Price for Electrical Insulators of Any Material in Kenya - 2022

Contents:

1. Price for Electrical Insulators of Any Material in Kenya (CIF) - 2022
2. Price for Electrical Insulators of Any Material in Kenya (FOB) - 2022
3. Imports of Electrical Insulators of Any Material in Kenya
4. Exports of Electrical Insulators of Any Material in Kenya

Price for Electrical Insulators of Any Material in Kenya (CIF) - 2022

In 2022, the average import price for electrical insulators of any materials amounted to $0.4 per unit, reducing by -27.3% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. The import price peaked at $0.5 per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($1.9 per unit), while the price for Portugal ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Insulators of Any Material in Kenya (FOB) - 2022

The average export price for electrical insulators of any materials stood at $0.4 per unit in 2022, growing by 47% against the previous year. Over the period under review, the export price showed modest growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices hit record highs at $0.7 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Rwanda ($0.8 per unit), while the average price for exports to Tanzania ($0.1 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 South Sudan (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Insulators of Any Material in Kenya

For the third year in a row, Kenya recorded decline in supplies from abroad of electrical insulators of any materials, which decreased by -15.3% to 10M units in 2022. Over the period under review, imports showed a dramatic slump. The smallest decline of -2% was in 2021. Over the period under review, imports hit record highs at 31M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electrical insulators of any material imports contracted rapidly to $3.9M in 2022. In general, imports showed a precipitous contraction. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked at $9.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Electrical Insulators of Any Material to Kenya in 2022:

1. China (6.6M units)
2. India (3.2M units)
3. Portugal (0.3M units)
4. Spain (0.2M units)

Exports of Electrical Insulators of Any Material in Kenya

Electrical insulators of any material exports from Kenya reduced sharply to 79K units in 2022, shrinking by -17% on 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the exports hit record highs at 98K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical insulators of any material exports soared to $33K in 2022. Over the period under review, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Electrical Insulators of Any Material from Kenya in 2022:

1. South Sudan (52.5K units)
2. Rwanda (22.3K units)
3. Tanzania (3.8K units)
4. Somalia (0.5K units)

Source: IndexBox Market Intelligence Platform