Kenya: Glass Closure Market 2024

Glass Closure Market Size in Kenya

The Kenyan glass closure market dropped slightly to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed strong growth. Glass closure consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Glass Closure Production in Kenya

In value terms, glass closure production contracted modestly to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Glass closure production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports from Kenya

In 2022, approx. X tons of glass stoppers, lids and other closures were exported from Kenya; increasing by X% compared with the year before. In general, exports, however, faced a sharp decline. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glass closure exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) was the main destination for glass closure exports from Kenya, with a X% share of total exports. Moreover, glass closure exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X kg), twofold. The third position in this ranking was held by Sweden (X kg), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Sweden (X% per year).

In value terms, Tanzania ($X) remains the key foreign market for glass stoppers, lids and other closures exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Sweden (X% per year).

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Closure Imports

Imports into Kenya

In 2022, after two years of growth, there was significant decline in supplies from abroad of glass stoppers, lids and other closures, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, glass closure imports soared to $X in 2022. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Switzerland (X kg) were the main suppliers of glass closure imports to Kenya, with a combined X% share of total imports.

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

In value terms, Switzerland ($X) constituted the largest supplier of glass stoppers, lids and other closures to Kenya, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average glass closure import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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