Kenya: Wood Pellets Market 2022

Wood Pellets Market Size in Kenya

In 2020, the Kenyan wood pellets market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the near future.

Wood Pellets Exports

Exports from Kenya

In 2020, shipments abroad of wood pellets decreased by X% to X kg for the first time since 2017, thus ending a two-year declining trend. Overall, exports saw a dramatic setback. Over the period under review, exports reached the peak figure at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, wood pellets exports stood at $X in 2020. Over the period under review, exports faced a sharp decline. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for wood pellets exports from Kenya, with a approx. X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average wood pellets export price stood at $X per ton in 2020, remaining stable against the previous year. Overall, the export price showed a deep contraction. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2020, the rate of growth in terms of prices for Spain amounted to X% per year.

Wood Pellets Imports

Imports into Kenya

In 2020, approx. X tons of wood pellets were imported into Kenya; surging by X% against 2019. Over the period under review, imports recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, wood pellets imports soared to $X in 2020. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

In 2020, Germany (X tons) was the main wood pellets supplier to Kenya, accounting for a approx. X% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from Germany totaled +X%.

In value terms, Germany ($X) constituted the largest supplier of wood pellets to Kenya.

From 2012 to 2020, the average annual rate of growth in terms of value from Germany amounted to +X%.

Import Prices by Country

The average wood pellets import price stood at $X per ton in 2020, dropping by -X% against the previous year. Overall, the import price, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2020, the rate of growth in terms of prices for Germany amounted to +X% per year.

Source: IndexBox Platform