Kenya: Market for Jute And Jute-Like Fibers 2022

Market Size for Jute And Jute-Like Fibers in Kenya

The Kenyan jute and jute-like fibers market soared to $X in 2021, rising by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Jute And Jute-Like Fibers in Kenya

In value terms, jute and jute-like fibers production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The average yield of jute and jute-like fibers in Kenya stood at less than X kg per ha in 2021, approximately reflecting the previous year. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of jute and jute-like fibers production in Kenya amounted to less than X ha, therefore, remained relatively stable against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Exports of Jute And Jute-Like Fibers

Exports from Kenya

After five years of growth, overseas shipments of jute and jute-like fibers decreased by -X% to X tons in 2021. Over the period under review, exports showed a dramatic setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, jute and jute-like fibers exports reduced rapidly to $X in 2021. In general, exports faced a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Nigeria (X tons) was the main destination for jute and jute-like fibers exports from Kenya, with a X% share of total exports. Moreover, jute and jute-like fibers exports to Nigeria exceeded the volume sent to the second major destination, Morocco (X tons), fourfold. Egypt (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Nigeria totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Egypt (+X% per year).

In value terms, Nigeria ($X) remains the key foreign market for jute and jute-like fibers exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Egypt, with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Nigeria amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and Egypt (+X% per year).

Export Prices by Country

In 2020, the average jute and jute-like fibers export price amounted to $X per ton, falling by -X% against the previous year. Over the last eight years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jute And Jute-Like Fibers

Imports into Kenya

In 2021, jute and jute-like fibers imports into Kenya shrank to X tons, which is down by -X% compared with the previous year's figure. Overall, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, jute and jute-like fibers imports skyrocketed to $X in 2021. Over the period under review, imports recorded a dramatic shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Tanzania (X tons) were the main suppliers of jute and jute-like fibers imports to Kenya, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), India ($X) and Tanzania ($X) constituted the largest jute and jute-like fibers suppliers to Kenya, with a combined X% share of total imports.

China, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average jute and jute-like fibers import price amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform