Price for Wood; Posts and Beams in Kenya - 2022

Contents:

1. Price for Wood; Posts and Beams in Kenya (CIF) - 2022
2. Price for Wood; Posts and Beams in Kenya (FOB) - 2022
3. Imports of Wood; Posts and Beams in Kenya
4. Exports of Wood; Posts and Beams in Kenya

Price for Wood; Posts and Beams in Kenya (CIF) - 2022

The average wood; posts and beams import price stood at $1,799 per ton in 2022, which is down by -6.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 112%. As a result, import price reached the peak level of $3,218 per ton. From 2017 to 2022, the average import prices remained 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 Italy ($3,562 per ton), while the price for Sweden ($103 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wood; Posts and Beams in Kenya (FOB) - 2022

In 2022, the average wood; posts and beams export price amounted to $910 per ton, reducing by -1.8% against the previous year. In general, the export price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 148% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,663 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($2,362 per ton), while the average price for exports to Tanzania ($743 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 (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Wood; Posts and Beams in Kenya

In 2022, approx. 17 tons of wood; posts and beamses were imported into Kenya; waning by -34.3% on the previous year. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 220%.

In value terms, wood; posts and beams imports reduced rapidly to $30K in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 339%. As a result, imports reached the peak of $49K, and then reduced notably in the following year.

Top Suppliers of Wood; Posts and Beams to Kenya in 2022:

1. Turkey (8.6 tons)
2. South Africa (3.3 tons)
3. Italy (2.8 tons)
4. China (0.9 tons)
5. Uganda (0.6 tons)
6. Sweden (0.3 tons)

Exports of Wood; Posts and Beams in Kenya

In 2022, approx. 15 tons of wood; posts and beamses were exported from Kenya; jumping by 348% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 665% against the previous year. As a result, the exports reached the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, wood; posts and beams exports surged to $13K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 373% against the previous year. As a result, the exports attained the peak of $24K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Wood; Posts and Beams from Kenya in 2022:

1. Tanzania (10.7 tons)
2. India (2.8 tons)
3. Rwanda (0.8 tons)
4. Ethiopia (0.5 tons)

Source: IndexBox Market Intelligence Platform