Kenya: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Kenya

The Kenyan stainless steel household articles market contracted rapidly to $X in 2022, reducing by -18.6% 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). Over the period under review, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Kenya

In 2022, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by -19.9% to X units for the first time since 2014, thus ending a seven-year rising trend. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 509%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced markedly in the following year.

In value terms, stainless steel household articles exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 361%. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Democratic Republic of the Congo (X units), Malawi (X units) and Ethiopia (X units) were the main destinations of stainless steel household articles exports from Kenya, together accounting for 58% 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 Malawi (with a CAGR of +97.9%), while the other leaders experienced more modest paces of growth.

In value terms, Democratic Republic of the Congo ($X), Ethiopia ($X) and Malawi ($X) were the largest markets for stainless steel household articles exported from Kenya worldwide, together accounting for 55% of total exports. South Sudan, Somalia, Uganda and Mozambique lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, Mozambique, with a CAGR of +83.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, surging by 2.5% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of 39%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a 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 South Sudan ($X per unit), while the average price for exports to Somalia ($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 Ethiopia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Kenya

In 2022, supplies from abroad of table, kitchen or household articles and parts of stainless steel decreased by -14.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 106% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, stainless steel household articles imports contracted notably to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 104% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of stainless steel household articles imports to Kenya, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +28.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and the UK ($X) constituted the largest stainless steel household articles suppliers to Kenya, together accounting for 93% of total imports.

China, with a CAGR of +27.8%, recorded 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

The average stainless steel household articles import price stood at $X per unit in 2022, falling by -6.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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