Kenya: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Kenya

The Kenyan cyclic hydrocarbons market rose notably to $X in 2022, increasing by X% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Cyclic hydrocarbons consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cyclic Hydrocarbons Production in Kenya

In value terms, cyclic hydrocarbons production expanded markedly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Cyclic hydrocarbons production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Cyclic Hydrocarbons Exports

Exports from Kenya

In 2022, overseas shipments of other cyclic hydrocarbons were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cyclic hydrocarbons exports soared to $X in 2022. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X tons) was the main destination for cyclic hydrocarbons exports from Kenya, accounting for a X% share of total exports. Moreover, cyclic hydrocarbons exports to Uganda exceeded the volume sent to the second major destination, Burundi (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Uganda amounted to X%.

In value terms, Uganda ($X) emerged as the key foreign market for other cyclic hydrocarbons exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Burundi ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda totaled X%.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while the average price for exports to Burundi amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cyclic Hydrocarbons Imports

Imports into Kenya

In 2022, supplies from abroad of other cyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cyclic hydrocarbons imports dropped dramatically to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) was the main supplier of cyclic hydrocarbons to Kenya, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of other cyclic hydrocarbons to Kenya, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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