Kenya: Plastic Closure Market 2024

Plastic Closure Market Size in Kenya

The Kenyan plastic closure market amounted to $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.9% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plastic Closure Production in Kenya

In value terms, plastic closure production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plastic Closure Exports

Exports from Kenya

Plastic closure exports from Kenya reduced to X tons in 2022, declining by -10% on 2021 figures. In general, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 65%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic closure exports dropped to $X in 2022. Over the period under review, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for plastic closure exports from Kenya, accounting for a 38% share of total exports. Moreover, plastic closure exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. Rwanda (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-16.7% per year) and Rwanda (+35.4% per year).

In value terms, Uganda ($X), Tanzania ($X) and Rwanda ($X) appeared to be the largest markets for plastic closure exported from Kenya worldwide, together comprising 73% of total exports.

Among the main countries of destination, Rwanda, with a CAGR of +41.4%, recorded 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 closure export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 14%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the 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 Tanzania ($X per ton), while the average price for exports to South Sudan ($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 South Sudan (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Closure Imports

Imports into Kenya

In 2022, approx. X tons of plastic stoppers, caps and closures were imported into Kenya; waning by -12.2% compared with the previous year. Overall, imports, however, posted a measured expansion. The growth pace was the most rapid in 2016 when imports increased by 65%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic closure imports contracted to $X in 2022. In general, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 46%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Egypt (X tons) were the main suppliers of plastic closure imports to Kenya, together comprising 66% of total imports. Germany, Turkey, the United States, South Africa and France lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +42.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic closure suppliers to Kenya were China ($X), India ($X) and Egypt ($X), together comprising 62% of total imports. The United States, Germany, Turkey, South Africa and France lagged somewhat behind, together comprising a further 25%.

Turkey, with a CAGR of +32.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average plastic closure import price amounted to $X per ton, growing by 2.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 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 States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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