Kenya: Market for Wood Pulp, Excluding Mechanical Wood Pulp 2024

Market Size for Wood Pulp, Excluding Mechanical Wood Pulp in Kenya

The Kenyan market for wood pulp, excluding mechanical wood pulp shrank remarkably to $X in 2022, dropping by -29.2% 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). Over the period under review, consumption, however, saw significant growth. Consumption of peaked at $X in 2021, and then contracted sharply in the following year.

Exports of Wood Pulp, Excluding Mechanical Wood Pulp

Exports from Kenya

After four years of growth, shipments abroad of wood pulp, excluding mechanical wood pulp decreased by -13% to X tons in 2022. In general, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 when exports increased by 115% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of wood pulp, excluding mechanical wood pulp shrank markedly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 104% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Tanzania (X tons) and Ireland (X tons) were the main destinations of exports of wood pulp, excluding mechanical wood pulp from Kenya.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +408.4%).

In value terms, Tanzania ($X) remains the key foreign market for wood pulp, excluding mechanical wood pulp exports from Kenya, comprising 69% of total exports. The second position in the ranking was taken by Ireland ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Tanzania totaled +15.8%.

Export Prices by Country

The average export price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, shrinking by -7% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 an increase of 23%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Ireland amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+1.4%).

Imports of Wood Pulp, Excluding Mechanical Wood Pulp

Imports into Kenya

In 2022, after four years of growth, there was significant decline in supplies from abroad of wood pulp, excluding mechanical wood pulp, when their volume decreased by -23.4% to X tons. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 209%. Over the period under review, imports of reached the maximum at X tons in 2021, and then reduced markedly in the following year.

In value terms, imports of wood pulp, excluding mechanical wood pulp contracted dramatically to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 205%. Over the period under review, imports of hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to Kenya, with a 64% share of total imports. Moreover, imports of wood pulp, excluding mechanical wood pulp from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +89.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+43.5% per year) and Sweden (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of wood pulp, excluding mechanical wood pulp to Kenya, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Sweden, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +92.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+41.9% per year) and Sweden (+24.1% per year).

Import Prices by Country

The average import price for wood pulp, excluding mechanical wood pulp stood at $X per ton in 2022, with a decrease of -9% against the previous year. Overall, the import price showed a slight descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 32%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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