Kenya: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Kenya

The Kenyan walking-sticks and whips market reduced to $X in 2021, dropping by -6.1% against the previous year. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Walking-Sticks And Whips Production in Kenya

In value terms, walking-sticks and whips production declined to $X in 2021 estimated in export price. In general, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 231%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Walking-Sticks And Whips Exports

Exports from Kenya

In 2021, approx. X kg of walking-sticks, seat-sticks, whips and riding-crops were exported from Kenya; waning by -57.8% on the year before. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 456% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, walking-sticks and whips exports reduced sharply to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 311%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for walking-sticks and whips exports from Kenya, with a 59% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, Rwanda (X kg), threefold. The third position in this ranking was held by Uganda (X kg), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-3.0% per year) and Uganda (-0.3% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Kenya, comprising 84% of total exports. The second position in the ranking was held by France ($X), with a 5.4% share of total exports. It was followed by Rwanda, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+844.4% per year) and Rwanda (+7.7% per year).

Export Prices by Country

In 2021, the average walking-sticks and whips export price amounted to $X per ton, jumping by 22% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips export price increased by +83.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 51%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Uganda ($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 France (+578.8%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Kenya

Walking-sticks and whips imports into Kenya expanded remarkably to X tons in 2021, with an increase of 7.4% on 2020. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 452% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 445% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main walking-sticks and whips supplier to Kenya, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +7.8%.

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Kenya.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.7%.

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, picking up by 25% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +50.0% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of 53%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +5.5% per year.

Source: IndexBox Platform

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