Kenya: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Kenya

The Kenyan man-made filament yarn market expanded remarkably to $X in 2021, rising by 15% 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). Overall, consumption recorded a perceptible downturn. Man-made filament yarn consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in overseas shipments of man-made filament yarn, which decreased by -13.7% to X tons in 2021. Over the period under review, exports, however, continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2013 when exports increased by 465% 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, man-made filament yarn exports declined remarkably to $X in 2021. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 335% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Uganda (X tons) was the main destination for man-made filament yarn exports from Kenya, accounting for a 69% share of total exports. Moreover, man-made filament yarn exports to Uganda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X kg), fivefold. Rwanda (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+38.6% per year) and Rwanda (+7.5% per year).

In value terms, the largest markets for man-made filament yarn exported from Kenya were Uganda ($X), Democratic Republic of the Congo ($X) and Tanzania ($X), with a combined 89% share of total exports.

Democratic Republic of the Congo, with a CAGR of +41.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, waning by -15.3% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Man-Made Filament Yarn Imports

Imports into Kenya

In 2021, purchases abroad of man-made filament yarn decreased by -1.2% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 685%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, man-made filament yarn imports surged to $X in 2021. Over the period under review, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 994% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of man-made filament yarn to Kenya, accounting for a 60% share of total imports. Moreover, man-made filament yarn imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.7% per year) and Egypt (+19.6% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Vietnam ($X) were the largest man-made filament yarn suppliers to Kenya, with a combined 81% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +28.0%, saw the highest growth rate of 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 man-made filament yarn import price amounted to $X per ton, increasing by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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