Price for Machinery; Parts of Machinery of Heading No. 8422 in Kenya - 2022

Contents:

1. Price for Machinery; Parts of Machinery of Heading No. 8422 in Kenya (CIF) - 2022
2. Price for Machinery; Parts of Machinery of Heading No. 8422 in Kenya (FOB) - 2022
3. Imports of Machinery; Parts of Machinery of Heading No. 8422 in Kenya
4. Exports of Machinery; Parts of Machinery of Heading No. 8422 in Kenya

Price for Machinery; Parts of Machinery of Heading No. 8422 in Kenya (CIF) - 2022

In 2022, the average import price for machinery; parts of machinery of heading no. 8422 amounted to $67,110 per ton, shrinking by -14.6% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. As a result, import price reached the peak level of $81,362 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($228,419 per ton), while the price for China ($26,593 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machinery; Parts of Machinery of Heading No. 8422 in Kenya (FOB) - 2022

In 2022, the average export price for machinery; parts of machinery of heading no. 8422 amounted to $385,539 per ton, rising by 256% against the previous year. Over the period under review, the export price recorded a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($443,653 per ton), while the average price for exports to Rwanda ($78,116 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 Tanzania (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery; Parts of Machinery of Heading No. 8422 in Kenya

In 2022, overseas purchases of machinery; parts of machinery of heading no. 8422 decreased by -6.3% to 89 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 66%. As a result, imports attained the peak of 96 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of machinery; parts of machinery of heading no. 8422 shrank dramatically to $5.9M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year.

Top Suppliers of Machinery; Parts of Machinery of Heading No. 8422 to Kenya in 2022:

1. India (29.2 tons)
2. China (21.3 tons)
3. Germany (12.5 tons)
4. Italy (6.5 tons)
5. Taiwan (Chinese) (3.1 tons)
6. United Kingdom (2.4 tons)
7. Turkey (1.7 tons)
8. South Africa (1.0 tons)

Exports of Machinery; Parts of Machinery of Heading No. 8422 in Kenya

In 2022, exports of machinery; parts of machinery of heading no. 8422 from Kenya shrank significantly to 802 kg, which is down by -92.5% against the previous year. Over the period under review, exports recorded a dramatic downturn. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year.

In value terms, exports of machinery; parts of machinery of heading no. 8422 shrank markedly to $309K in 2022. Overall, exports showed a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, the exports attained the peak of $1.2M, and then declined markedly in the following year.

Top Export Markets for Machinery; Parts of Machinery of Heading No. 8422 from Kenya in 2022:

1. Tanzania (665.0 kg)
2. Uganda (72.0 kg)
3. Rwanda (43.0 kg)

Source: IndexBox Market Intelligence Platform