Price for Ethylene Polymers; Waste, Parings and Scrap in Kenya - 2022

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Kenya (FOB) - 2022
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Kenya (CIF) - 2022
3. Exports of Ethylene Polymers; Waste, Parings and Scrap in Kenya
4. Imports of Ethylene Polymers; Waste, Parings and Scrap in Kenya

Price for Ethylene Polymers; Waste, Parings and Scrap in Kenya (FOB) - 2022

In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $622 per ton, increasing by 35% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $822 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($782 per ton), while the average price for exports to Pakistan ($510 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 the United Arab Emirates (+63.7%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Ethylene Polymers; Waste, Parings and Scrap in Kenya (CIF) - 2022

The average import price for ethylene polymers; waste, parings and scraps stood at $949 per ton in 2022, reducing by -12.6% against the previous year. Overall, the import price, however, recorded a pronounced increase. The growth pace was the most rapid in 2017 when the average import price increased by 48%. The import price peaked at $1,093 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Qatar ($1,438 per ton), while the price for Uganda totaled $895 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Ethylene Polymers; Waste, Parings and Scrap in Kenya

In 2022, overseas shipments of ethylene polymers; waste, parings and scraps were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of ethylene polymers; waste, parings and scraps soared to $673K in 2022. In general, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Kenya in 2022:

1. Greece (400.0 tons)
2. Turkey (288.0 tons)
3. Egypt (274.9 tons)
4. United Arab Emirates (72.0 tons)
5. Pakistan (46.9 tons)

Imports of Ethylene Polymers; Waste, Parings and Scrap in Kenya

For the fourth year in a row, Kenya recorded growth in purchases abroad of ethylene polymers; waste, parings and scraps, which increased by 54% to 507 tons in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of ethylene polymers; waste, parings and scraps soared to $481K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Kenya in 2022:

1. Uganda (456.0 tons)
2. Qatar (51.0 tons)

Source: IndexBox Market Intelligence Platform