Kenya: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Kenya

The Kenyan industrial roundwood market contracted to $X in 2022, flattening at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Industrial roundwood consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Industrial Roundwood Production in Kenya

In value terms, industrial roundwood production dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Industrial Roundwood Exports

Exports from Kenya

In 2022, shipments abroad of industrial roundwood decreased by X% to X cubic meters, falling for the fourth consecutive year after two years of growth. In general, exports recorded a abrupt curtailment. 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 attained the peak figure at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports reduced sharply to $X in 2022. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X cubic meters) was the main destination for industrial roundwood exports from Kenya, with a X% share of total exports. Moreover, industrial roundwood exports to the United Arab Emirates exceeded the volume sent to the second major destination, Rwanda (X cubic meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and South Sudan (X% per year).

In value terms, the largest markets for industrial roundwood exported from Kenya were the United Arab Emirates ($X), Rwanda ($X) and South Sudan ($X), together accounting for X% of total exports.

Among the main countries of destination, Rwanda, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial roundwood export price stood at $X per cubic meter in 2022, declining by X% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per cubic meter), while the average price for exports to the United Arab Emirates ($X 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 Rwanda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Kenya

In 2022, overseas purchases of industrial roundwood increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, industrial roundwood imports surged to $X in 2022. Over the period under review, imports saw moderate growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Uganda (X cubic meters) was the main industrial roundwood supplier to Kenya, with a X% share of total imports. It was followed by South Sudan (X cubic meters), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Uganda amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Sudan (X% per year) and South Africa (X% per year).

In value terms, Uganda ($X) constituted the largest supplier of industrial roundwood to Kenya, comprising X% of total imports. The second position in the ranking was held by South Sudan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Uganda totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Sudan (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, surging by X% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2017 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per cubic meter), while the price for Uganda ($X 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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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