Kenya: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Kenya

For the third consecutive year, the Kenyan market for articles of asbestos-cement, of cellulose fibre-cement recorded decline in sales value, which decreased by -73.2% to $X in 2021. In general, consumption saw a sharp slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Kenya

In 2021, after two years of growth, there was significant decline in shipments abroad of articles of asbestos-cement, of cellulose fibre-cement, when their volume decreased by -9.8% to X kg. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 360%. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement amounted to $X in 2021. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 683%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Uganda (X kg) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Kenya, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda totaled +17.3%.

In value terms, Uganda ($X) emerged as the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Kenya.

From 2012 to 2021, the average annual growth rate of value to Uganda amounted to +37.9%.

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, growing by 11% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 343% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2021, the rate of growth in terms of prices for Uganda amounted to +17.6% per year.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Kenya

For the third year in a row, Kenya recorded decline in overseas purchases of articles of asbestos-cement, of cellulose fibre-cement, which decreased by -75.1% to X tons in 2021. In general, imports faced a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of 797% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement dropped remarkably to $X in 2021. Overall, imports faced a sharp decrease. The growth pace was the most rapid in 2018 with an increase of 610% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest articles of asbestos-cement, of cellulose fibre-cement supplier to Kenya, accounting for a 60% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from South Korea exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold. South Africa (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-36.3% per year) and South Africa (-19.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Kenya, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-24.9% per year) and China (-35.0% per year).

Import Prices by Country

In 2021, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, with an increase of 32% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for articles of asbestos-cement, of cellulose fibre-cement increased by +86.6% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 79%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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