Kenya: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Kenya

The Kenyan plastic shutters and blinds market reduced notably to $X in 2022, waning by -28% 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). In general, consumption, however, enjoyed a noticeable increase. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

Exports of Plastic Shutters And Blinds

Exports from Kenya

In 2022, after two years of decline, there was significant growth in overseas shipments of plastic shutters and blinds, when their volume increased by 200% to X units. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by 287%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, plastic shutters and blinds exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 249% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X units), Rwanda (X units) and Mozambique (X units) were the main destinations of plastic shutters and blinds exports from Kenya, together comprising 83% of total exports. Moreover, plastic shutters and blinds exports in Uganda exceeded the figures recorded by the second-largest exporter, Rwanda, twofold.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of +0.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Uganda ($X) remains the key foreign market for plastic shutters and blinds exports from Kenya, comprising 65% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 16% share of total exports. It was followed by Somalia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-9.4% per year) and Somalia (-4.5% per year).

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, which is down by -11.9% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+28.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Shutters And Blinds

Imports into Kenya

In 2022, the amount of plastic shutters and blinds imported into Kenya shrank dramatically to X units, waning by -29.7% compared with 2021 figures. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 612%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, plastic shutters and blinds imports reduced sharply to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 273%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of plastic shutters and blinds to Kenya, accounting for a 95% share of total imports. It was followed by South Korea (X units), with a 0.9% share of total imports. The UK (X units) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-10.4% per year) and the UK (-21.2% per year).

In value terms, China ($X) constituted the largest supplier of plastic shutters and blinds to Kenya, comprising 82% of total imports. The second position in the ranking was held by Uganda ($X), with a 2.2% share of total imports. It was followed by the UK, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-20.1% per year) and the UK (-21.3% per year).

Import Prices by Country

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, with an increase of 6.2% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 68%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a 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 Uganda ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+18.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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