Kenya: Rare Gases Market 2024

Rare Gases Market Size in Kenya

The Kenyan rare gases market rose sharply to $X in 2023, surging by X% against the previous year. In general, consumption, however, recorded a abrupt descent. Rare gases consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Rare Gases Production in Kenya

In value terms, rare gases production expanded significantly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Rare Gases Exports

Exports from Kenya

In 2023, rare gases exports from Kenya shrank to X cubic meters, waning by X% against the previous year. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, rare gases exports reduced to $X in 2023. In general, exports recorded a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X cubic meters), Tanzania (X cubic meters) and Burundi (X cubic meters) were the main destinations of rare gases exports from Kenya, with a combined X% share of total exports. Somalia lagged somewhat behind, accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Somalia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X), Uganda ($X) and Somalia ($X) constituted the largest markets for rare gases exported from Kenya worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Somalia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average rare gases export price amounted to $X per cubic meter, growing by X% against the previous year. In general, export price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, rare gases export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per cubic meter in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Somalia ($X per cubic meter), while the average price for exports to Burundi ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Kenya

In 2023, overseas purchases of rare gases (excluding argon) were finally on the rise to reach X cubic meters after three years of decline. Over the period under review, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X cubic meters in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, rare gases imports skyrocketed to $X in 2023. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X cubic meters) constituted the largest supplier of rare gases to Kenya, accounting for a X% share of total imports. Moreover, rare gases imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X cubic meters), threefold. Algeria (X cubic meters) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Algeria (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of rare gases (excluding argon) to Kenya, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (X% per year) and the United States (X% per year).

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2022, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the price for Denmark ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform