Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kenya - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $9,462 per ton in 2022, with an increase of 7.7% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 103%. The import price peaked at $14,769 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Germany ($21,639 per ton), while the price for the United Arab Emirates ($3,967 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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $6,800 per ton, which is down by -23.7% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $28,851 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +44.4% per year.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya
In 2022, approx. 78 tons of machinery; parts of the machinery of heading no. 8427 were imported into Kenya; declining by -7% against the year before. In general, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 84 tons, and then declined in the following year.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 amounted to $742K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 1.1%.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 96.2 | 210 | 248 | 7.8% |
| Germany | 116 | 88.8 | 51.4 | 151 | 9.2% |
| South Africa | 36.3 | 24.3 | 117 | 50.0 | 11.3% |
| Finland | 7.5 | 1.3 | 2.5 | 44.6 | 81.2% |
| Italy | 20.7 | 65.1 | 19.6 | 35.5 | 19.7% |
| Netherlands | 18.4 | 95.3 | 33.9 | 28.7 | 16.0% |
| India | 18.5 | 22.1 | 11.0 | 22.8 | 7.2% |
| Sweden | 83.4 | 46.3 | 53.1 | 20.2 | -37.7% |
| Belgium | 25.6 | 22.6 | 15.9 | 18.3 | -10.6% |
| United Kingdom | 33.6 | 31.7 | 30.4 | 11.0 | -31.1% |
| Jordan | 4.8 | N/A | N/A | N/A | 0% |
| Sri Lanka | 16.9 | 19.7 | 3.5 | N/A | -54.5% |
| Others | 174 | 219 | 193 | 113 | -13.4% |
| Total | 753 | 733 | 741 | 742 | -0.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Kenya in 2022:
- China (44.6 tons)
- Germany (7.0 tons)
- Finland (6.8 tons)
- South Africa (5.0 tons)
- Netherlands (2.4 tons)
- Italy (2.2 tons)
- Belgium (1.5 tons)
- India (1.4 tons)
- Sweden (1.2 tons)
- United Kingdom (0.7 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya
After three years of growth, shipments abroad of machinery; parts of the machinery of heading no. 8427 decreased by -99.6% to 25 kg in 2022. Over the period under review, exports saw a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 96%.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 declined significantly to $170 in 2022. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 89%.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1.1 | 2.5 | 0.5 | 0.2 | -43.3% |
| Niger | 10.8 | N/A | N/A | N/A | 0% |
| Burundi | 0.8 | 4.7 | 2.0 | N/A | 58.1% |
| Uganda | 0.6 | 3.0 | 1.1 | N/A | 35.4% |
| Rwanda | 0.5 | 1.8 | 0.3 | N/A | -22.5% |
| Sweden | 4.2 | 10.1 | 0.8 | N/A | -56.4% |
| Tunisia | N/A | N/A | 48.0 | N/A | 0% |
| Others | 4.6 | 20.7 | 10.3 | N/A | 49.6% |
| Total | 22.6 | 42.8 | 63.0 | 0.2 | -79.3% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Kenya in 2022:
- Tanzania (25.0 kg)
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