Kenya: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Kenya

The Kenyan market for particle board and similar board of ligneous materials (excluding wood) reached $X in 2021, flattening at the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in Kenya

In value terms, production of particle board and similar board of ligneous materials (excluding wood) expanded to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports from Kenya

In 2021, after two years of growth, there was significant decline in shipments abroad of particle board and similar board of ligneous materials (excluding wood), when their volume decreased by -47.5% to X cubic meters. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 with an increase of 357%. The exports peaked at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) fell significantly to $X in 2021. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 299% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X cubic meters) was the main destination for exports of particle board and similar board of ligneous materials (excluding wood) from Kenya, with a 57% share of total exports. Moreover, exports of particle board and similar board of ligneous materials (excluding wood) to Uganda exceeded the volume sent to the second major destination, Ethiopia (X cubic meters), fourfold. The third position in this ranking was held by Rwanda (X cubic meters), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Uganda stood at -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (-21.7% per year) and Rwanda (-18.8% per year).

In value terms, the largest markets for board of bagasse, bamboo or other particles exported from Kenya were Ethiopia ($X), Uganda ($X) and Rwanda ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Ethiopia, with a CAGR of -7.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for particle board and similar board of ligneous materials (excluding wood) stood at $X per cubic meter in 2021, growing by 5.7% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for particle board and similar board of ligneous materials (excluding wood) decreased by -28.5% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 44% against the previous year. The export price peaked at $X per cubic meter in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per cubic meter), while the average price for exports to Burundi ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports into Kenya

In 2021, imports of particle board and similar board of ligneous materials (excluding wood) into Kenya surged to X cubic meters, with an increase of 27% compared with 2020. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 322%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) stood at $X in 2021. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 146%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Uganda (X cubic meters) constituted the largest supplier of board of bagasse, bamboo or other particles to Kenya, accounting for a 82% share of total imports. Moreover, imports of particle board and similar board of ligneous materials (excluding wood) from Uganda exceeded the figures recorded by the second-largest supplier, Lebanon (X cubic meters), more than tenfold. Malaysia (X cubic meters) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Uganda stood at +141.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+43.8% per year) and Malaysia (+24.7% per year).

In value terms, Uganda ($X) constituted the largest supplier of particle board and similar board of ligneous materials (excluding wood) to Kenya, comprising 55% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 20% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Uganda stood at +95.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (+37.2% per year) and Malaysia (+23.9% per year).

Import Prices by Country

In 2021, the average import price for particle board and similar board of ligneous materials (excluding wood) amounted to $X per cubic meter, falling by -15.6% against the previous year. Overall, the import price faced a drastic downturn. The growth pace was the most rapid in 2013 an increase of 18%. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per cubic meter), while the price for Uganda ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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