Kenya: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Kenya

The Kenyan market for floor, wall or ceiling coverings of plastics amounted to $X in 2022, picking up by 4.5% 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, recorded a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Kenya

In 2022, shipments abroad of floor, wall or ceiling coverings of plastics decreased by -21.6% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,162% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics declined dramatically to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 779% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ethiopia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Kenya, with a 39% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Ethiopia exceeded the volume sent to the second major destination, South Sudan (X square meters), threefold. Tanzania (X square meters) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ethiopia amounted to +125.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Sudan (+17.9% per year) and Tanzania (+18.0% per year).

In value terms, Ethiopia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Kenya, comprising 42% of total exports. The second position in the ranking was held by Zimbabwe ($X), with an 11% share of total exports. It was followed by South Sudan, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Ethiopia totaled +91.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+93.1% per year) and South Sudan (+10.9% per year).

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, picking up by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per square meter), while the average price for exports to Zambia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Kenya

In 2022, approx. X square meters of floor, wall or ceiling coverings of plastics were imported into Kenya; picking up by 9.3% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 40%. Over the period under review, imports of reached the peak figure at X square meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics stood at $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Kenya, accounting for a 76% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold. Hong Kong SAR (X square meters) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.1% per year) and Hong Kong SAR (+20.2% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Kenya, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 9.6% share of total imports. It was followed by Hong Kong SAR, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-16.8% per year) and Hong Kong SAR (+19.9% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, dropping by -8.1% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 India ($X per square meter), while the price for Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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