Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya - 2022

Contents:

  1. Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (CIF) - 2022
  2. Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (FOB) - 2022
  3. Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya
  4. Exports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya

Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (CIF) - 2022

In 2022, the average import price for knitting machines; circular, with cylinder diameter not exceeding 165mms amounted to $7,658 per unit, picking up by 9.1% against the previous year. In general, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 399%. The import price peaked at $10,798 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Italy ($15,030 per unit), while the price for Taiwan (Chinese) ($1,343 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (FOB) - 2022

The average export price for knitting machines; circular, with cylinder diameter not exceeding 165mms stood at $1,649 per unit in 2022, increasing by 101% against the previous year. In general, the export price showed pronounced growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +1.3% per year.

Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya

In 2022, approx. 54 units of knitting machines; circular, with cylinder diameter not exceeding 165mms were imported into Kenya; picking up by 46% against the previous year. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 164% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of knitting machines; circular, with cylinder diameter not exceeding 165mms soared to $414K in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 213% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China54.820.914429274.7%
Spain40.546.082.188.529.8%
ItalyN/A10.828.230.166.9%
India3.51.71.41.5-24.6%
Taiwan (Chinese)8.33.63.71.3-46.1%
OthersN/AN/AN/AN/A0%
Total10783.026041457.0%

Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm to Kenya in 2022:

  1. China (42.0 units)
  2. Spain (8.0 units)
  3. Italy (2.0 units)
  4. Taiwan (Chinese) (1.0 units)
  5. India (1.0 units)

Exports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya

In 2022, after three years of growth, there was significant decline in overseas shipments of knitting machines; circular, with cylinder diameter not exceeding 165mms, when their volume decreased by -50% to 1 units. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 100%. As a result, the exports reached the peak of 2 units, and then declined remarkably in the following year.

In value terms, exports of knitting machines; circular, with cylinder diameter not exceeding 165mms stood at $1.6K in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in Kenya (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uganda54578718.01,64944.6%
RwandaN/AN/A1,623N/A0%
OthersN/AN/AN/AN/A0%
Total5457871,6411,64944.6%

Top Export Markets for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm from Kenya in 2022:

  1. Uganda (1.0 units)

Source: IndexBox Market Intelligence Platform

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