Kenya: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in Kenya

The Kenyan reclaimed rubber market amounted to $X in 2021, surging by 3.9% against the previous year. Overall, consumption continues to indicate a remarkable increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Reclaimed Rubber Production in Kenya

In value terms, reclaimed rubber production rose to $X in 2021 estimated in export price. In general, production posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 51% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Reclaimed Rubber Exports

Exports from Kenya

In 2021, exports of reclaimed rubber from Kenya skyrocketed to X tons, rising by 16% on 2020 figures. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 307%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, reclaimed rubber exports expanded to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 638%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Uganda (X tons) was the main destination for reclaimed rubber exports from Kenya, with a 83% share of total exports. Moreover, reclaimed rubber exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X tons), sixfold. The third position in this ranking was held by Burundi (X tons), with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to Uganda stood at +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+106.3% per year) and Burundi (+27.8% per year).

In value terms, Uganda ($X) remains the key foreign market for reclaimed rubber exports from Kenya, comprising 89% of total exports. The second position in the ranking was held by Rwanda ($X), with a 5.5% share of total exports. It was followed by Burundi, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Uganda amounted to +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+67.9% per year) and Burundi (+45.0% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, shrinking by -9.5% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, reclaimed rubber export price decreased by -23.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 81%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Burundi ($X per ton), while the average price for exports to Malawi ($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 Burundi (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Reclaimed Rubber Imports

Imports into Kenya

In 2021, reclaimed rubber imports into Kenya skyrocketed to X tons, picking up by 85% on the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 215%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, reclaimed rubber imports surged to $X in 2021. Overall, imports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Tanzania (X tons) constituted the largest supplier of reclaimed rubber to Kenya, accounting for a 57% share of total imports. Moreover, reclaimed rubber imports from Tanzania exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by Egypt (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Tanzania amounted to +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.0% per year) and Egypt (+436.5% per year).

In value terms, India ($X) constituted the largest supplier of reclaimed rubber to Kenya, comprising 47% of total imports. The second position in the ranking was held by Tanzania ($X), with a 22% share of total imports. It was followed by Egypt, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+42.8% per year) and Egypt (+459.8% per year).

Import Prices by Country

The average reclaimed rubber import price stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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