Kenya: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Kenya

The Kenyan wooden joinery and carpentry market skyrocketed to $X in 2021, increasing by 22% 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 buoyant expansion. Wooden joinery and carpentry consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Kenya

In 2021, wooden joinery and carpentry exports from Kenya shrank significantly to X tons, with a decrease of -63.6% compared with 2020 figures. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 316% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, wooden joinery and carpentry exports reduced dramatically to $X in 2021. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 309%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X tons) was the main destination for wooden joinery and carpentry exports from Kenya, with a 76% share of total exports. Moreover, wooden joinery and carpentry exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Rwanda totaled +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-25.1% per year) and France (+16.9% per year).

In value terms, Rwanda ($X) remains the key foreign market for builders' joinery and carpentry of wood exports from Kenya, comprising 36% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Rwanda amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+27.0% per year) and Tanzania (-27.6% per year).

Export Prices by Country

In 2021, the average wooden joinery and carpentry export price amounted to $X per ton, increasing by 68% against the previous year. Over the period under review, the export price posted a prominent increase. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Kenya

In 2021, approx. X tons of builders' joinery and carpentry of wood were imported into Kenya; picking up by 11% against 2020 figures. Over the period under review, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 52%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden joinery and carpentry imports rose remarkably to $X in 2021. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by 103%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Lebanon (X tons) were the main suppliers of wooden joinery and carpentry imports to Kenya, with a combined 77% share of total imports. These countries were followed by Malaysia, the United Arab Emirates, Estonia, India and South Africa, which together accounted for a further 8.2%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +286.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Lebanon ($X) constituted the largest wooden joinery and carpentry suppliers to Kenya, with a combined 77% share of total imports. Estonia, the United Arab Emirates, India, Malaysia and South Africa lagged somewhat behind, together comprising a further 8.8%.

Estonia, with a CAGR of +272.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden joinery and carpentry import price amounted to $X per ton, rising by 2.8% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden joinery and carpentry import price increased by +16.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :