Kenya: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Kenya

The Kenyan articles of fiber cement market rose slightly to $X in 2022, surging by 2.9% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. Articles of fiber cement consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Kenya

In value terms, articles of fiber cement production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 51%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Kenya

After two years of decline, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like increased by 66% to X tons in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,211%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports rose remarkably to $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,265%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for articles of fiber cement exports from Kenya, with a 91% share of total exports. Moreover, articles of fiber cement exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Uganda (X tons), more than tenfold. The third position in this ranking was taken by Rwanda (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+28.1% per year) and Rwanda (+28.0% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Kenya, comprising 83% of total exports. The second position in the ranking was held by Tanzania ($X), with a 12% share of total exports. It was followed by Rwanda, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Democratic Republic of the Congo stood at +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+11.2% per year) and Rwanda (+25.9% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, declining by -34.6% against the previous year. Over the period under review, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 49%. As a result, the export price reached the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($X 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 South Sudan (+86.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Kenya

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Kenya; rising by 16% compared with the previous year. Over the period under review, imports showed a perceptible increase. The pace of growth appeared the most rapid in 2014 with an increase of 82%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Germany (X tons) and China (X tons) were the main suppliers of articles of fiber cement imports to Kenya, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Kenya, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and India (+19.5% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, increasing by 12% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 42% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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