Kenya: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Kenya

In 2021, after three years of growth, there was significant decline in the Kenyan cement prefabricated structural components market, when its value decreased by -13.8% to $X. Overall, consumption, however, posted a measured expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Kenya

In value terms, cement prefabricated structural components production shrank to $X in 2021 estimated in export price. Overall, production, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 44%. Over the period under review, production attained the maximum level at $X in 2020, and then reduced in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Kenya

In 2021, after five years of growth, there was significant decline in overseas shipments of prefabricated structural components of cement, concrete or artificial stone, when their volume decreased by -11.5% to X tons. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 195%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports skyrocketed to $X in 2021. Overall, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2017 when exports increased by 365% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uganda (X tons), Ethiopia (X tons) and Tanzania (X tons) were the main destinations of cement prefabricated structural components exports from Kenya, together accounting for 80% of total exports. Rwanda, Zimbabwe and Somalia lagged somewhat behind, together comprising a further 19%.

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 +15.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cement prefabricated structural components exported from Kenya were Rwanda ($X), Uganda ($X) and Tanzania ($X), together comprising 73% of total exports.

Rwanda, with a CAGR of +17.5%, recorded the highest growth rate of the value of exports, among 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

The average cement prefabricated structural components export price stood at $X per ton in 2021, increasing by 100% against the previous year. In general, the export price enjoyed tangible growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Somalia ($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 Uganda (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Kenya

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -61.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of 207%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports reduced markedly to $X in 2021. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 229%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Africa (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of cement prefabricated structural components imports to Kenya, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest cement prefabricated structural components suppliers to Kenya, with a combined 70% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of +36.9%, 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

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, which is down by -22.3% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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