Kenya: Packaging Materials Market 2024

Packaging Materials Market Size in Kenya

In 2022, the Kenyan packaging materials market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated resilient growth 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. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Packaging Materials Exports

Exports from Kenya

In 2022, the amount of packaging materials exported from Kenya declined to X tons, with a decrease of X% compared with the previous year. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, packaging materials exports contracted significantly to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Tanzania (X tons) was the main destination for packaging materials exports from Kenya, accounting for a X% share of total exports. Moreover, packaging materials exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X tons), fourfold. The third position in this ranking was taken by Rwanda (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

In value terms, Tanzania ($X) emerged as the key foreign market for packaging materials exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Uganda ($X), with a X% share of total exports. It was followed by Rwanda, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

Export Prices by Country

The average packaging materials export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Packaging Materials Imports

Imports into Kenya

Packaging materials imports into Kenya dropped to X tons in 2022, which is down by X% on the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, packaging materials imports rose notably to $X in 2022. Overall, total imports indicated a strong expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Tanzania (X tons), Finland (X tons) and India (X tons) were the main suppliers of packaging materials imports to Kenya, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest packaging materials suppliers to Kenya were Tanzania ($X), Finland ($X) and Sweden ($X), with a combined X% share of total imports. India, China, Saudi Arabia, Russia, the United States, South Korea, Austria, Egypt, South Africa and Germany lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average packaging materials import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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