1,727 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($543 per ton), while the average price for exports to Nigeria totaled $239 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+24.3%).

Imports of Styrene Polymers; Waste, Parings and Scrap in Kenya

For the fourth year in a row, Kenya recorded growth in overseas purchases of styrene polymers; waste, parings and scraps, which increased by 409% to 87 tons in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of styrene polymers; waste, parings and scraps soared to $39K in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Styrene Polymers; Waste, Parings and Scrap to Kenya in 2022:

1. China (87.4 tons)
2. Uganda (0.1 tons)

Exports of Styrene Polymers; Waste, Parings and Scrap in Kenya

For the fourth year in a row, Kenya recorded growth in shipments abroad of styrene polymers; waste, parings and scraps, which increased by 184% to 3.2 tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 495% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, exports of styrene polymers; waste, parings and scraps soared to $1.2K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 483% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Styrene Polymers; Waste, Parings and Scrap from Kenya in 2022:

1. Nigeria (2.0 tons)
2. Uganda (1.2 tons)

Source: IndexBox Market Intelligence Platform