Report Update Nov 1, 2024

Kenya - Statuettes and Other Ornamental Articles of Plastic - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Kenya

The Kenyan plastic ornamental articles market contracted to $X in 2022, with a decrease of -7.6% 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, however, recorded resilient growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Plastic Ornamental Articles Exports

Exports from Kenya

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were exported from Kenya; which is down by -11.7% compared with 2021 figures. Over the period under review, exports showed a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by 693%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports fell to $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 572%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and the United States (X kg) were the main destinations of plastic ornamental articles exports from Kenya, together comprising 70% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for statuettes and other ornamental articles of plastic exports from Kenya, comprising 42% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+44.0% per year) and France (+47.5% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 181% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 the United Arab Emirates (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Kenya

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were imported into Kenya; waning by -7.8% compared with the previous year. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 106%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic ornamental articles imports dropped to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by 70%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of plastic ornamental articles to Kenya, accounting for a 98% share of total imports. It was followed by the United States (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.1%.

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Kenya, comprising 98% of total imports. The second position in the ranking was taken by the United States ($X), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +10.8%.

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for statuettes and other ornamental articles of plastic in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together accounting for 57% of global consumption.

What are the largest producers of statuettes and other ornamental articles of plastic in the world?

China constituted the country with the largest volume of plastic ornamental articles production, accounting for 82% of total volume. Moreover, plastic ornamental articles production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Indonesia, with a 2.3% share.

What are the leading suppliers of statuettes and other ornamental articles of plastic to Kenya?

In value terms, China constituted the largest supplier of plastic ornamental articles to Kenya, comprising 93% of total imports. The second position in the ranking was occupied by Singapore, with a 1% share of total imports.

What are the leading importers of statuettes and other ornamental articles of plastic from Kenya?

In value terms, Italy, the Netherlands and the United States constituted the largest markets for plastic ornamental articles exported from Kenya worldwide, with a combined 97% share of total exports.

What is the average export price for statuettes and other ornamental articles of plastic in Kenya?

The average plastic ornamental articles export price stood at $17,038 per ton in 2021, rising by 172% against the previous year.

What is the average import price for statuettes and other ornamental articles of plastic in Kenya?

In 2021, the average plastic ornamental articles import price amounted to $3,510 per ton, flattening at the previous year.

This report provides an in-depth analysis of the plastic ornamental articles market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292620 - Statuettes and other ornamental articles of plastic (including photograph, picture and similar frames)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023