Kenya: Tufted Carpet Market 2024

Tufted Carpet Market Size in Kenya

The Kenyan tufted carpet market fell notably to $X in 2022, waning by -33.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Tufted Carpet Exports

Exports from Kenya

In 2022, after two years of decline, there was significant growth in overseas shipments of tufted carpets and other tufted textile floor coverings, when their volume increased by 96% to X square meters. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 594%. As a result, the exports attained the peak of X square meters. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, tufted carpet exports skyrocketed to $X in 2022. In general, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 390%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Sudan (X square meters) was the main destination for tufted carpet exports from Kenya, with a 53% share of total exports. Moreover, tufted carpet exports to South Sudan exceeded the volume sent to the second major destination, Rwanda (X square meters), threefold. The third position in this ranking was taken by Ghana (X square meters), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan stood at +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+9.0% per year) and Ghana (+32.1% per year).

In value terms, South Sudan ($X) remains the key foreign market for tufted carpets and other tufted textile floor coverings exports from Kenya, comprising 50% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 15% share of total exports. It was followed by Somalia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Sudan totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+11.7% per year) and Somalia (+11.2% per year).

Export Prices by Country

The average tufted carpet export price stood at $X per square meter in 2022, with a decrease of -26% against the previous year. In general, the export price showed a slight reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2021, and then dropped markedly in the following year.

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 Somalia ($X per square meter), while the average price for exports to India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+929.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tufted Carpet Imports

Imports into Kenya

In 2022, the amount of tufted carpets and other tufted textile floor coverings imported into Kenya contracted markedly to X square meters, waning by -34.5% on 2021 figures. Over the period under review, imports, however, posted resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 194% against the previous year. As a result, imports reached the peak of X square meters, and then declined remarkably in the following year.

In value terms, tufted carpet imports shrank rapidly to $X in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 180% against the previous year. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

China (X square meters), the United Arab Emirates (X square meters) and Turkey (X square meters) were the main suppliers of tufted carpet imports to Kenya, together accounting for 56% of total imports. Egypt, Indonesia, India, Mexico, the United States and Thailand lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Turkey ($X) constituted the largest tufted carpet suppliers to Kenya, with a combined 44% share of total imports. Egypt, Indonesia, Thailand, the United States, India and Mexico lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Indonesia, with a CAGR of +34.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tufted carpet import price stood at $X per square meter in 2022, with an increase of 3.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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