Kenya: Chandelier Market 2024

Chandelier Market Size in Kenya

In 2022, the Kenyan chandelier market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a strong increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Chandelier Exports

Exports from Kenya

Chandelier exports from Kenya surged to X units in 2022, rising by 77% against the year before. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chandelier exports surged to $X in 2022. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 139% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for chandelier exports from Kenya, with a 893% share of total exports. Moreover, chandelier exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Germany (X units), threefold. Seychelles (X units) ranked third in terms of total exports with an 117% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+58.2% per year) and Seychelles (+37.1% per year).

In value terms, Germany ($X) remains the key foreign market for chandeliers exports from Kenya, comprising 49% of total exports. The second position in the ranking was held by Seychelles ($X), with a 12% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+43.3% per year) and Democratic Republic of the Congo (+19.9% per year).

Export Prices by Country

In 2022, the average chandelier export price amounted to $X per unit, shrinking by -18.5% against the previous year. Overall, the export price, however, saw a notable increase. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Zambia ($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 (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into Kenya

In 2022, overseas purchases of chandeliers were finally on the rise to reach X units after two years of decline. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 483%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, chandelier imports fell to $X in 2022. In general, imports showed moderate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 490%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of chandelier to Kenya, accounting for a 233% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.3% per year) and the United Arab Emirates (-7.8% per year).

In value terms, China ($X) constituted the largest supplier of chandeliers to Kenya, comprising 134% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.8% per year) and India (+10.3% per year).

Import Prices by Country

In 2022, the average chandelier import price amounted to $X per unit, falling by -31.9% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 113%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($X per unit), while the price for India ($X per unit) 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 (+15.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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