Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya - 2022

Contents:

  1. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (CIF) - 2022
  2. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (FOB) - 2022
  3. Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya
  4. Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (CIF) - 2022

In 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $3.1 per unit, growing by 14% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for clocks; wall clocks, battery, accumulator or mains powereds increased by +113.8% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 47% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2.8 per unit), while the price for India amounted to $2.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (FOB) - 2022

In 2022, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $8 per unit, surging by 18% against the previous year. In general, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($21 per unit), while the average price for exports to Rwanda ($7.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya

In 2022, imports of clocks; wall clocks, battery, accumulator or mains powereds into Kenya shrank markedly to 17K units, waning by -95.5% compared with 2021. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 59%. Over the period under review, imports of hit record highs at 557K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds contracted markedly to $55K in 2022. In general, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 62%. Over the period under review, imports of reached the maximum at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,1246401,04944.3-66.0%
India14.41.10.83.2-39.4%
France149N/A8.4N/A-76.3%
Others26.719.311.37.1-35.7%
Total1,3156601,06954.7-65.4%

Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Kenya in 2022:

  1. China (15.7K units)
  2. India (1.2K units)

Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya

In 2022, overseas shipments of clocks; wall clocks, battery, accumulator or mains powereds were finally on the rise to reach 53 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep contraction. Over the period under review, the exports of hit record highs at 91 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds surged to $426 in 2022. In general, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Kenya (USD)
COUNTRY2019202020212022CAGR,
2019-2022
RwandaN/AN/A15.03612306.7%
South SudanN/AN/AN/A34.00%
ArgentinaN/AN/AN/A21.00%
South AfricaN/AN/AN/A10.00%
Democratic Republic of the CongoN/AN/A128N/A0%
OmanN/A261N/AN/A0%
Angola353N/AN/AN/A0%
OthersN/A1.0N/AN/A0%
Total3532621434266.5%

Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Kenya in 2022:

  1. Rwanda (47.0 units)
  2. South Sudan (4.0 units)
  3. Argentina (1.0 units)
  4. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform

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