Kenya: Market for Saw Logs And Veneer Logs (Non-Coniferous) 2024

Market Size for Saw Logs And Veneer Logs (Non-Coniferous) in Kenya

The Kenyan market for saw logs and veneer logs (non-coniferous) contracted to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption, however, saw a slight decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Saw Logs And Veneer Logs (Non-Coniferous) in Kenya

In value terms, production of saw logs and veneer logs (non-coniferous) fell to $X in 2022 estimated in export price. In general, production, however, showed a slight setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Saw Logs And Veneer Logs (Non-Coniferous)

Exports from Kenya

In 2022, shipments abroad of saw logs and veneer logs (non-coniferous) decreased by -73.8% to X cubic meters, falling for the third year in a row after three years of growth. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 496%. Over the period under review, the exports of reached the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of saw logs and veneer logs (non-coniferous) reduced markedly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 507%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X cubic meters) was the main destination for exports of saw logs and veneer logs (non-coniferous) from Kenya, with a 70% share of total exports. Moreover, exports of saw logs and veneer logs (non-coniferous) to India exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India totaled +16.8%.

In value terms, India ($X) remains the key foreign market for saw logs and veneer logs (non-coniferous) exports from Kenya, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at +23.0%.

Export Prices by Country

In 2022, the average export price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, with an increase of 1.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 24%. The export price peaked at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per cubic meter), while the average price for exports to the United Arab Emirates totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.3%).

Imports of Saw Logs And Veneer Logs (Non-Coniferous)

Imports into Kenya

In 2022, overseas purchases of saw logs and veneer logs (non-coniferous) increased by 65% to X cubic meters for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a significant decline. The pace of growth was the most pronounced in 2019 with an increase of 2,257%. As a result, imports attained the peak of X cubic meters. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of saw logs and veneer logs (non-coniferous) soared to $X in 2022. In general, imports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2019 with an increase of 1,000% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X cubic meters) was the main supplier of saw logs and veneer logs (non-coniferous) to Kenya, accounting for a 92% share of total imports. It was followed by India (X cubic meters), with a 3% share of total imports. The third position in this ranking was held by Uganda (X cubic meters), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to -29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.9% per year) and Uganda (-35.2% per year).

In value terms, South Africa ($X) constituted the largest supplier of saw logs and veneer logs (non-coniferous) to Kenya, comprising 91% of total imports. The second position in the ranking was taken by Uganda ($X), with a 5.7% share of total imports. It was followed by India, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled -24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-29.0% per year) and India (+26.8% per year).

Import Prices by Country

In 2022, the average import price for saw logs and veneer logs (non-coniferous) amounted to $X per cubic meter, increasing by 11% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2015 an increase of 798%. As a result, import price attained the peak level of $X per cubic meter. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uganda ($X per cubic meter), while the price for Tanzania ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :