Kenya: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Kenya

The Kenyan sack kraft paper market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 -14.3% against 2019 indices. Sack kraft paper consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sack Kraft Paper Exports

Exports from Kenya

In 2022, the amount of sack kraft paper exported from Kenya reduced rapidly to X tons, waning by -31.7% compared with the previous year. In general, exports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 174%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, sack kraft paper exports fell dramatically to $X in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of 175%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X tons), Tanzania (X tons) and Rwanda (X tons) were the main destinations of sack kraft paper exports from Kenya, together accounting for 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +5.8%), while the other leaders experienced a decline.

In value terms, Uganda ($X) remains the key foreign market for sack kraft paper exports from Kenya, comprising 63% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-3.6% per year) and Rwanda (-20.2% per year).

Export Prices by Country

The average sack kraft paper export price stood at $X per ton in 2022, growing by 2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a 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 Rwanda ($X per ton), while the average price for exports to Tanzania ($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 Uganda (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sack Kraft Paper Imports

Imports into Kenya

Sack kraft paper imports into Kenya expanded remarkably to X tons in 2022, with an increase of 5.5% on 2021. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, sack kraft paper imports totaled $X in 2022. Over the period under review, total imports indicated a buoyant increase 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, imports decreased by -15.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of sack kraft paper to Kenya, with a 44% share of total imports. Moreover, sack kraft paper imports from Russia exceeded the figures recorded by the second-largest supplier, Tanzania (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-1.9% per year) and the United States (+10.7% per year).

In value terms, Russia ($X) constituted the largest supplier of sack kraft paper to Kenya, comprising 47% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 20% share of total imports. It was followed by Austria, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +36.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (-1.5% per year) and Austria (+15.7% per year).

Import Prices by Country

In 2022, the average sack kraft paper import price amounted to $X per ton, which is down by -5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 17% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform