Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya - 2022

Contents:

1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya (CIF) - 2022
2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya (FOB) - 2022
3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya
4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya (CIF) - 2022

The average import price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $71 per unit in 2022, declining by -22.3% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 1,146%. As a result, import price attained the peak level of $456 per unit. From 2017 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 Sweden ($513 per unit), while the price for Japan ($39 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+31.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya (FOB) - 2022

In 2022, the average export price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $112 per unit, almost unchanged from the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sound recording or reproducing apparatus; turntables (record-decks)s decreased by -2.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 22%. As a result, the export price attained the peak level of $114 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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 ($133 per unit), while the average price for exports to Rwanda ($35 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya

In 2022, after two years of decline, there was significant growth in supplies from abroad of sound recording or reproducing apparatus; turntables (record-decks)s, when their volume increased by 143% to 233 units. Over the period under review, imports continue to indicate a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s surged to $17K in 2022. In general, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Kenya in 2022:

1. China (173.0 units)
2. United Kingdom (26.0 units)
3. Sweden (7.0 units)
4. United States (6.0 units)
5. Germany (6.0 units)
6. South Africa (2.0 units)
7. United Arab Emirates (2.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Kenya

For the third consecutive year, Kenya recorded decline in overseas shipments of sound recording or reproducing apparatus; turntables (record-decks)s, which decreased by 0% to 9 units in 2022. Overall, exports saw a deep contraction. The smallest decline of -10% was in 2021. The exports peaked at 13 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s stood at $1K in 2022. Over the period under review, exports continue to indicate a abrupt slump. Over the period under review, the exports of reached the peak figure at $1.2K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Kenya in 2022:

1. Tanzania (7.0 units)
2. Rwanda (1.0 units)
3. Uganda (1.0 units)

Source: IndexBox Market Intelligence Platform