Kenya: Glass Fiber Market 2024

Glass Fiber Market Size in Kenya

In 2022, after four years of growth, there was decline in the Kenyan glass fiber market, when its value decreased by X% to $X. In general, consumption showed a buoyant increase. Glass fiber consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Glass Fiber Exports

Exports from Kenya

In 2022, overseas shipments of voiles, webs, mats and other articles of glass fibers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fiber exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons), Rwanda (X tons) and South Sudan (X tons) were the main destinations of glass fiber exports from Kenya, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Sudan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), Rwanda ($X) and South Sudan ($X) were the largest markets for glass fiber exported from Kenya worldwide, with a combined X% share of total exports.

Among the main countries of destination, South Sudan, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average glass fiber export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Rwanda ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into Kenya

In 2022, approx. X tons of voiles, webs, mats and other articles of glass fibers were imported into Kenya; with an increase of X% against the previous year's figure. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, glass fiber imports plummeted to $X in 2022. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fiber to Kenya, accounting for a X% share of total imports. Moreover, glass fiber imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Egypt (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of voiles, webs, mats and other articles of glass fibers to Kenya, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

In 2022, the average glass fiber import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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