Price for Electric Motors; of an Output Not Exceeding 37.5W in Kenya - 2022
Contents:
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Kenya (CIF) - 2022
- Price for Electric Motors; of an Output Not Exceeding 37.5W in Kenya (FOB) - 2022
- Imports of Electric Motors; of an Output Not Exceeding 37.5W in Kenya
- Exports of Electric Motors; of an Output Not Exceeding 37.5W in Kenya
Price for Electric Motors; of an Output Not Exceeding 37.5W in Kenya (CIF) - 2022
The average import price for electric motors stood at $125 per unit in 2022, with an increase of 59% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 electric motors increased by +96.1% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 85% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($619 per unit), while the price for Thailand ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electric Motors; of an Output Not Exceeding 37.5W in Kenya (FOB) - 2022
In 2022, the average export price for electric motors amounted to $267 per unit, picking up by 33% against the previous year. Overall, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the average export price increased by 185%. Over the period under review, the average export prices reached the maximum at $441 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Djibouti ($965 per unit), while the average price for exports to Tanzania ($33 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 Djibouti (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; of an Output Not Exceeding 37.5W in Kenya
In 2022, the amount of electric motors imported into Kenya declined sharply to 18K units, which is down by -48.7% compared with the previous year. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 380%. As a result, imports reached the peak of 35K units, and then declined notably in the following year.
In value terms, imports of electric motors declined notably to $2.3M in 2022. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 253% against the previous year. As a result, imports attained the peak of $2.8M, and then fell notably in the following year.
| Import of Electric Motors; of an Output Not Exceeding 37.5W in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 24.4 | 390 | 167 | 758 | 214.4% |
| China | 158 | 152 | 691 | 424 | 39.0% |
| India | 166 | 29.1 | 320 | 419 | 36.2% |
| Italy | 51.2 | 11.9 | 135 | 116 | 31.3% |
| France | 27.4 | 4.6 | 597 | 50.7 | 22.8% |
| Japan | 22.4 | 14.2 | 57.7 | 43.5 | 24.8% |
| Turkey | 12.8 | 5.4 | 23.4 | 28.7 | 30.9% |
| Romania | 10.0 | 3.5 | 0.6 | 15.8 | 16.5% |
| United Arab Emirates | 9.2 | 0.3 | 21.1 | 11.8 | 8.7% |
| Thailand | 21.3 | 4.3 | 47.6 | 10.8 | -20.3% |
| Others | 299 | 170 | 713 | 391 | 9.4% |
| Total | 801 | 785 | 2,774 | 2,269 | 41.5% |
Top Suppliers of Electric Motors; of an Output Not Exceeding 37.5W to Kenya in 2022:
- China (7.8K units)
- India (2.5K units)
- Turkey (1.2K units)
- United States (1.2K units)
- Japan (1.0K units)
- Thailand (1.0K units)
- Romania (0.9K units)
- Italy (0.4K units)
- United Arab Emirates (0.4K units)
- France (0.2K units)
Exports of Electric Motors; of an Output Not Exceeding 37.5W in Kenya
In 2022, the amount of electric motors exported from Kenya surged to 658 units, picking up by 539% compared with the previous year's figure. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of electric motors surged to $176K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electric Motors; of an Output Not Exceeding 37.5W in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Djibouti | 0.1 | 0.3 | 0.1 | 78.2 | 821.3% |
| Canada | 1.5 | 9.5 | 3.1 | 21.9 | 144.4% |
| Seychelles | 0.8 | 7.7 | 1.7 | 13.6 | 157.1% |
| Rwanda | 0.7 | 1.6 | 0.2 | 8.8 | 132.5% |
| Zambia | 27.8 | 37.4 | 8.8 | 8.3 | -33.2% |
| Tanzania | 1.1 | 11.4 | 1.1 | 5.3 | 68.9% |
| Uganda | 0.9 | 3.6 | 0.2 | 4.4 | 69.7% |
| Brazil | 0.3 | 1.2 | 0.3 | 2.1 | 91.3% |
| Somalia | 1.7 | 2.9 | 0.3 | 0.6 | -29.3% |
| United States | N/A | 19.1 | N/A | N/A | 0% |
| Others | 8.3 | 30.0 | 4.9 | 32.4 | 57.5% |
| Total | 43.2 | 125 | 20.6 | 176 | 59.7% |
Top Export Markets for Electric Motors; of an Output Not Exceeding 37.5W from Kenya in 2022:
- Canada (260.0 units)
- Tanzania (161.0 units)
- Djibouti (81.0 units)
- Seychelles (34.0 units)
- Rwanda (29.0 units)
- Zambia (19.0 units)
- Brazil (15.0 units)
- Uganda (6.0 units)
- Somalia (4.0 units)
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