Global base oils exports to Kenya stayed relatively low in December amid a sustained slowdown in shipments from Europe.The drop in supplies contrasted with steady shipments from Europe to other African markets like Nigeria and South Africa.The slowdown in shipments in turn boosted the attraction for buyers in Kenya to target more supplies from markets that were logistically closer to the country, such as Mideast Gulf and India.Base oils exports to Kenya from Europe, US and Asia-Pacific combined recovered to around 7,900t in December, government and shipping data showed.The volume rose from a fifteen-month low of less than 2,000t the previous month.Exports still fell for the third time in four months from year-earlier levels. The slowdown cut total shipments to Kenya to less than 80,000t in 2023.The volume was down more than 30pc from around 110,000t in 2022.Exports from Europe accounted for more than 60pc of last year’s total, down from a more-than 80pc share in 2022.Supplies instead rose from other markets like India.The trend is likely to continue amid expectations of a further drop in Europe’s base oils production capacity over the coming year.Base oils capacity by contrast is set to rise in other markets like India. .Global exports to Nigeria rise in December
Global base oils exports to Kenya stayed relatively low in December amid a sustained slowdown in shipments from Europe.The drop in supplies contrasted with steady shipments from Europe to other African markets like Nigeria and South Africa.The slowdown in shipments in turn boosted the attraction for buyers in Kenya to target more supplies from markets that were logistically closer to the country, such as Mideast Gulf and India.Base oils exports to Kenya from Europe, US and Asia-Pacific combined recovered to around 7,900t in December, government and shipping data showed.The volume rose from a fifteen-month low of less than 2,000t the previous month.Exports still fell for the third time in four months from year-earlier levels. The slowdown cut total shipments to Kenya to less than 80,000t in 2023.The volume was down more than 30pc from around 110,000t in 2022.Exports from Europe accounted for more than 60pc of last year’s total, down from a more-than 80pc share in 2022.Supplies instead rose from other markets like India.The trend is likely to continue amid expectations of a further drop in Europe’s base oils production capacity over the coming year.Base oils capacity by contrast is set to rise in other markets like India. .Global exports to Nigeria rise in December
