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Kenya - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights
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Glass Fibre Filament Market Size in Kenya
For the seventh consecutive year, the Kenyan glass fibre filament market recorded growth in sales value, which increased by 47% to $X in 2021. Over the period under review, consumption recorded significant growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.
Glass Fibre Filament Exports
Exports from Kenya
In 2021, after three years of growth, there was significant decline in overseas shipments of glass fibre filaments, when their volume decreased by -75.6% to X kg. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 454%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.
In value terms, glass fibre filament exports shrank significantly to $X in 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 when exports increased by 151% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
Qatar (X kg) was the main destination for glass fibre filament exports from Kenya, with a 93% share of total exports. Moreover, glass fibre filament exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Qatar amounted to -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Uganda (-36.5% per year).
In value terms, Qatar ($X), Saudi Arabia ($X) and Uganda ($X) constituted the largest markets for glass fibre filament exported from Kenya worldwide.
In terms of the main countries of destination, Saudi Arabia, with a CAGR of 0.0%, recorded 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 glass fibre filament export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 104% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+15.1%), while the prices for the other major destinations experienced a decline.
Glass Fibre Filament Imports
Imports into Kenya
In 2021, glass fibre filament imports into Kenya surged to X tons, with an increase of 17% compared with the previous year. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,150% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.
In value terms, glass fibre filament imports soared to $X in 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 667% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.
Imports by Country
In 2021, Hong Kong SAR (X tons) constituted the largest supplier of glass fibre filament to Kenya, accounting for a 51% share of total imports. Moreover, glass fibre filament imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold. The third position in this ranking was held by China (X tons), with an 18% share.
From 2012 to 2021, the average annual growth rate of volume from Hong Kong SAR stood at +69.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+94.3% per year) and China (+125.0% per year).
In value terms, Hong Kong SAR ($X) constituted the largest supplier of glass fibre filaments to Kenya, comprising 45% of total imports. The second position in the ranking was held by South Africa ($X), with a 22% share of total imports. It was followed by China, with a 19% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Hong Kong SAR amounted to +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+70.4% per year) and China (+111.5% per year).
Import Prices by Country
The average glass fibre filament import price stood at $X per ton in 2021, growing by 67% against the previous year. In general, the import price, however, showed a deep contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from South Africa ($X per ton) and the United Arab Emirates ($X per ton), while the price for Hong Kong SAR ($X per ton) and China ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.9%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the glass fibre filament market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141130 - Glass fibre filaments (including rovings)
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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