Kenya: Market for Jute And Jute-Like Fibers 2024

Market Size for Jute And Jute-Like Fibers in Kenya

The Kenyan jute and jute-like fibers market contracted to $X in 2022, reducing by -3.6% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.8% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank modestly in the following year.

Production of Jute And Jute-Like Fibers in Kenya

In value terms, jute and jute-like fibers production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 10% against the previous year. Jute and jute-like fibers production peaked at $X in 2021, and then shrank modestly in the following year.

The average yield of jute and jute-like fibers in Kenya was estimated at less than X kg per ha in 2022, remaining relatively unchanged against 2021 figures. In general, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of jute and jute-like fibers production in Kenya totaled less than X ha, flattening at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Kenya

Jute and jute-like fibers exports from Kenya amounted to X tons in 2022, remaining stable against the previous year's figure. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports surged to $X in 2022. In general, exports continue to indicate a notable increase. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for jute and jute-like fibers exports from Kenya, with a 33% share of total exports. Moreover, jute and jute-like fibers exports to Nigeria exceeded the volume sent to the second major destination, Cote d'Ivoire (X tons), threefold. Egypt (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+22.8% per year) and Egypt (+1.3% per year).

In value terms, Nigeria ($X) remains the key foreign market for jute and jute-like fibers exports from Kenya, comprising 32% of total exports. The second position in the ranking was held by Morocco ($X), with an 11% share of total exports. It was followed by Egypt, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Nigeria amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+2.2% per year) and Egypt (+13.4% per year).

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, rising by 144% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Niger ($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 the Philippines (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Kenya

In 2022, the amount of jute and jute-like fibers imported into Kenya declined remarkably to X tons, with a decrease of -22.5% compared with 2021. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 82%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, jute and jute-like fibers imports reduced sharply to $X in 2022. Over the period under review, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 224%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Tanzania (X tons) and India (X tons) were the main suppliers of jute and jute-like fibers imports to Kenya, together comprising 99.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +44.7%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Tanzania ($X) and India ($X) constituted the largest jute and jute-like fibers suppliers to Kenya, together comprising 98% of total imports.

In terms of the main suppliers, China, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, shrinking by -15.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 96%. The import price peaked at $X per ton in 2018; however, from 2019 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 Bangladesh ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+45.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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