Kenya: Pharmaceutical Rubber Articles Market 2024

Pharmaceutical Rubber Articles Market Size in Kenya

The Kenyan pharmaceutical rubber articles market declined notably to $X in 2021, waning by -33.9% 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). Over the period under review, consumption, however, saw a moderate increase. Pharmaceutical rubber articles consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Pharmaceutical Rubber Articles Exports

Exports from Kenya

In 2021, exports of hygienic or pharmaceutical articles of rubber from Kenya skyrocketed to X units, picking up by 881% on 2020 figures. In general, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical rubber articles exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Somalia (X units), Democratic Republic of the Congo (X units) and Saudi Arabia (X units) were the main destinations of pharmaceutical rubber articles exports from Kenya, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Democratic Republic of the Congo (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, Somalia ($X) remains the key foreign market for hygienic or pharmaceutical articles of rubber exports from Kenya, comprising 93% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 6.2% share of total exports. It was followed by Saudi Arabia, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Somalia totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+35.7% per year) and Saudi Arabia (0.0% per year).

Export Prices by Country

In 2021, the average pharmaceutical rubber articles export price amounted to $X per unit, with a decrease of -46% against the previous year. Overall, the export price showed a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 20%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Uganda (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+2.5%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Rubber Articles Imports

Imports into Kenya

In 2021, imports of hygienic or pharmaceutical articles of rubber into Kenya dropped to X units, waning by -7.9% against 2020 figures. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 591%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, pharmaceutical rubber articles imports reduced notably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 616% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Singapore (X units) were the main suppliers of pharmaceutical rubber articles imports to Kenya, together accounting for 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +20.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pharmaceutical rubber articles suppliers to Kenya were China ($X), India ($X) and Singapore ($X), together accounting for 68% of total imports.

Among the main suppliers, Singapore, with a CAGR of +19.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average pharmaceutical rubber articles import price amounted to $X per unit, waning by -31.6% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :