Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya - 2022
Contents:
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya
- Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (CIF) - 2022
The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $3,928 per ton in 2022, dropping by -43.5% against the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 55%. As a result, import price attained the peak level of $10,080 per ton. From 2015 to 2022, the average 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 ($6,175 per ton), while the price for China ($1,595 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+54.8%), while the prices for the other major suppliers experienced a decline.
Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (FOB) - 2022
The average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $26,418 per ton in 2022, dropping by -35.3% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 128% against the previous year. Over the period under review, the average export prices hit record highs at $85,000 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($102,556 per ton), while the average price for exports to Somalia ($9,216 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 Uganda (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya
After three years of growth, overseas purchases of machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -26.8% to 75 tons in 2022. Over the period under review, imports recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 15%.
In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 contracted sharply to $294K in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year.
| Import of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 209 | 174 | 247 | 113 | -18.5% |
| China | 168 | 184 | 89.7 | 61.0 | -28.7% |
| India | 2.8 | 42.5 | 29.7 | 19.9 | 92.3% |
| Netherlands | 15.6 | 50.5 | 54.6 | 19.6 | 7.9% |
| Others | 102 | 215 | 288 | 79.6 | -7.9% |
| Total | 497 | 666 | 709 | 294 | -16.1% |
Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Kenya in 2022:
- China (38.3 tons)
- Italy (18.3 tons)
- India (8.1 tons)
- Netherlands (7.1 tons)
Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya
For the fourth consecutive year, Kenya recorded growth in overseas shipments of machine-tools; parts and accessories, for the machines of heading no. 8464, which increased by 219% to 67 kg in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 surged to $1.8K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 64.0 | 44.0 | 18.0 | 923 | 143.4% |
| Somalia | 9.0 | 7.0 | 7.0 | 470 | 273.8% |
| Tanzania | 31.0 | 29.0 | 8.0 | 276 | 107.3% |
| South Sudan | 106 | 514 | 283 | 101 | -1.6% |
| Tunisia | N/A | N/A | 284 | N/A | 0% |
| Others | 205 | 1.0 | 257 | N/A | 12.0% |
| Total | 415 | 595 | 857 | 1,770 | 62.2% |
Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Kenya in 2022:
- Somalia (51.0 kg)
- Uganda (9.0 kg)
- Tanzania (6.0 kg)
- South Sudan (1.0 kg)
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