Kenya: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Kenya

The Kenyan market for plastic plates, sheets, film, foil and strip expanded sharply to $X in 2021, growing by 10% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.9% against 2014 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Kenya

In 2021, overseas shipments of plastic plates, sheets, film, foil and strip increased by 8.1% to X tons, rising for the fourth year in a row after two years of decline. The total export volume increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 33%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of plastic plates, sheets, film, foil and strip rose to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Zambia (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Kenya, with a combined 63% share of total exports. Ethiopia, Rwanda, Zimbabwe, South Sudan and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +22.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic plate, sheet, film, foil and strip exported from Kenya were Uganda ($X), Tanzania ($X) and Zambia ($X), with a combined 66% share of total exports. These countries were followed by Ethiopia, Zimbabwe, Rwanda, South Sudan and Democratic Republic of the Congo, which together accounted for a further 23%.

Ethiopia, with a CAGR of +21.8%, recorded the highest growth rate of the value of exports, in terms of 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 2021, the average export price for plastic plates, sheets, film, foil and strip amounted to $X per ton, declining by -5.8% against the previous year. Over the period under review, the export price showed a mild slump. The growth pace was the most rapid in 2014 when the average export price increased by 9.7%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Ethiopia (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Kenya

Imports of plastic plates, sheets, film, foil and strip into Kenya expanded to X tons in 2021, picking up by 4.4% against 2020. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.0% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 32%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, imports of plastic plates, sheets, film, foil and strip rose notably to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), India (X tons) and Egypt (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Kenya, together accounting for 69% of total imports. These countries were followed by Saudi Arabia, Israel, Finland, Turkey and the United Arab Emirates, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +57.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Egypt ($X) appeared to be the largest plastic plate, sheet, film, foil and strip suppliers to Kenya, with a combined 61% share of total imports. These countries were followed by Israel, Saudi Arabia, Turkey, Finland and the United Arab Emirates, which together accounted for a further 21%.

In terms of the main suppliers, Finland, with a CAGR of +54.3%, recorded 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 import price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, increasing by 8.1% against the previous year. Overall, the import price, however, showed a slight downturn. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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