Kenya: Wood Residues Market 2024

Wood Residues Market Size in Kenya

For the seventh consecutive year, the Kenyan wood residues market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Wood residues consumption peaked in 2020 and is expected to retain growth in the immediate term.

Wood Residues Production in Kenya

In value terms, wood residues production stood at $X in 2020 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Wood residues production peaked in 2020 and is likely to continue growth in years to come.

Wood Residues Exports

Exports from Kenya

After two years of decline, overseas shipments of wood residues decreased by X% to X cubic meters in 2020. Overall, exports showed a noticeable decline. The smallest decline of X% was in 2015. The exports peaked at X cubic meters in 2014; however, from 2015 to 2020, the exports remained at a lower figure.

In value terms, wood residues exports stood at $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

Mauritius (X cubic meters) was the main destination for wood residues exports from Kenya, accounting for a approx. X% share of total exports.

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

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest markets for wood residues exported from Kenya worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Belgium, 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 a decline.

Export Prices by Country

The average wood residues export price stood at $X per cubic meter in 2020, therefore, remained relatively stable against the previous year. Overall, export price indicated a resilient increase from 2012 to 2020: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wood residues export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2020 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Mauritius (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Residues Imports

Imports into Kenya

For the ninth year in a row, Kenya recorded growth in purchases abroad of wood residues, which increased by X% to X cubic meters in 2020. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2020 and are likely to continue growth in years to come.

In value terms, wood residues imports dropped slightly to $X in 2020. Over the period under review, total imports indicated mild growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by X% against 2016 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain momentum.

Imports by Country

France (X cubic meters), Austria (X cubic meters) and Germany (X cubic meters) were the main suppliers of wood residues imports to Kenya, with a combined X% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Germany ($X) appeared to be the largest wood residues suppliers to Kenya, together comprising X% of total imports. Belgium, Norway, Italy, the Netherlands, Lithuania, Canada, Poland, Finland, Estonia and New Zealand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Norway, with a CAGR of X%, 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

In 2020, the average wood residues import price amounted to $X per cubic meter, declining by X% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per cubic meter in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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