Kenya: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Kenya

The Kenyan natural stone sett market totaled $X in 2022, picking up by 4.3% against the previous year. Overall, consumption recorded a prominent increase. Natural stone sett consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Natural Stone Sett Production in Kenya

In value terms, natural stone sett production rose to $X in 2022 estimated in export price. Overall, production posted strong growth. The growth pace was the most rapid in 2019 with an increase of 142%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Natural Stone Sett Exports

Exports from Kenya

In 2022, shipments abroad of natural stone setts, kerbstones and flagstones was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 327%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, natural stone sett exports fell to $X in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 464% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for natural stone sett exports from Kenya, accounting for a 79% share of total exports. Moreover, natural stone sett exports to Uganda exceeded the volume sent to the second major destination, Sweden (X kg), sevenfold. France (X kg) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Uganda stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and France (0.0% per year).

In value terms, Uganda ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Kenya, comprising 19% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.6% share of total exports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Uganda totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-22.2% per year) and France (0.0% per year).

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, waning by -24% against the previous year. In general, the export price, however, recorded slight growth. The growth pace was the most rapid in 2021 an increase of 79% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Uganda ($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 Singapore (-5.5%).

Natural Stone Sett Imports

Imports into Kenya

In 2022, imports of natural stone setts, kerbstones and flagstones into Kenya was estimated at X tons, remaining stable against the previous year. Over the period under review, imports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2017 when imports increased by 28%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a precipitous slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of natural stone sett to Kenya, with a 60% share of total imports. Moreover, natural stone sett imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by China (X kg), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-1.0% per year) and China (-42.6% per year).

In value terms, the largest natural stone sett suppliers to Kenya were India ($X), Indonesia ($X) and China ($X), with a combined 99% share of total imports. Moreover, natural stone sett imports in India exceeded the figures recorded by the second-largest supplier, Indonesia, twofold.

India, with a CAGR of -16.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average natural stone sett import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($X per ton), while the price for the United Arab Emirates ($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 UK (+346.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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