Kenya: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Kenya

The Kenyan metal office furniture market declined to $X in 2022, waning by -7.9% 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). In general, consumption faced a deep contraction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Metal Office Furniture Exports

Exports from Kenya

Metal office furniture exports from Kenya soared to X tons in 2022, picking up by 198% against 2021. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 268% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal office furniture exports skyrocketed to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 529% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

South Sudan (X tons) was the main destination for metal office furniture exports from Kenya, accounting for a 61% share of total exports. Moreover, metal office furniture exports to South Sudan exceeded the volume sent to the second major destination, Uganda (X tons), threefold. The third position in this ranking was held by Somalia (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+38.5% per year) and Somalia (+1.4% per year).

In value terms, South Sudan ($X) remains the key foreign market for metal office furniture exports from Kenya, comprising 57% of total exports. The second position in the ranking was taken by Uganda ($X), with a 12% share of total exports. It was followed by Somalia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to South Sudan stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+42.7% per year) and Somalia (-5.9% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, dropping by -23% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 71% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 Malawi ($X per ton), while the average price for exports to Uganda ($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 South Sudan (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Kenya

In 2022, metal office furniture imports into Kenya amounted to X tons, approximately mirroring the previous year. Over the period under review, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 288% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal office furniture imports reduced to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 285%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Kenya, accounting for a 72% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-6.6% per year) and Malaysia (-17.9% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Kenya, comprising 68% of total imports. The second position in the ranking was taken by South Korea ($X), with a 4.7% share of total imports. It was followed by Turkey, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-11.2% per year) and Turkey (+9.9% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, waning by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 12%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Turkey ($X per ton), while the price for Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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