Kenya: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Kenya

The Kenyan market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021, jumping by 69% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant increase. Consumption of peaked in 2021 and is likely to see steady growth in the immediate term.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Kenya

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 20% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 287%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles fell to $X in 2021. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 507%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Uganda (X tons) and Tanzania (X tons) were the main destinations of exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Kenya, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +65.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Kenya, comprising 71% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total exports. It was followed by Tanzania, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Uganda stood at +102.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+50.8% per year) and Tanzania (+117.9% per year).

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, which is down by -21.3% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by +18.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Saudi Arabia ($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 Zambia (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Kenya

In 2021, approx. X tons of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles were imported into Kenya; growing by 28% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 127%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 204%. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Hong Kong SAR (X tons), China (X tons) and South Africa (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Kenya, with a combined 82% 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 Hong Kong SAR (with a CAGR of +69.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and South Africa ($X) constituted the largest glass fibre filament, roving, and staple glass fibre article suppliers to Kenya, with a combined 65% share of total imports.

Hong Kong SAR, with a CAGR of +52.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, surging by 66% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Kuwait ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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