Glass Container Market Overview in Kenya
Market Overview
The Kenyan glass container market was finally on the rise to reach $
in 2019, after three years of decline. Overall, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Glass container consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
In value terms, glass container production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. Glass container production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
in 2019, after three years of decline. Overall, consumption, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Glass container consumption peaked at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.In value terms, glass container production reached $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2012 with an increase of % y-o-y. Glass container production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, consumption of bottles, jars and other containers of glass decreased by -% to units for the first time since 2016, thus ending a two-year rising trend. Overall, consumption, however, showed a prominent increase. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % year-to-year. Glass container consumption peaked at units in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
The revenue of the glass container market in Kenya expanded slightly to $ in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a strong increase. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.
% to units for the first time since 2016, thus ending a two-year rising trend. Overall, consumption, however, showed a prominent increase. The most prominent rate of growth was recorded in 2011 when the consumption volume increased by % year-to-year. Glass container consumption peaked at units in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.The revenue of the glass container market in Kenya expanded slightly to $
in 2019, picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a strong increase. The growth pace was the most rapid in 2011 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.Market Forecast
Driven by increasing demand for glass container in Kenya, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Kenya increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Kenya remains a net importer of glass container; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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