Kenya: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Kenya

The Kenyan ceramic statuette market dropped to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Ceramic Statuette Production in Kenya

In value terms, ceramic statuette production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 42% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ceramic Statuette Exports

Exports from Kenya

In 2022, approx. X tons of ceramic statuettes and other ornamental articles were exported from Kenya; reducing by -23.2% on 2021 figures. Over the period under review, exports saw a sharp decrease. The pace of growth was the most pronounced in 2016 with an increase of 4,203%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, ceramic statuette exports shrank to $X in 2022. In general, exports saw a sharp decline. The pace of growth appeared the most rapid in 2016 when exports increased by 4,779% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X kg), Finland (X kg) and France (X kg) were the main destinations of ceramic statuette exports from Kenya, with a combined 46% share of total exports. Iceland and the Netherlands lagged somewhat behind, together comprising a further 6.2%.

From 2012 to 2022, the biggest increases were recorded for Iceland (with a CAGR of +214.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Finland ($X) appeared to be the largest markets for ceramic statuette exported from Kenya worldwide, together accounting for 41% of total exports. The Netherlands and Iceland lagged somewhat behind, together comprising a further 7.5%.

Among the main countries of destination, Iceland, with a CAGR of +211.6%, saw the highest growth rate of 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

The average ceramic statuette export price stood at $X per ton in 2022, jumping by 20% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 120% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+44.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ceramic Statuette Imports

Imports into Kenya

In 2022, ceramic statuette imports into Kenya contracted to X tons, waning by -5.3% against the previous year. Over the period under review, imports faced a sharp descent. The pace of growth was the most pronounced in 2018 when imports increased by 152% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, ceramic statuette imports rose modestly to $X in 2022. Overall, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2014 with an increase of 101%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of ceramic statuette to Kenya, with a 73% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was taken by India (X kg), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+12.1% per year) and India (-5.1% per year).

In value terms, China ($X) constituted the largest supplier of ceramic statuettes and other ornamental articles to Kenya, comprising 66% of total imports. The second position in the ranking was held by South Africa ($X), with a 17% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+9.3% per year) and Turkey (+24.2% per year).

Import Prices by Country

In 2022, the average ceramic statuette import price amounted to $X per ton, rising by 7.2% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic statuette import price decreased by -12.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :