Kenya: Plastic Supports Market 2024

Plastic Supports Market Size in Kenya

After four years of growth, the Kenyan plastic supports market decreased by -1.7% to $X in 2022. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Plastic supports consumption peaked at $X in 2021, and then dropped in the following year.

Plastic Supports Production in Kenya

In value terms, plastic supports production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 11% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Plastic Supports Exports

Exports from Kenya

In 2022, overseas shipments of spools, cops, bobbins and similar supports of plastics were finally on the rise to reach X tons after four years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 162% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic supports exports surged to $X in 2022. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2014 with an increase of 77%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X tons) was the main destination for plastic supports exports from Kenya, accounting for a 96% share of total exports. It was followed by Tanzania (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Uganda stood at -7.6%.

In value terms, Uganda ($X) remains the key foreign market for spools, cops, bobbins and similar supports of plastics exports from Kenya, comprising 92% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uganda stood at -9.1%.

Export Prices by Country

In 2022, the average plastic supports export price amounted to $X per ton, which is down by -8.8% against the previous year. Overall, the export price showed a mild decrease. The pace of growth was the most pronounced in 2018 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+6.4%), while the prices for the other major destinations experienced a decline.

Plastic Supports Imports

Imports into Kenya

In 2022, plastic supports imports into Kenya fell notably to X tons, with a decrease of -26.1% compared with the year before. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 199% against the previous year. Imports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, plastic supports imports shrank to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 126% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic supports to Kenya, with a 68% share of total imports. Moreover, plastic supports imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+77.8% per year) and India (+8.4% per year).

In value terms, China ($X) constituted the largest supplier of spools, cops, bobbins and similar supports of plastics to Kenya, comprising 49% of total imports. The second position in the ranking was held by Egypt ($X), with a 23% share of total imports. It was followed by India, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +58.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+94.9% per year) and India (+11.7% per year).

Import Prices by Country

The average plastic supports import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8,550.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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