Report Update: May 1, 2024

Kenya - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights

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Cranks and Crankshafts Price in Kenya - 2021

Cranks and Crankshafts Price in Kenya (CIF) - 2022

The average cranks and crankshafts import price stood at $7,192 per ton in 2022, falling by -12.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure at $8,779 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($21,186 per ton), while the price for the United Arab Emirates ($1,960 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranks and Crankshafts Price in Kenya (FOB) - 2022

The average cranks and crankshafts export price stood at $18,335 per ton in 2022, growing by 5.7% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by 56%. Over the period under review, the average export prices attained the maximum at $19,251 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($119,810 per ton), while the average price for exports to Democratic Republic of the Congo ($254 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks and Crankshafts Imports in Kenya

Cranks and crankshafts imports into Kenya totaled 646 tons in 2022, increasing by 14% on 2021. In general, imports showed slight growth.

In value terms, cranks and crankshafts imports amounted to $4.6M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of $4.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Cranks and Crankshafts in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	771	665	824	1,709	30.4%
India	881	910	1,512	821	-2.3%
Germany	321	395	235	436	10.7%
Italy	115	188	214	274	33.6%
United Arab Emirates	240	210	56.3	233	-1.0%
Japan	544	820	890	173	-31.7%
South Africa	86.0	124	86.2	166	24.5%
Turkey	81.9	96.0	118	88.1	2.5%
Tanzania	89.9	44.6	0.7	0.7	-80.2%
Others	776	1,204	701	746	-1.3%
Total	3,904	4,657	4,638	4,648	6.0%

Top Suppliers of Cranks and Crankshafts to Kenya in 2022:

China (223.4 tons)
United Arab Emirates (119.1 tons)
India (92.3 tons)
Italy (35.9 tons)
Japan (22.7 tons)
Germany (20.6 tons)
Turkey (19.6 tons)
South Africa (18.6 tons)
Tanzania (0.1 tons)

Cranks and Crankshafts Exports in Kenya

In 2022, the amount of cranks and crankshafts exported from Kenya contracted to 5.9 tons, shrinking by -8.4% against the previous year. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 18%.

In value terms, cranks and crankshafts exports shrank slightly to $108K in 2022. In general, exports faced a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 6.7%.

Export of Cranks and Crankshafts in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Somalia	48.7	21.3	24.8	28.4	-16.5%
Ghana	37.8	16.5	19.2	22.0	-16.5%
Uganda	47.1	15.9	12.6	14.2	-32.9%
Tanzania	25.2	7.1	9.0	11.9	-22.1%
Rwanda	24.3	0.1	10.2	10.6	-24.2%
United States	7.4	2.3	1.6	2.1	-34.3%
South Africa	14.9	8.8	11.7	0.8	-62.3%
Sweden	3.5	1.1	0.8	0.7	-41.5%
Democratic Republic of the Congo	0.6	0.2	0.3	0.3	-20.6%
Switzerland	N/A	13.7	0.4	N/A	-97.1%
Myanmar	12.5	N/A	N/A	N/A	0%
Others	21.8	17.4	21.0	17.1	-7.8%
Total	244	104	111	108	-23.8%

Top Export Markets for Cranks and Crankshafts from Kenya in 2022:

Tanzania (1842.0 kg)
Democratic Republic of the Congo (1070.0 kg)
Sweden (988.0 kg)
Uganda (705.0 kg)
Rwanda (374.0 kg)
Somalia (237.0 kg)
United States (121.0 kg)
Ghana (58.0 kg)
South Africa (41.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023