Kenya: Plastic Furniture Market 2024

Plastic Furniture Market Size in Kenya

The Kenyan plastic furniture market declined markedly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a slight descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plastic Furniture Production in Kenya

In value terms, plastic furniture production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Plastic furniture production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from Kenya

In 2022, exports of furniture of plastic from Kenya surged to X units, rising by X% compared with 2021 figures. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic furniture exports soared to $X in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units), South Sudan (X units) and Rwanda (X units) were the main destinations of plastic furniture exports from Kenya, together accounting for X% of total exports. Mozambique, Tanzania, Uganda and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic furniture exported from Kenya were South Sudan ($X), Rwanda ($X) and Democratic Republic of the Congo ($X), together comprising X% of total exports. Mozambique, Tanzania, Uganda and Serbia lagged somewhat behind, together comprising a further X%.

Mozambique, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The average plastic furniture export price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decrease. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Kenya

In 2022, the amount of furniture of plastic imported into Kenya dropped markedly to X units, reducing by X% compared with the previous year's figure. Overall, imports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest plastic furniture supplier to Kenya, with a X% share of total imports. Moreover, plastic furniture imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of furniture of plastic to Kenya, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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