Kenya: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Kenya

The Kenyan ethylene polymer bag market reached $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Ethylene Polymer Bag Production in Kenya

In value terms, ethylene polymer bag production reached $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 81%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Kenya

In 2022, shipments abroad of sacks and bags of polymers of ethylene increased by 35% to X tons, rising for the second year in a row after five years of decline. In general, exports, however, saw a drastic downturn. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer bag exports contracted to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mozambique (X tons), Burundi (X tons) and Tanzania (X tons) were the main destinations of ethylene polymer bag exports from Kenya, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +69.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Burundi ($X), Tanzania ($X) and Mozambique ($X) appeared to be the largest markets for ethylene polymer bag exported from Kenya worldwide, together accounting for 86% of total exports.

Mozambique, with a CAGR of +21.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average ethylene polymer bag export price amounted to $X per ton, declining by -35.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Mozambique ($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 Democratic Republic of the Congo (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ethylene Polymer Bag Imports

Imports into Kenya

In 2022, purchases abroad of sacks and bags of polymers of ethylene increased by 7.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 50%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ethylene polymer bag imports dropped to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ethylene polymer bag supplier to Kenya, accounting for a 73% share of total imports. Moreover, ethylene polymer bag imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+7.2% per year) and India (+12.3% per year).

In value terms, China ($X) constituted the largest supplier of sacks and bags of polymers of ethylene to Kenya, comprising 68% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 7.4% share of total imports. It was followed by India, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+11.0% per year) and India (+10.2% per year).

Import Prices by Country

In 2022, the average ethylene polymer bag import price amounted to $X per ton, dropping by -18.2% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 81%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for India ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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