Kenya: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Kenya

The Kenyan chain scoops and sliders market shrank markedly to $X in 2022, falling by -15.9% 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, however, continues to indicate a strong increase. Over the period under review, the market attained the peak level at $X in 2021, and then declined rapidly in the following year.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Kenya

In 2022, the amount of chain scoops, sliders, runners, end pieces and narrow strips exported from Kenya reduced to X tons, which is down by -8.8% on the previous year. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 1,089%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, chain scoops and sliders exports reduced modestly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,261% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Uganda (X kg), Swaziland (X kg) and the UK (X kg) were the main destinations of chain scoops and sliders exports from Kenya, with a combined 92% share of total exports. These countries were followed by Tanzania, which accounted for a further 7.5%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +67.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X), the UK ($X) and Tanzania ($X) appeared to be the largest markets for chain scoops and sliders exported from Kenya worldwide, together accounting for 95% of total exports.

Tanzania, with a CAGR of +43.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chain scoops and sliders export price stood at $X per ton in 2022, picking up by 4.8% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders export price decreased by -23.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, 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 the UK ($X per ton), while the average price for exports to Uganda ($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 Swaziland (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Kenya

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were imported into Kenya; which is down by -12.9% compared with the year before. Over the period under review, imports, however, showed prominent growth. The growth pace was the most rapid in 2015 when imports increased by 123%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, chain scoops and sliders imports declined dramatically to $X in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 254% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to Kenya, with a 82% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), tenfold. Turkey (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+51.3% per year) and Turkey (+65.7% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Kenya, comprising 49% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by Swaziland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+46.7% per year) and Swaziland (+0.8% per year).

Import Prices by Country

The average chain scoops and sliders import price stood at $X per ton in 2022, falling by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average 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 Swaziland ($X per ton), while the price for China ($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 (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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