Kenya: Hand Stamp Market 2024

Hand Stamp Market Size in Kenya

In 2022, the Kenyan hand stamp market decreased by -10.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Exports

Exports from Kenya

After three years of growth, overseas shipments of stamps for use in the hand decreased by -6.2% to X units in 2022. In general, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2020 when exports increased by 288% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, hand stamp exports contracted remarkably to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 275%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

Uganda (X units) was the main destination for hand stamp exports from Kenya, with a 84% share of total exports. Moreover, hand stamp exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X units), more than tenfold. Zambia (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Uganda amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+27.7% per year) and Zambia (+18.9% per year).

In value terms, Uganda ($X) remains the key foreign market for stamps for use in the hand exports from Kenya, comprising 73% of total exports. The second position in the ranking was taken by Zambia ($X), with a 16% share of total exports. It was followed by Rwanda, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Uganda totaled +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+28.1% per year) and Rwanda (+5.3% per year).

Export Prices by Country

The average hand stamp export price stood at $X per unit in 2022, reducing by -20% against the previous year. Overall, the export price, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2014 an increase of 117%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to South Sudan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Kenya

In 2022, overseas purchases of stamps for use in the hand decreased by -12.9% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, showed notable growth. The most prominent rate of growth was recorded in 2018 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hand stamp imports reduced to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 144%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest supplier of hand stamp to Kenya, accounting for a 68% share of total imports. Moreover, hand stamp imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), threefold. India (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.7% per year) and India (-5.6% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Austria ($X) appeared to be the largest hand stamp suppliers to Kenya, with a combined 59% share of total imports.

Among the main suppliers, China, with a CAGR of +35.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, surging by 9.2% against the previous year. In general, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 316% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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 Austria ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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