Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kenya - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8425 stood at $6,739 per ton in 2022, waning by -23.9% against the previous year. In general, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 61%. Over the period under review, average import prices attained the maximum at $10,963 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 South Africa ($27,773 per ton), while the price for Tanzania ($2,905 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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $25,832 per ton, with an increase of 19% against the previous year. In general, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2015 an increase of 208%. As a result, the export price attained the peak level of $39,682 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($170,500 per ton), while the average price for exports to Rwanda ($4,000 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 Nigeria (+64.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya
After three years of growth, overseas purchases of machinery; parts of the machinery of heading no. 8425 decreased by -79.6% to 43 tons in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 220%.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 shrank dramatically to $289K in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 250%.
Import of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 108 | 411 | 188 | 49.0 | -23.2% |
India | 13.4 | 118 | 185 | 46.1 | 51.0% |
Tanzania | 14.7 | 60.1 | 93.9 | 34.6 | 33.0% |
South Africa | 22.0 | 7.1 | 26.4 | 24.9 | 4.2% |
Italy | 54.6 | 328 | 545 | 22.3 | -25.8% |
France | 13.6 | 22.9 | 205 | 18.3 | 10.4% |
Thailand | 0.5 | 4.8 | 16.6 | 10.4 | 175.0% |
United Arab Emirates | 2.3 | 46.6 | 30.6 | 5.4 | 32.9% |
Canada | 0.2 | 1.0 | 1.9 | 3.2 | 152.0% |
Netherlands | 75.9 | 49.2 | 28.3 | 2.7 | -67.1% |
Japan | 3.9 | 12.3 | 40.6 | 1.0 | -36.5% |
Mozambique | N/A | N/A | 145 | N/A | 0% |
Others | 66.8 | 253 | 353 | 70.7 | 1.9% |
Total | 376 | 1,314 | 1,860 | 289 | -8.4% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Kenya in 2022:
- Tanzania (11.9 tons)
- China (11.9 tons)
- India (9.9 tons)
- Italy (1.9 tons)
- South Africa (0.9 tons)
- Thailand (0.9 tons)
- France (0.8 tons)
- Canada (0.7 tons)
- United Arab Emirates (0.4 tons)
- Japan (0.2 tons)
- Netherlands (0.1 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya
For the third year in a row, Kenya recorded decline in shipments abroad of machinery; parts of the machinery of heading no. 8425, which decreased by -54.7% to 125 kg in 2022. Overall, exports recorded a sharp decrease.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 dropped sharply to $3.2K in 2022. Over the period under review, exports saw a dramatic curtailment. The smallest decline of -34.8% was in 2020.
Export of Machinery; Parts of the Machinery of Heading No. 8425 in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Sudan | 1.2 | 13.4 | 1.2 | 1.2 | 0.0% |
Tanzania | 0.6 | 6.4 | 1.2 | 0.7 | 5.3% |
Ethiopia | 0.2 | 1.2 | 0.6 | 0.3 | 14.5% |
Burkina Faso | N/A | N/A | N/A | 0.3 | 0% |
Uganda | 0.9 | 0.3 | 0.1 | 0.1 | -51.9% |
Nigeria | 51.0 | 5.6 | 1.1 | N/A | -85.3% |
Somalia | 0.1 | 1.9 | 0.4 | N/A | 100.0% |
Gabon | 2.7 | N/A | N/A | N/A | 0% |
India | 2.7 | N/A | N/A | N/A | 0% |
Others | 0.3 | 9.9 | 1.5 | 0.5 | 18.6% |
Total | 59.7 | 38.9 | 6.0 | 3.2 | -62.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Kenya in 2022:
- Tanzania (52.0 kg)
- South Sudan (43.0 kg)
- Uganda (13.0 kg)
- Burkina Faso (8.0 kg)
- Ethiopia (2.0 kg)
- Somalia (1.0 kg)
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