Kenya: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Kenya

In 2022, the Kenyan plaits and basketwork market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of 7.7% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Plaits And Basketwork Production in Kenya

In value terms, plaits and basketwork production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 15% against the previous year. Plaits and basketwork production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports from Kenya

Plaits and basketwork exports from Kenya expanded significantly to X tons in 2022, surging by 8.7% against the previous year's figure. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 89% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaits and basketwork exports soared to $X in 2022. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2019 when exports increased by 93% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for plaits and basketwork exports from Kenya, accounting for a 62% share of total exports. Moreover, plaits and basketwork exports to Israel exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Democratic Republic of the Congo (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+23.6% per year) and Democratic Republic of the Congo (+36.8% per year).

In value terms, Israel ($X), Saudi Arabia ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for plaits and basketwork exported from Kenya worldwide, together comprising 51% of total exports.

Democratic Republic of the Congo, with a CAGR of +45.5%, 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

In 2022, the average plaits and basketwork export price amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2019 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 the United States ($X per ton), while the average price for exports to Israel ($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 Democratic Republic of the Congo (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Plaits And Basketwork Imports

Imports into Kenya

In 2022, plaits and basketwork imports into Kenya soared to X tons, with an increase of 29% on the previous year's figure. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 298%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, plaits and basketwork imports soared to $X in 2022. In general, imports posted prominent growth. The growth pace was the most rapid in 2016 with an increase of 221% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Egypt (X tons) and China (X tons) were the main suppliers of plaits and basketwork imports to Kenya, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +47.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plaits and basketwork suppliers to Kenya were Egypt ($X), India ($X) and China ($X), together comprising 96% of total imports.

India, with a CAGR of +43.2%, 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 mixed trend patterns.

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, which is down by -10.6% against the previous year. Over the period under review, the import price showed a slight setback. The most prominent rate of growth was recorded in 2014 an increase of 55%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while the price for India ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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