Kenya: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Kenya

After two years of growth, the Kenyan solid vulcanised rubber sheet market decreased by -3.3% to $X in 2022. Overall, consumption continues to indicate a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Kenya

Solid vulcanised rubber sheet exports from Kenya soared to X tons in 2022, increasing by 40% on the previous year's figure. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 72%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 144% 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 somewhat lower figure.

Exports by Country

Uganda (X tons) was the main destination for solid vulcanised rubber sheet exports from Kenya, accounting for a 64% share of total exports. Moreover, solid vulcanised rubber sheet exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), fivefold. The third position in this ranking was held by Democratic Republic of the Congo (X kg), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-10.8% per year) and Democratic Republic of the Congo (+70.1% per year).

In value terms, the largest markets for solid vulcanised rubber sheet exported from Kenya were Uganda ($X), Ethiopia ($X) and Tanzania ($X), with a combined 90% share of total exports.

Among the main countries of destination, Ethiopia, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, dropping by -1.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 63%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Tanzania (-0.8%), while the prices for the other major destinations experienced a decline.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Kenya

In 2022, approx. X tons of plates, sheets, strips for floor covering of solid vulcanised rubber were imported into Kenya; which is down by -13.3% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 234% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, solid vulcanised rubber sheet imports declined slightly to $X in 2022. In general, imports showed a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of 212% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and the United Arab Emirates (X tons) were the main suppliers of solid vulcanised rubber sheet imports to Kenya, together accounting for 91% of total imports. Sri Lanka, Tanzania, the United States and Malaysia lagged somewhat behind, together accounting for a further 6.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +57.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid vulcanised rubber sheet suppliers to Kenya were India ($X), China ($X) and the United Arab Emirates ($X), with a combined 79% share of total imports. Sri Lanka, the United States, Tanzania and Malaysia lagged somewhat behind, together accounting for a further 7%.

Among the main suppliers, the United States, with a CAGR of +26.4%, saw the highest growth rate of 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 solid vulcanised rubber sheet import price stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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