Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya - 2022

Contents:

1. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya (CIF) - 2022
2. Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya (FOB) - 2022
3. Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya
4. Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya (CIF) - 2022

The average import price for cycles; parts thereof, wheel rims and spokeses stood at $2,544 per ton in December 2021, picking up by 27% against the previous month. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in August 2021 an increase of 117% against the previous month. As a result, import price attained the peak level of $4,218 per ton. From September 2021 to December 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was China ($2,609 per ton), while the price for India totaled $1,832 per ton.

From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+12.3%).

Price for Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya (FOB) - 2022

The average export price for cycles; parts thereof, wheel rims and spokeses stood at $4,632 per ton in 2022, picking up by 2.9% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cycles; parts thereof, wheel rims and spokeses increased by +26.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Sudan ($30,177 per ton), while the average price for exports to Democratic Republic of the Congo ($4,061 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 Uganda (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya

In 2022, approx. 497 tons of cycles; parts thereof, wheel rims and spokeses were imported into Kenya; waning by -49.7% compared with 2021 figures. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 987 tons, and then dropped significantly in the following year.

In value terms, imports of cycles; parts thereof, wheel rims and spokeses shrank rapidly to $787K in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 156%. As a result, imports reached the peak of $1.8M, and then fell significantly in the following year.

Top Suppliers of Cycles; Parts Thereof, Wheel Rims and Spokes to Kenya in 2022:

1. China (415.5 tons)
2. India (71.3 tons)

Exports of Cycles; Parts Thereof, Wheel Rims and Spokes in Kenya

In 2022, approx. 4.3 tons of cycles; parts thereof, wheel rims and spokeses were exported from Kenya; increasing by 67% compared with 2021 figures. In general, exports, however, continue to indicate a deep setback.

In value terms, exports of cycles; parts thereof, wheel rims and spokeses skyrocketed to $20K in 2022. Overall, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.9% against 2020 indices.

Top Export Markets for Cycles; Parts Thereof, Wheel Rims and Spokes from Kenya in 2022:

1. Democratic Republic of the Congo (4.1 tons)
2. Rwanda (0.1 tons)
3. South Sudan (0.1 tons)

Source: IndexBox Market Intelligence Platform