Kenya: Explosives Market 2023

Explosives Market Size in Kenya

The Kenyan explosives market expanded remarkably to $X in 2021, surging by 11% against the previous year. In general, consumption, however, showed a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Explosives Production in Kenya

In value terms, explosives production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2019 with an increase of 60%. Explosives production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Explosives Exports

Exports from Kenya

In 2021, the amount of prepared explosives exported from Kenya reduced modestly to X tons, which is down by -5% on 2020 figures. Over the period under review, exports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2016 when exports increased by 617% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, explosives exports dropped to $X in 2021. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2019 when exports increased by 528%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Rwanda (X tons) and Uganda (X tons) were the main destinations of explosives exports from Kenya.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +67.8%).

In value terms, Rwanda ($X) remains the key foreign market for prepared explosives exports from Kenya, comprising 76% of total exports. The second position in the ranking was held by Uganda ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda stood at +83.6%.

Export Prices by Country

In 2021, the average explosives export price amounted to $X per ton, reducing by -6.3% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives export price increased by +87.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 89% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+9.4%).

Explosives Imports

Imports into Kenya

In 2021, the amount of prepared explosives imported into Kenya fell significantly to X tons, shrinking by -18.4% on 2020 figures. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 393% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, explosives imports dropped to $X in 2021. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 334% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia (X tons), India (X tons) and Egypt (X tons) were the main suppliers of explosives imports to Kenya, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +66.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X), Russia ($X) and India ($X) were the largest explosives suppliers to Kenya, with a combined 52% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +68.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, rising by 13% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, 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 Zambia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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