Kenya: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Kenya

In 2022, after three years of growth, there was significant decline in the Kenyan plastic self-adhesive plate market, when its value decreased by -8.9% to $X. Overall, consumption, however, enjoyed a prominent expansion. Plastic self-adhesive plate consumption peaked at $X in 2021, and then declined in the following year.

Plastic Self-Adhesive Plate Exports

Exports from Kenya

In 2022, exports of plastic self-adhesive plates, sheets and other flat shapes from Kenya totaled X tons, picking up by 7.3% on the previous year. In general, exports, however, showed a mild slump. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic self-adhesive plate exports shrank to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 44%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Uganda (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of plastic self-adhesive plate exports from Kenya, together accounting for 67% of total exports. Ethiopia, Rwanda, South Sudan and Somalia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +29.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic self-adhesive plate exported from Kenya were Tanzania ($X), Uganda ($X) and Ethiopia ($X), together comprising 70% of total exports.

In terms of the main countries of destination, Ethiopia, with a CAGR of +27.1%, saw the highest growth rate of the value of exports, 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 plastic self-adhesive plate export price amounted to $X per ton, with a decrease of -8.5% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic self-adhesive plate export price increased by +83.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 28%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports into Kenya

After three years of growth, supplies from abroad of plastic self-adhesive plates, sheets and other flat shapes decreased by -10.3% to X tons in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 54% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, plastic self-adhesive plate imports fell to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic self-adhesive plate to Kenya, accounting for a 71% share of total imports. Moreover, plastic self-adhesive plate imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.4% per year) and Taiwan (Chinese) (-5.7% per year).

In value terms, China ($X) constituted the largest supplier of plastic self-adhesive plates, sheets and other flat shapes to Kenya, comprising 55% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.9% per year) and Taiwan (Chinese) (-9.3% per year).

Import Prices by Country

The average plastic self-adhesive plate import price stood at $X per ton in 2022, with an increase of 3.9% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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