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Oct 14, 2024

Kenya's Aluminium Foil Market Report 2024 - Prices, Size, Forecast, and Companies

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. In 2023, the Kenyan aluminium foil market decreased by X% to $X for the first time since 2019,

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

In 2023, the Kenyan aluminium foil market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, consumption saw a relatively flat trend pattern. Aluminium foil consumption peaked at $X in 2022, and then dropped significantly in the following year.

In 2023, aluminium foil exports from Kenya contracted rapidly to X tons, which is down by X% on 2022 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, aluminium foil exports fell to $X in 2023. Overall, exports, however, saw a modest increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then fell in the following year.

Uganda (X tons) was the main destination for aluminium foil exports from Kenya, accounting for a X% share of total exports. Moreover, aluminium foil exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X tons), twofold. China (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and China (X% per year).

In value terms, Uganda ($X) remains the key foreign market for aluminium foil exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Uganda stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Tanzania (X% per year).

In 2023, the average aluminium foil export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Rwanda ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

For the third consecutive year, Kenya recorded decline in purchases abroad of aluminium foil, which decreased by X% to X tons in 2023. Overall, imports, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, aluminium foil imports shrank notably to $X in 2023. In general, imports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then reduced notably in the following year.

China (X tons), South Africa (X tons) and India (X tons) were the main suppliers of aluminium foil imports to Kenya, together comprising X% of total imports. Italy, the UK, France and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of aluminium foil to Kenya, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Africa (X% per year).

The average aluminium foil import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then shrank in the following year.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the aluminium foil 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.

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:

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.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

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