Kenya: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Kenya

The Kenyan vulcanised rubber erases market skyrocketed to $X in 2021, with an increase of 219% 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). Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Vulcanised Rubber Erases Exports

Exports from Kenya

In 2021, shipments abroad of erasers of vulcanised rubber increased by 86% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 482% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 748% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

South Sudan (X tons) was the main destination for vulcanised rubber erases exports from Kenya, with a 77% share of total exports. Moreover, vulcanised rubber erases exports to South Sudan exceeded the volume sent to the second major destination, Burundi (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Sudan amounted to +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+59.8% per year) and Tanzania (+8.5% per year).

In value terms, the largest markets for vulcanised rubber erases exported from Kenya were South Sudan ($X), Burundi ($X) and Tanzania ($X), with a combined 98% share of total exports.

Among the main countries of destination, Burundi, with a CAGR of +79.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, shrinking by -14.8% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 180% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Tanzania ($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 Burundi (+11.9%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Erases Imports

Imports into Kenya

In 2021, the amount of erasers of vulcanised rubber imported into Kenya soared to X tons, growing by 249% compared with 2020. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 414%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber erases imports skyrocketed to $X in 2021. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 345% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised rubber erases supplier to Kenya, accounting for a 76% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), eightfold. The third position in this ranking was taken by India (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+7.1% per year) and India (+8.4% per year).

In value terms, the largest vulcanised rubber erases suppliers to Kenya were China ($X), Mexico ($X) and India ($X), together comprising 76% of total imports.

India, with a CAGR of +18.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vulcanised rubber erases import price stood at $X per ton in 2021, falling by -12.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2015 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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