Kenya - Resinoids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingResinoids Price in Kenya - 2022
Contents:
- Resinoids Price in Kenya (FOB) - 2022
- Resinoids Price in Kenya (CIF) - 2022
- Resinoids Exports in Kenya
- Resinoids Imports in Kenya
Resinoids Price in Kenya (FOB) - 2022
The average resinoids export price stood at $62,021 per ton in 2022, increasing by 12% against the previous year. In general, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2021 an increase of 62%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($69,253 per ton), while the average price for exports to Uganda ($5,452 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 Singapore (+103.3%), while the prices for the other major destinations experienced more modest paces of growth.
Resinoids Price in Kenya (CIF) - 2022
The average resinoids import price stood at $19,389 per ton in 2022, with a decrease of -19.6% against the previous year. Overall, the import price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 109%. As a result, import price reached the peak level of $24,105 per ton, and then shrank notably in the following year.
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 India ($230,429 per ton), while the price for South Africa ($5,940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+72.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Resinoids Exports in Kenya
In 2022, resinoids exports from Kenya declined markedly to 564 kg, shrinking by -24.6% compared with 2021 figures. In general, exports faced a deep slump. The smallest decline of -11.3% was in 2021.
In value terms, resinoids exports shrank significantly to $35K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of $41K, and then contracted dramatically in the following year.
Export of Resinoids in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 16.5 | 20.6 | 22.7 | 26.5 | 17.1% |
South Africa | 5.7 | 6.2 | 5.3 | 5.4 | -1.8% |
United States | 1.6 | 1.7 | 1.7 | 1.7 | 2.0% |
Singapore | N/A | N/A | 0.1 | 0.5 | 400.0% |
Uganda | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Mauritius | N/A | N/A | 11.2 | N/A | 0% |
Others | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
Total | 23.9 | 28.7 | 41.3 | 35.0 | 13.6% |
Top Export Markets for Resinoids from Kenya in 2022:
- France (383.0 kg)
- South Africa (86.0 kg)
- United States (36.0 kg)
- Uganda (31.0 kg)
- Singapore (10.0 kg)
Resinoids Imports in Kenya
In 2022, approx. 424 kg of resinoids were imported into Kenya; which is down by -30.4% against the year before. Overall, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 298% against the previous year. As a result, imports reached the peak of 609 kg, and then contracted sharply in the following year.
In value terms, resinoids imports dropped rapidly to $8.2K in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 734%. As a result, imports reached the peak of $15K, and then contracted significantly in the following year.
Import of Resinoids in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.9 | 0.9 | 2.9 | 3.5 | 22.6% |
India | 0.2 | N/A | 7.1 | 1.6 | 100.0% |
United Kingdom | 1.5 | 0.4 | N/A | 1.4 | -2.3% |
South Africa | 0.7 | 0.3 | 0.9 | 1.0 | 12.6% |
Egypt | N/A | N/A | 3.4 | N/A | 0% |
Others | 2.1 | 0.2 | 0.3 | 0.7 | -30.7% |
Total | 6.4 | 1.8 | 14.7 | 8.2 | 8.6% |
Top Suppliers of Resinoids to Kenya in 2022:
- China (237.0 kg)
- South Africa (168.0 kg)
- United Kingdom (7.0 kg)
- India (7.0 kg)
This report provides an in-depth analysis of the resinoids market 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:
- Prodcom 20531030 - Resinoids
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
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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
This report provides an in-depth analysis of the resinoids market in Kenya.
This report provides an in-depth analysis of the essential oils market in Kenya.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the global essential oils market.
This report provides an in-depth analysis of the resinoids market in Kenya.
This report provides an in-depth analysis of the essential oils market in Kenya.
This report provides an in-depth analysis of the global resinoids market.
This report provides an in-depth analysis of the global essential oils market.
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