Parachute Market in Kenya
In value terms, parachute production fell to $ in estimated in export price. Over the period under review, production, however, posted perceptible growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by %. Over the period under review, production attained the maximum level at $ in 2016; however, from 2017 to , production failed to regain momentum.
The revenue of the parachute market in Kenya declined to $ in , dropping 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). Over the period under review, the total consumption indicated perceptible growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2016 indices. Parachute consumption peaked at $ in 2016; however, from 2017 to , consumption failed to regain momentum.