Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya - 2022
Contents:
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (FOB) - 2022
- Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (CIF) - 2022
- Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya
- Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (FOB) - 2022
The average export price for lac; natural gums, resins, gum-resins and balsamses stood at $1,954 per ton in 2022, reducing by -73.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 87%. Over the period under review, the average export prices reached the peak figure at $8,206 per ton in 2019; however, from 2020 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 Germany ($4,139 per ton), while the average price for exports to Pakistan ($877 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 India (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (CIF) - 2022
The average import price for lac; natural gums, resins, gum-resins and balsamses stood at $3,553 per ton in 2022, waning by -32.7% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of 135% against the previous year. The import price peaked at $5,276 per ton in 2021, and then shrank rapidly in the following year.
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 China ($4,945 per ton), while the price for the United Arab Emirates ($622 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya
In 2022, exports of lac; natural gums, resins, gum-resins and balsamses from Kenya fell to 3K tons, waning by -12.9% compared with 2021 figures. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 3.4K tons, and then fell in the following year.
In value terms, exports of lac; natural gums, resins, gum-resins and balsamses declined notably to $5.8M in 2022. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports reached the peak of $25M, and then dropped sharply in the following year.
| Export of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 13.3 | 12.5 | 5.1 | -27.5% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Germany | 0.7 | 0.4 | 0.3 | 0.2 | -34.1% |
| Pakistan | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Vietnam | 2.1 | 1.1 | 5.3 | N/A | 58.9% |
| Others | 2.4 | 0.8 | 6.4 | 0.1 | -65.3% |
| Total | 18.7 | 15.7 | 24.8 | 5.8 | -32.3% |
Top Export Markets for Lac; Natural Gums, Resins, Gum-Resins and Balsams from Kenya in 2022:
- China (2535.4 tons)
- United Arab Emirates (228.6 tons)
- Pakistan (71.5 tons)
- Germany (50.5 tons)
Imports of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya
For the fourth consecutive year, Kenya recorded growth in supplies from abroad of lac; natural gums, resins, gum-resins and balsamses, which increased by 13% to 144 tons in 2022. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of lac; natural gums, resins, gum-resins and balsamses fell significantly to $511K in 2022. Over the period under review, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of $675K, and then shrank markedly in the following year.
| Import of Lac; Natural Gums, Resins, Gum-Resins and Balsams in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 321 | 503 | 649 | 427 | 10.0% |
| China | 6.4 | 16.5 | 10.1 | 64.3 | 115.8% |
| United Arab Emirates | 14.4 | 0.9 | 0.5 | 4.1 | -34.2% |
| South Africa | 14.3 | 3.6 | 2.7 | 2.3 | -45.6% |
| Uganda | 27.4 | N/A | N/A | N/A | 0% |
| Tanzania | N/A | 4.0 | N/A | N/A | 0% |
| Pakistan | 25.0 | N/A | N/A | N/A | 0% |
| Others | 129 | 48.5 | 12.3 | 13.6 | -52.8% |
| Total | 538 | 577 | 675 | 511 | -1.7% |
Top Suppliers of Lac; Natural Gums, Resins, Gum-Resins and Balsams to Kenya in 2022:
- India (122.4 tons)
- China (13.0 tons)
- United Arab Emirates (6.6 tons)
- South Africa (0.9 tons)
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