Kenya: Market for Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) 2024

Market Size for Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) in Kenya

The Kenyan polyesters in primary forms market dropped modestly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a slight decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters) in Kenya

In value terms, polyesters in primary forms production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters)

Exports from Kenya

In 2022, polyesters in primary forms exports from Kenya dropped to X tons, with a decrease of X% compared with the previous year. In general, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, polyesters in primary forms exports soared to $X in 2022. Over the period under review, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for polyesters in primary forms exports from Kenya, accounting for a X% share of total exports. Moreover, polyesters in primary forms exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X tons), sixfold. Somalia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Rwanda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Somalia (X% per year).

In value terms, Rwanda ($X) emerged as the key foreign market for polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with an X% share of total exports. It was followed by Somalia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Somalia (X% per year).

Export Prices by Country

In 2022, the average polyesters in primary forms export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price 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, polyesters in primary forms export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Somalia ($X per ton), while the average price for exports to Tanzania ($X 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 Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyesters in Primary Forms (excluding Polyacetals, Polyethers, Epoxide Resins, Polycarbonates, Alkyd Resins, Polyethylene Terephthalate, other Unsaturated Polyesters)

Imports into Kenya

In 2022, the amount of polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) imported into Kenya contracted rapidly to X tons, reducing by X% against 2021 figures. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, polyesters in primary forms imports shrank dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest polyesters in primary forms supplier to Kenya, accounting for a X% share of total imports. Moreover, polyesters in primary forms imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), eightfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

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

In value terms, India ($X) constituted the largest supplier of polyesters in primary forms (excluding polyacetals, polyethers, epoxide resins, polycarbonates, alkyd resins, polyethylene terephthalate, other unsaturated polyesters) to Kenya, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

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

Import Prices by Country

The average polyesters in primary forms import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price, however, showed a noticeable contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform