Kenya: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Kenya

In 2021, the Kenyan multiple-walled insulating glass unit market decreased by -71.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, saw a significant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Kenya

In 2021, approx. X square meters of multiple-walled insulating units of glass were exported from Kenya; growing by 4.2% compared with the year before. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2019 with an increase of 1,938%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports fell to $X in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,892%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Rwanda (X square meters) was the main destination for multiple-walled insulating glass unit exports from Kenya, accounting for a 74% share of total exports. Moreover, multiple-walled insulating glass unit exports to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X square meters), sixfold. Mozambique (X square meters) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Rwanda amounted to +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+30.3% per year) and Mozambique (+8.0% per year).

In value terms, Rwanda ($X) remains the key foreign market for multiple-walled insulating units of glass exports from Kenya, comprising 87% of total exports. The second position in the ranking was taken by Uganda ($X), with a 4.2% share of total exports. It was followed by Democratic Republic of the Congo, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Rwanda amounted to +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+52.7% per year) and Democratic Republic of the Congo (+2.5% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, which is down by -16.4% against the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 47% against the previous year. The export price peaked at $X per square meter in 2016; however, from 2017 to 2021, 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 Uganda ($X per square meter), while the average price for exports to Mozambique ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+18.2%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Kenya

In 2021, supplies from abroad of multiple-walled insulating units of glass decreased by -79% to X square meters, falling for the third year in a row after two years of growth. In general, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 449%. As a result, imports attained the peak of X square meters. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports fell markedly to $X in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 627% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest multiple-walled insulating glass unit supplier to Kenya, accounting for a 81% share of total imports. Moreover, multiple-walled insulating glass unit imports from China exceeded the figures recorded by the second-largest supplier, the United States (X square meters), more than tenfold. The United Arab Emirates (X square meters) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +72.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and the United Arab Emirates (-1.3% per year).

In value terms, the United States ($X), China ($X) and Denmark ($X) appeared to be the largest multiple-walled insulating glass unit suppliers to Kenya, together comprising 86% of total imports.

Among the main suppliers, Denmark, with a CAGR of +152.4%, 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 more modest paces of growth.

Import Prices by Country

The average multiple-walled insulating glass unit import price stood at $X per square meter in 2021, surging by 89% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+62.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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