Kenya: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Kenya

The Kenyan vulcanised cellular rubber articles market shrank to $X in 2021, waning by -5.8% 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, showed a temperate expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Kenya

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses decreased by -68% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 565% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles exports contracted dramatically to $X in 2021. In general, exports, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 507% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia (X kg), Uganda (X kg) and Zambia (X kg) were the main destinations of vulcanised cellular rubber articles exports from Kenya, together comprising 94% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +47.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vulcanised cellular rubber articles exported from Kenya were Tunisia ($X), Uganda ($X) and Zambia ($X), with a combined 88% share of total exports.

Zambia, with a CAGR of +26.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, reducing by -13.7% against the previous year. Overall, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 188%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Zambia ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Kenya

In 2021, the amount of vulcanised cellular rubber articles for technical uses imported into Kenya dropped to X tons, shrinking by -10.2% compared with 2020. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,346% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports contracted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 426%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vulcanised cellular rubber articles supplier to Kenya, accounting for a 81% share of total imports. Moreover, vulcanised cellular rubber articles imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.5% per year) and Thailand (+1.8% per year).

In value terms, China ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Kenya, comprising 36% of total imports. The second position in the ranking was taken by India ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.8% per year) and Thailand (+0.4% per year).

Import Prices by Country

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, increasing by 7.8% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The growth pace was the most rapid in 2013 an increase of 111%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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