Kenya: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Kenya

The Kenyan rolled bitumen articles market rose modestly to $X in 2021, with an increase of 2.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.2% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Rolled Bitumen Articles Exports

Exports from Kenya

In 2021, after two years of growth, there was significant decline in overseas shipments of articles of bitumen in rolls, when their volume decreased by -13% to X square meters. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,261% against the previous year. The exports peaked at X square meters in 2020, and then reduced in the following year.

In value terms, rolled bitumen articles exports declined remarkably to $X in 2021. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2016 when exports increased by 650%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell dramatically in the following year.

Exports by Country

Rwanda (X square meters) was the main destination for rolled bitumen articles exports from Kenya, with a 99% share of total exports. It was followed by Uganda (X square meters), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Rwanda totaled +46.3%.

In value terms, Rwanda ($X) remains the key foreign market for articles of bitumen in rolls exports from Kenya, comprising 97% of total exports. The second position in the ranking was held by Uganda ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda amounted to +31.2%.

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, falling by -23.5% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2015 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per square meter), while the average price for exports to Rwanda totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+1.7%).

Rolled Bitumen Articles Imports

Imports into Kenya

In 2021, approx. X square meters of articles of bitumen in rolls were imported into Kenya; growing by 5.4% against 2020. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 60%. Imports peaked at X square meters in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, rolled bitumen articles imports amounted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 65%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X square meters) was the main supplier of rolled bitumen articles to Kenya, accounting for a 91% share of total imports. It was followed by Italy (X square meters), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.4% per year) and China (-13.3% per year).

In value terms, Egypt ($X) constituted the largest supplier of articles of bitumen in rolls to Kenya, comprising 81% of total imports. The second position in the ranking was held by Italy ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-10.6% per year) and China (-12.4% per year).

Import Prices by Country

In 2021, the average rolled bitumen articles import price amounted to $X per square meter, declining by -4.6% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2019 an increase of 13%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for Egypt ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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