Kenya: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Kenya

In 2022, the Kenyan market for wood pellets and other agglomerates increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a remarkable increase. Wood pellets and other agglomerates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Wood Pellets And Other Agglomerates in Kenya

In value terms, wood pellets and other agglomerates production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports from Kenya

In 2022, the amount of wood pellets and other agglomerates exported from Kenya dropped sharply to X tons, waning by X% on the year before. Over the period under review, exports showed a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wood pellets and other agglomerates exports reduced notably to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Uganda (X tons) was the main destination for wood pellets and other agglomerates exports from Kenya, accounting for a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Uganda amounted to X%.

In value terms, Uganda ($X) emerged as the key foreign market for wood pellets and other agglomerates exports from Kenya.

From 2015 to 2022, the average annual growth rate of value to Uganda stood at X%.

Export Prices by Country

The average export price for wood pellets and other agglomerates stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2015 to 2022, the rate of growth in terms of prices for Uganda amounted to X% per year.

Imports of Wood Pellets And Other Agglomerates

Imports into Kenya

In 2022, purchases abroad of wood pellets and other agglomerates increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wood pellets and other agglomerates imports shrank to $X in 2022. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Rwanda (X tons) constituted the largest wood pellets and other agglomerates supplier to Kenya, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from Rwanda exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Rwanda totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Rwanda ($X) constituted the largest supplier of wood pellets and other agglomerates to Kenya, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Rwanda amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the average import price for wood pellets and other agglomerates amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Rwanda ($X per ton) and Indonesia ($X per ton), while the price for Zambia ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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