Kenya: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Kenya

The Kenyan market for wood boxes, crates and cable drums soared to $X in 2022, jumping by 18% 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). Overall, consumption saw a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Wood Boxes, Crates and Cable Drums

Exports from Kenya

In 2022, wood box and cable drum exports from Kenya fell rapidly to X units, waning by -18.2% against the previous year. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by 198% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, wood box and cable drum exports shrank dramatically to $X in 2022. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 449%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malawi (X units) was the main destination for wood box and cable drum exports from Kenya, with a 46% share of total exports. Moreover, wood box and cable drum exports to Malawi exceeded the volume sent to the second major destination, Tanzania (X units), threefold. The third position in this ranking was held by South Sudan (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malawi stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-6.7% per year) and South Sudan (-2.1% per year).

In value terms, the largest markets for wood box and cable drum exported from Kenya were Tanzania ($X), Mozambique ($X) and the Netherlands ($X), with a combined 44% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for wood boxes, crates and cable drums amounted to $X per unit, shrinking by -14.6% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 84%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Malawi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Boxes, Crates and Cable Drums

Imports into Kenya

In 2022, imports of wood boxes, crates and cable drums into Kenya rose markedly to X units, growing by 11% against the previous year's figure. Overall, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 761%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wood box and cable drum imports surged to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 664%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tanzania (X units) constituted the largest wood box and cable drum supplier to Kenya, accounting for a 45% share of total imports. Moreover, wood box and cable drum imports from Tanzania exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Uganda (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from Tanzania totaled +60.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.6% per year) and Uganda (+76.3% per year).

In value terms, Hong Kong SAR ($X), India ($X) and Japan ($X) were the largest wood box and cable drum suppliers to Kenya, together accounting for 55% of total imports.

Among the main suppliers, Japan, with a CAGR of +72.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for wood boxes, crates and cable drums stood at $X per unit in 2022, picking up by 12% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2019 an increase of 174% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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