Kenya: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Kenya

The Kenyan market for boards, sheets, panels, tiles and similar articles of plaster not faced reduced sharply to $X in 2021, falling by -67% 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, consumption recorded a deep slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports from Kenya

In 2021, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were exported from Kenya; growing by 146% against the previous year's figure. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 2,329% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2021. In general, exports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of 1,673% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Somalia (X square meters) was the main destination for exports of boards, sheets, panels, tiles and similar articles of plaster not faced from Kenya, accounting for a 75% share of total exports. Moreover, exports of boards, sheets, panels, tiles and similar articles of plaster not faced to Somalia exceeded the volume sent to the second major destination, Uganda (X square meters), ninefold. Rwanda (X square meters) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Somalia stood at +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-15.2% per year) and Rwanda (-15.2% per year).

In value terms, Somalia ($X) remains the key foreign market for boards, sheets, panels, tiles and similar articles of plaster not faced exports from Kenya, comprising 85% of total exports. The second position in the ranking was held by Rwanda ($X), with a 6.5% share of total exports. It was followed by Uganda, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Somalia stood at +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-7.1% per year) and Uganda (-12.9% per year).

Export Prices by Country

The average export price for boards, sheets, panels, tiles and similar articles of plaster not faced stood at $X per square meter in 2021, increasing by 59% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 142%. As a result, the export price reached the peak level of $X per square meter. From 2020 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 Somalia ($X per square meter), while the average price for exports to Democratic Republic of the Congo ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+49.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports into Kenya

In 2021, imports of boards, sheets, panels, tiles and similar articles of plaster not faced into Kenya dropped sharply to X square meters, reducing by -66.5% on the previous year's figure. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 221%. As a result, imports reached the peak of X square meters. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced fell markedly to $X in 2021. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 165%. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X square meters), the United States (X square meters) and China (X square meters) were the main suppliers of imports of boards, sheets, panels, tiles and similar articles of plaster not faced to Kenya, together accounting for 56% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +57.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of boards, sheets, panels, tiles and similar articles of plaster not faced to Kenya, comprising 31% of total imports. The second position in the ranking was held by Thailand ($X), with a 13% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.6% per year) and China (-19.2% per year).

Import Prices by Country

In 2021, the average import price for boards, sheets, panels, tiles and similar articles of plaster not faced amounted to $X per square meter, with an increase of 6% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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 Denmark ($X per square meter), while the price for Saudi Arabia ($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 (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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