Kenya: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Kenya

The Kenyan industrial roundwood market soared to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate a precipitous shrinkage. Industrial roundwood consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Industrial Roundwood Production in Kenya

In value terms, industrial roundwood production expanded slightly to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports from Kenya

In 2023, exports of industrial roundwood from Kenya contracted markedly to X cubic meters, which is down by X% compared with 2022 figures. Overall, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2022, and then shrank sharply in the following year.

In value terms, industrial roundwood exports contracted rapidly to $X in 2023. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X cubic meters), China (X cubic meters) and the Netherlands (X cubic meters) were the main destinations of industrial roundwood exports from Kenya, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for industrial roundwood exported from Kenya were China ($X), the Netherlands ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average industrial roundwood export price amounted to $X per cubic meter, waning by X% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2013 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 cubic meter. From 2014 to 2023, the average export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Roundwood Imports

Imports into Kenya

In 2023, after three years of decline, there was significant growth in overseas purchases of industrial roundwood, when their volume increased by X% to X cubic meters. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, industrial roundwood imports surged to $X in 2023. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Uganda (X cubic meters) constituted the largest supplier of industrial roundwood to Kenya, accounting for a X% share of total imports. Moreover, industrial roundwood imports from Uganda exceeded the figures recorded by the second-largest supplier, Tanzania (X cubic meters), twofold. South Sudan (X cubic meters) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Uganda totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and South Sudan (X% per year).

In value terms, the largest industrial roundwood suppliers to Kenya were Uganda ($X), South Sudan ($X) and Tanzania ($X), together comprising X% of total imports.

South Sudan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average industrial roundwood import price amounted to $X per cubic meter, with a decrease of X% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Sudan ($X per cubic meter), while the price for the United States ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform