Kenya: Silk Fabric Market 2024

Silk Fabric Market Size in Kenya

The Kenyan silk fabric market contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Silk Fabric Production in Kenya

In value terms, silk fabric production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Silk Fabric Exports

Exports from Kenya

In 2022, shipments abroad of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the fourth consecutive year after four years of decline. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, silk fabric exports skyrocketed to $X in 2022. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 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 silk fabric exports from Kenya, accounting for a X% share of total exports. Moreover, silk fabric exports to South Sudan exceeded the volume sent to the second major destination, Rwanda (X square meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan amounted to X%.

In value terms, Rwanda ($X) and South Sudan ($X) constituted the largest markets for silk fabric exported from Kenya worldwide.

Rwanda, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2022, declining by X% against the previous year. In general, the export price saw a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per square meter), while the average price for exports to South Sudan totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silk Fabric Imports

Imports into Kenya

In 2022, overseas purchases of woven fabrics of silk or of silk waste increased by X% to X square meters, rising for the second consecutive year after two years of decline. In general, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silk fabric imports shrank dramatically to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) was the main silk fabric supplier to Kenya, accounting for a X% share of total imports. It was followed by India (X square meters), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average silk fabric import price amounted to $X per square meter, falling by X% against the previous year. Over the period under review, the import price saw a precipitous shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2017; however, from 2018 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 India ($X per square meter), while the price for China totaled $X per square meter.

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

Source: IndexBox Platform

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