Price for Milking Machines and Dairy Machinery in Kenya - 2021
Contents:
- Price for Milking Machines and Dairy Machinery in Kenya (CIF) - 2022
- Price for Milking Machines and Dairy Machinery in Kenya (FOB) - 2022
- Imports of Milking Machines and Dairy Machinery in Kenya
- Exports of Milking Machines and Dairy Machinery in Kenya
Price for Milking Machines and Dairy Machinery in Kenya (CIF) - 2022
The average import price for milking machines and dairy machineries stood at $4,904 per unit in 2022, stabilizing at the previous year. In general, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $5,361 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($16,240 per unit), while the price for Turkey ($1,354 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Milking Machines and Dairy Machinery in Kenya (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $2,256 per unit in 2022, surging by 22% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milking machines and dairy machinery export price decreased by -12.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $2,575 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
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 Turkey amounted to +37.4% per year.
Imports of Milking Machines and Dairy Machinery in Kenya
In 2022, overseas purchases of milking machines and dairy machineries decreased by -4.6% to 1.9K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 1.3% against the previous year. As a result, imports reached the peak of 2.1K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, milking machines and dairy machinery imports declined slightly to $9.5M in 2022. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.5%. Over the period under review, imports reached the maximum at $11M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Milking Machines and Dairy Machinery in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,272 | 1,262 | 2,064 | 2,195 | 19.9% |
| Finland | 2,344 | 1,003 | 1,634 | 1,840 | -7.8% |
| Italy | 136 | 224 | 996 | 971 | 92.6% |
| China | 679 | 410 | 845 | 437 | -13.7% |
| Sweden | 740 | 2,030 | 77.9 | 230 | -32.3% |
| Turkey | 183 | 95.7 | 178 | 136 | -9.4% |
| Greece | 677 | 121 | 166 | 134 | -41.7% |
| South Africa | 191 | 65.6 | 233 | 23.6 | -50.2% |
| Others | 4,771 | 3,872 | 3,662 | 3,503 | -9.8% |
| Total | 10,993 | 9,083 | 9,856 | 9,470 | -4.8% |
Top Suppliers of Milking Machines and Dairy Machinery to Kenya in 2022:
- India (567.0 units)
- China (270.0 units)
- Italy (146.0 units)
- Finland (113.0 units)
- Turkey (100.0 units)
- Greece (76.0 units)
- Sweden (51.0 units)
- South Africa (10.0 units)
Exports of Milking Machines and Dairy Machinery in Kenya
In 2022, approx. 30 units of milking machines and dairy machineries were exported from Kenya; almost unchanged from the previous year's figure. In general, exports recorded a pronounced slump. The smallest decline of -3.1% was in 2020. The exports peaked at 32 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, milking machines and dairy machinery exports soared to $68K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. As a result, the exports reached the peak of $80K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Milking Machines and Dairy Machinery in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 22.1 | 6.2 | 43.1 | 67.7 | 45.2% |
| Rwanda | 18.8 | 68.9 | 7.7 | N/A | -36.0% |
| Democratic Republic of the Congo | 4.4 | N/A | N/A | N/A | 0% |
| Others | 3.2 | 4.7 | 4.7 | N/A | 21.2% |
| Total | 48.4 | 79.8 | 55.6 | 67.7 | 11.8% |
Top Export Markets for Milking Machines and Dairy Machinery from Kenya in 2022:
- Tanzania (30.0 units)
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This report provides an in-depth analysis of the milking machine market in Kenya.
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