Kenya: Asphalted Paper Market 2024

Asphalted Paper Market Size in Kenya

In 2022, the Kenyan asphalted paper market decreased by -22.9% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Asphalted Paper Production in Kenya

In value terms, asphalted paper production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 18% against the previous year. Asphalted paper production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Asphalted Paper Exports

Exports from Kenya

Asphalted paper exports from Kenya shrank sharply to X tons in 2022, which is down by -32.7% against the year before. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 392% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalted paper exports dropped rapidly to $X in 2022. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2015 when exports increased by 288%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sudan (X tons) was the main destination for asphalted paper exports from Kenya, with a 93% share of total exports. Moreover, asphalted paper exports to Sudan exceeded the volume sent to the second major destination, Uganda (X kg), more than tenfold. Democratic Republic of the Congo (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume to Sudan amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-15.0% per year) and Democratic Republic of the Congo (-31.9% per year).

In value terms, Sudan ($X) remains the key foreign market for tarred, bituminised or asphalted paper and paperboard exports from Kenya, comprising 86% of total exports. The second position in the ranking was held by Tanzania ($X), with a 12% share of total exports. It was followed by Uganda, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sudan amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-16.5% per year) and Uganda (-14.2% per year).

Export Prices by Country

In 2022, the average asphalted paper export price amounted to $X per ton, waning by -6% against the previous year. In general, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2019 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($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 Rwanda (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Asphalted Paper Imports

Imports into Kenya

In 2022, supplies from abroad of tarred, bituminised or asphalted paper and paperboard decreased by -32.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 372% against the previous year. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, asphalted paper imports shrank significantly to $X in 2022. In general, imports saw a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 423%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of asphalted paper imports to Kenya, together comprising 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +14.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), the United States ($X) and China ($X) appeared to be the largest asphalted paper suppliers to Kenya, together accounting for 90% of total imports.

In terms of the main suppliers, China, with a CAGR of +14.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average asphalted paper import price amounted to $X per ton, shrinking by -11.9% against the previous year. Over the period under review, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 79% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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