Kenya - Methacrylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMethacrylic Acid Price in Kenya - 2022
Contents:
- Methacrylic Acid Price in Kenya (CIF) - 2022
- Methacrylic Acid Price in Kenya (FOB) - 2022
- Methacrylic Acid Imports in Kenya
- Methacrylic Acid Exports in Kenya
Methacrylic Acid Price in Kenya (CIF) - 2022
In 2022, the average methacrylic acid import price amounted to $2,783 per ton, reducing by -4.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. The import price peaked at $3,452 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 Singapore ($3,481 per ton), while the price for the United Arab Emirates ($1,393 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Methacrylic Acid Price in Kenya (FOB) - 2022
The average methacrylic acid export price stood at $2,695 per ton in 2022, jumping by 28% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2020 when the average export price increased by 74%. The export price peaked at $4,717 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Uganda.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -5.4% per year.
Methacrylic Acid Imports in Kenya
In 2022, imports of methacrylic acid and its salts into Kenya shrank significantly to 24 tons, falling by -41.5% compared with the previous year. In general, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 488%. As a result, imports reached the peak of 40 tons, and then reduced sharply in the following year.
In value terms, methacrylic acid imports dropped dramatically to $66K in 2022. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 771%. As a result, imports attained the peak of $118K, and then reduced rapidly in the following year.
| Import of Methacrylic Acid in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.5 | 5.2 | 45.3 | 28.1 | 34.7% |
| Singapore | 7.1 | 3.7 | 42.3 | 26.2 | 54.5% |
| United Arab Emirates | 6.3 | 2.5 | 16.7 | 10.3 | 17.8% |
| Russia | 8.5 | N/A | 11.6 | N/A | 16.8% |
| Netherlands | 6.2 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 2.2 | 1.7 | 0.9 | -20.6% |
| Total | 41.4 | 13.5 | 118 | 65.5 | 16.5% |
Top Suppliers of Methacrylic Acid to Kenya in 2022:
- China (8.5 tons)
- Singapore (7.5 tons)
- United Arab Emirates (7.4 tons)
Methacrylic Acid Exports in Kenya
In 2022, approx. 550 kg of methacrylic acid and its salts were exported from Kenya; picking up by 93% against the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 267% against the previous year. As a result, the exports attained the peak of 800 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, methacrylic acid exports skyrocketed to $1.5K in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 539% against the previous year. As a result, the exports reached the peak of $2.4K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Methacrylic Acid in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 370 | 30.0 | 23.0 | 1,482 | 58.8% |
| Rwanda | N/A | 2,333 | 578 | N/A | -75.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 370 | 2,363 | 601 | 1,482 | 58.8% |
Top Export Markets for Methacrylic Acid from Kenya in 2022:
- Uganda (550.0 kg)
This report provides an in-depth analysis of the methacrylic acid 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 20143330 - Methacrylic acid and its salts
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
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