Price for Bituminous or Oil Shale and Tar Sands in Kenya - 2022
Contents:
- Price for Bituminous or Oil Shale and Tar Sands in Kenya (CIF) - 2022
- Price for Bituminous or Oil Shale and Tar Sands in Kenya (FOB) - 2022
- Imports of Bituminous or Oil Shale and Tar Sands in Kenya
- Exports of Bituminous or Oil Shale and Tar Sands in Kenya
Price for Bituminous or Oil Shale and Tar Sands in Kenya (CIF) - 2022
The average import price for bituminous or oil shale and tar sandses stood at $472 per ton in 2022, with an increase of 14% against the previous year. Overall, the import price, however, recorded a mild curtailment. The import price peaked at $632 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Iran ($505 per ton), while the price for the United Arab Emirates stood at $401 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-1.9%).
Price for Bituminous or Oil Shale and Tar Sands in Kenya (FOB) - 2022
In 2022, the average export price for bituminous or oil shale and tar sandses amounted to $751 per ton, waning by -42.4% against the previous year. In general, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $2,282 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($3,190 per ton), while the average price for exports to South Sudan ($650 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 Rwanda (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Bituminous or Oil Shale and Tar Sands in Kenya
Imports of bituminous or oil shale and tar sandses into Kenya fell modestly to 12K tons in 2022, leveling off at 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 91%. As a result, imports reached the peak of 13K tons, leveling off in the following year.
In value terms, imports of bituminous or oil shale and tar sandses stood at $5.9M in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Bituminous or Oil Shale and Tar Sands in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 2.3 | 2.1 | 3.5 | 4.3 | 23.2% |
| United Arab Emirates | 1.4 | 0.5 | 1.6 | 1.6 | 4.6% |
| Japan | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 4.1 | 2.7 | 5.2 | 5.9 | 12.9% |
Top Suppliers of Bituminous or Oil Shale and Tar Sands to Kenya in 2022:
- Iran (8.5K tons)
- United Arab Emirates (4.0K tons)
Exports of Bituminous or Oil Shale and Tar Sands in Kenya
Exports of bituminous or oil shale and tar sandses from Kenya skyrocketed to 224 tons in 2022, growing by 304% compared with the previous year. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,272%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of bituminous or oil shale and tar sandses soared to $168K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 684%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Bituminous or Oil Shale and Tar Sands in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 2.8 | 3.5 | 34.8 | 77.2 | 202.1% |
| South Sudan | N/A | N/A | N/A | 67.3 | 0% |
| Rwanda | 11.4 | 5.7 | 35.1 | 23.2 | 26.7% |
| Others | N/A | N/A | 2.2 | 0.2 | -90.9% |
| Total | 14.2 | 9.2 | 72.1 | 168 | 127.9% |
Top Export Markets for Bituminous or Oil Shale and Tar Sands from Kenya in 2022:
- Uganda (112.6 tons)
- South Sudan (103.5 tons)
- Rwanda (7.3 tons)
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