Kenya: Particle Board Market 2022

Particle Board Market Size in Kenya

The Kenyan particle board market rose modestly to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Particle Board Production in Kenya

In value terms, particle board production fell to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth 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 increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Particle board production peaked at $X in 2020, and then shrank in the following year.

Particle Board Exports

Exports from Kenya

In 2021, overseas shipments of particle boards were finally on the rise to reach X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a slight increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, particle board exports soared to $X in 2021. In general, exports showed a tangible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X cubic meters), Malawi (X cubic meters) and Tanzania (X cubic meters) were the main destinations of particle board exports from Kenya, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Malawi (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for particle board exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Malawi ($X), with an X% share of total exports. It was followed by Tanzania, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uganda totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+X% per year) and Tanzania (-X% per year).

Export Prices by Country

In 2021, the average particle board export price amounted to $X per cubic meter, shrinking by -X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price 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. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter, and then declined dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uganda ($X per cubic meter), while the average price for exports to Somalia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, 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 mixed trend patterns.

Particle Board Imports

Imports into Kenya

Particle board imports into Kenya was estimated at X cubic meters in 2021, remaining relatively unchanged against 2020. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume 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. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, particle board imports amounted to $X in 2021. In general, total imports indicated a pronounced increase 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, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Africa (X cubic meters), Uganda (X cubic meters) and China (X cubic meters) were the main suppliers of particle board imports to Kenya, with a combined X% share of total imports. Turkey, Romania and India lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Romania (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of particle board to Kenya, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the average particle board import price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per cubic meter), while the price for Uganda ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform