Kenya: Market for Wood Chips, Parts, Residues, Pellets And Other Agglomerates 2024

Market Size for Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Kenya

For the third consecutive year, the Kenyan market for wood chips, parts, residues, pellets and other agglomerates recorded growth in sales value, which increased by 97% to $X in 2021. In general, consumption showed a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Production of Wood Chips, Parts, Residues, Pellets And Other Agglomerates in Kenya

In value terms, production of wood chips, parts, residues, pellets and other agglomerates shrank to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 87% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then fell in the following year.

Exports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Exports from Kenya

In 2021, shipments abroad of wood chips, parts, residues, pellets and other agglomerates increased by 10% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 280%. Over the period under review, the exports of reached the peak figure at X cubic meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of wood chips, parts, residues, pellets and other agglomerates skyrocketed to $X in 2021. Overall, exports posted a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 144% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Democratic Republic of the Congo (X cubic meters) was the main destination for exports of wood chips, parts, residues, pellets and other agglomerates from Kenya, with a 82% share of total exports. Moreover, exports of wood chips, parts, residues, pellets and other agglomerates to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Uganda (X cubic meters), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo amounted to +54.3%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for wood chips, parts, residues, pellets and other agglomerates exports from Kenya, comprising 81% of total exports. The second position in the ranking was taken by Uganda ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo totaled +44.8%.

Export Prices by Country

The average export price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, picking up by 4.9% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 596%. As a result, the export price attained the peak level of $X per cubic meter. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Uganda ($X per cubic meter), while the average price for exports to Democratic Republic of the Congo amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+23.2%).

Imports of Wood Chips, Parts, Residues, Pellets And Other Agglomerates

Imports into Kenya

In 2021, supplies from abroad of wood chips, parts, residues, pellets and other agglomerates increased by 183% to X cubic meters, rising for the second year in a row after three years of decline. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 197% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, imports of wood chips, parts, residues, pellets and other agglomerates soared to $X in 2021. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2016 when imports increased by 148% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X cubic meters), Democratic Republic of the Congo (X cubic meters) and Germany (X cubic meters) were the main suppliers of imports of wood chips, parts, residues, pellets and other agglomerates to Kenya, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of wood chips, parts, residues, pellets and other agglomerates to Kenya, comprising 48% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 15% share of total imports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +56.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (0.0% per year) and Ukraine (0.0% per year).

Import Prices by Country

The average import price for wood chips, parts, residues, pellets and other agglomerates stood at $X per cubic meter in 2021, dropping by -44.9% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Germany ($X per cubic meter), while the price for Indonesia ($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 China (+29.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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