Kenya: Man-Made Filament Fabric Market 2024

Man-Made Filament Fabric Market Size in Kenya

For the sixth year in a row, the Kenyan man-made filament fabric market recorded growth in sales value, which increased by 15% to $X in 2021. Over the period under review, consumption showed a slight expansion. Man-made filament fabric consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Man-Made Filament Fabric Exports

Exports from Kenya

Man-made filament fabric exports from Kenya surged to X tons in 2021, jumping by 35% against the previous year's figure. In general, exports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2015 when exports increased by 59% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, man-made filament fabric exports soared to $X in 2021. Over the period under review, exports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 46%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Rwanda (X tons), Uganda (X tons) and Sri Lanka (X tons) were the main destinations of man-made filament fabric exports from Kenya, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +85.2%), while the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X), Uganda ($X) and Sri Lanka ($X) appeared to be the largest markets for man-made filament fabric exported from Kenya worldwide, with a combined 75% share of total exports.

Sri Lanka, with a CAGR of +63.9%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 man-made filament fabric export price amounted to $X per ton, reducing by -2% against the previous year. Overall, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Burundi ($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 Uganda (+11.2%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Fabric Imports

Imports into Kenya

In 2021, man-made filament fabric imports into Kenya reached X tons, with an increase of 11% compared with the previous year. Overall, imports recorded a modest increase. The growth pace was the most rapid in 2016 when imports increased by 62%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament fabric imports soared to $X in 2021. Over the period under review, imports enjoyed a slight expansion. The pace of growth was the most pronounced in 2016 with an increase of 47%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest man-made filament fabric supplier to Kenya, accounting for a 71% share of total imports. Moreover, man-made filament fabric imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Indonesia (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.2% per year) and Indonesia (-3.8% per year).

In value terms, China ($X) constituted the largest supplier of woven fabrics of man-made filaments and staple fibers to Kenya, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 5% share of total imports. It was followed by Indonesia, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.3% per year) and Indonesia (-13.6% per year).

Import Prices by Country

In 2021, the average man-made filament fabric import price amounted to $X per ton, picking up by 4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 South Korea ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+19.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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