Kenya: Waferboard Market 2024

Waferboard Market Size in Kenya

The Kenyan waferboard market shrank significantly to $X in 2021, which is down by -21.3% against the previous year. Over the period under review, consumption, however, recorded slight growth. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Waferboard Production in Kenya

In value terms, waferboard production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 76% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Waferboard Exports

Exports from Kenya

After two years of decline, overseas shipments of waferboards increased by 531% to X cubic meters in 2021. In general, exports, however, continue to indicate a abrupt decline. The exports peaked at X cubic meters in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, waferboard exports surged to $X in 2021. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Malawi (X cubic meters), Uganda (X cubic meters) and Tanzania (X cubic meters) were the main destinations of waferboard exports from Kenya, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malawi (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X), Malawi ($X) and Tanzania ($X) were the largest markets for waferboard exported from Kenya worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of +14.6%, saw the highest rates of growth with regard to 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

In 2021, the average waferboard export price amounted to $X per cubic meter, jumping by 21% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ethiopia ($X per cubic meter), while the average price for exports to Tanzania ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports

Imports into Kenya

In 2021, approx. X cubic meters of waferboards were imported into Kenya; shrinking by -4.7% against 2020. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. Imports peaked at X cubic meters in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, waferboard imports reached $X in 2021. Overall, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Africa (X cubic meters) constituted the largest waferboard supplier to Kenya, accounting for a 49% share of total imports. Moreover, waferboard imports from South Africa exceeded the figures recorded by the second-largest supplier, China (X cubic meters), twofold. The third position in this ranking was held by Turkey (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and Turkey (+7.9% per year).

In value terms, South Africa ($X) constituted the largest supplier of waferboards to Kenya, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Turkey, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and Turkey (+8.4% per year).

Import Prices by Country

The average waferboard import price stood at $X per cubic meter in 2021, rising by 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per cubic meter), while the price for Uganda ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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