Kenya: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Kenya

In 2021, the Kenyan lamp plastic parts market increased by 628% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a deep setback. Lamp plastic parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lamp Plastic Parts Exports

Exports from Kenya

In 2021, shipments abroad of plastic parts for lamps and lighting fittings decreased by -64% to X kg, falling for the fifth year in a row after three years of growth. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 184%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, lamp plastic parts exports shrank markedly to $X in 2021. In general, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2015 with an increase of 283%. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for lamp plastic parts exports from Kenya, with a 81% share of total exports. Moreover, lamp plastic parts exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Tanzania (X kg), sevenfold. Uganda (X kg) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-18.1% per year) and Uganda (-16.4% per year).

In value terms, Tanzania ($X) remains the key foreign market for plastic parts for lamps and lighting fittings exports from Kenya, comprising 73% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 6.5% share of total exports. It was followed by Uganda, with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania stood at +31.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-18.8% per year) and Uganda (-10.2% per year).

Export Prices by Country

In 2021, the average lamp plastic parts export price amounted to $X per ton, falling by -23.9% against the previous year. Overall, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then contracted notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+61.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Kenya

In 2021, the amount of plastic parts for lamps and lighting fittings imported into Kenya skyrocketed to X tons, with an increase of 494% on the year before. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 759%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lamp plastic parts imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2014 when imports increased by 822%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Kenya, with a 68% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and India (+14.1% per year).

In value terms, the largest lamp plastic parts suppliers to Kenya were China ($X), the United States ($X) and India ($X), with a combined 75% share of total imports.

India, with a CAGR of +24.9%, recorded the highest rates of growth with regard to 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 lamp plastic parts import price stood at $X per ton in 2021, jumping by 33% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts import price increased by +123.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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