Kenya - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Kenya - 2021
Contents:
- MDF Price in Kenya (CIF) - 2022
- MDF Price in Kenya (FOB) - 2022
- MDF Imports in Kenya
- MDF Exports in Kenya
MDF Price in Kenya (CIF) - 2022
In 2022, the average MDF import price amounted to $395 per cubic meter, shrinking by -5.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 14%. The import price peaked at $423 per cubic meter in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 South Africa ($587 per cubic meter), while the price for Malaysia ($314 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Kenya (FOB) - 2022
The average MDF export price stood at $673 per cubic meter in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 when the average export price increased by 32% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($1,173 per cubic meter), while the average price for exports to Burundi ($323 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
MDF Imports in Kenya
In 2022, overseas purchases of MDF were finally on the rise to reach 46K cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at 57K cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, MDF imports rose significantly to $18M in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at $22M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of MDF in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uganda | 0.6 | 0.2 | 0.4 | 7.8 | 135.1% |
China | 15.1 | 13.8 | 8.7 | 7.0 | -22.6% |
Malaysia | 1.5 | 1.1 | 0.8 | 0.5 | -30.7% |
South Africa | 1.0 | 1.6 | 2.1 | 0.4 | -26.3% |
Egypt | 0.8 | 0.6 | 0.3 | 0.3 | -27.9% |
Others | 2.6 | 2.4 | 4.0 | 2.0 | -8.4% |
Total | 21.7 | 19.7 | 16.2 | 18.0 | -6.0% |
Top Suppliers of MDF to Kenya in 2022:
- China (21.6K cubic meters)
- Uganda (18.3K cubic meters)
- Malaysia (1.7K cubic meters)
- South Africa (0.7K cubic meters)
- Egypt (0.5K cubic meters)
MDF Exports in Kenya
In 2022, approx. 280 cubic meters of MDF were exported from Kenya; which is down by -13.6% against the previous year. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. The exports peaked at 342 cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, MDF exports declined to $188K in 2022. Overall, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $218K, and then contracted in the following year.
Export of MDF in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Rwanda | 111 | 107 | 125 | 156 | 12.0% |
Uganda | 53.9 | 19.2 | 23.2 | 9.4 | -44.1% |
Burundi | 16.1 | 3.7 | 18.3 | 8.7 | -18.5% |
Democratic Republic of the Congo | 13.3 | 11.9 | 31.0 | 8.0 | -15.6% |
Tanzania | 6.6 | 3.3 | 8.4 | 4.7 | -10.7% |
Others | 7.1 | 14.4 | 12.2 | 1.4 | -41.8% |
Total | 208 | 159 | 218 | 188 | -3.3% |
Top Export Markets for MDF from Kenya in 2022:
- Rwanda (223.0 cubic meters)
- Burundi (27.0 cubic meters)
- Democratic Republic of the Congo (11.0 cubic meters)
- Uganda (8.0 cubic meters)
- Tanzania (6.0 cubic meters)
This report provides an in-depth analysis of the mdf market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 1648 - MDF/HDF
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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