Kenya: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Kenya

The Kenyan phosphoric acid market reached $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Phosphoric Acid Production in Kenya

In value terms, phosphoric acid production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Phosphoric Acid Exports

Exports from Kenya

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were exported from Kenya; which is down by X% on 2021 figures. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, phosphoric acid exports declined significantly to $X in 2022. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons), Uganda (X tons) and Tanzania (X tons) were the main destinations of phosphoric acid exports from Kenya, together comprising X% of total exports.

From 2013 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Rwanda ($X), Uganda ($X) and Tanzania ($X) were the largest markets for phosphoric acid exported from Kenya worldwide, together accounting for X% of total exports.

Among the main countries of destination, Rwanda, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uganda ($X per ton) and Tanzania ($X per ton), while the average price for exports to Burundi ($X per ton) and Rwanda ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Kenya

After two years of growth, purchases abroad of phosphoric acid and polyphosphoric acids decreased by X% to X tons in 2022. In general, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, phosphoric acid imports declined to $X in 2022. Over the period under review, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest phosphoric acid supplier to Kenya, accounting for a X% share of total imports. Moreover, phosphoric acid imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2013 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and China ($X per ton), while the price for Israel ($X per ton) and India ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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