Report Update Nov 1, 2024

Kenya - Artificial Fur - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Artificial Fur Market 2024

Artificial Fur Market Size in Kenya

After four years of decline, the Kenyan artificial fur market decreased by 0% to $X in 2022. Overall, consumption recorded a dramatic shrinkage. Artificial fur consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Artificial Fur Exports

Exports from Kenya

In 2022, overseas shipments of artificial fur decreased by 0% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports showed a deep reduction. The growth pace was the most rapid in 2018 with an increase of 444% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, artificial fur exports amounted to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 208% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to No country was relatively modest.

Artificial Fur Imports

Imports into Kenya

In 2022, artificial fur imports into Kenya surged to X kg, jumping by 84% on the previous year. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 245%. Over the period under review, imports reached the peak figure at X kg in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, artificial fur imports skyrocketed to $X in 2022. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 163%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of artificial fur to Kenya, with a 81% share of total imports. Moreover, artificial fur imports from China exceeded the figures recorded by the second-largest supplier, Poland (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +38.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.7% per year) and Thailand (-12.9% per year).

In value terms, China ($X) constituted the largest supplier of artificial fur to Kenya, comprising 92% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+17.9% per year) and Thailand (-21.9% per year).

Import Prices by Country

The average artificial fur import price stood at $X per ton in 2022, which is down by -5.6% against the previous year. Over the period under review, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artificial fur in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 31% share of global consumption. Japan, Russia, Germany, Brazil, Indonesia, Vietnam, Mexico and Saudi Arabia lagged somewhat behind, together accounting for a further 21%.

What are the largest producers of artificial fur in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 35% of global production.

What are the leading suppliers of artificial fur to Kenya?

In value terms, China constituted the largest supplier of artificial fur to Kenya, comprising 97% of total imports. The second position in the ranking was occupied by the United States $35), with a 2.9% share of total imports.

What are the leading importers of artificial fur from Kenya?

In value terms, Canada $514) remains the key foreign market for artificial fur exports from Kenya.

What is the average export price for artificial fur in Kenya?

The average artificial fur export price stood at $114,635 per ton in 2021, rising by 86% against the previous year.

What is the average import price for artificial fur in Kenya?

The average artificial fur import price stood at $9,277 per ton in 2021, dropping by -23.5% against the previous year.

This report provides an in-depth analysis of the artificial fur market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13911920 - Artificial fur and articles thereof

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023