Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya - 2022
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya (FOB) - 2022
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya (FOB) - 2022
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $32,570 per unit in 2022, growing by 21% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 130% against the previous year. As a result, the export price reached the peak level of $56,042 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($17,888 per unit), while the average price for exports to Germany ($385 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 Malawi (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya
For the third consecutive year, Kenya recorded decline in shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs, which decreased by -7.1% to 13 units in 2022. Overall, exports showed a significant decline. Over the period under review, the exports of attained the maximum at 31 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs reduced remarkably to $98K in 2022. Over the period under review, exports continue to indicate a dramatic decline. The smallest decline of -41.8% was in 2020. Over the period under review, the exports of attained the peak figure at $1.1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 156 | 113 | 28.7 | 17.9 | -51.4% |
| Malawi | 120 | 113 | 41.9 | 17.6 | -47.3% |
| Zambia | 7.5 | 13.9 | 10.0 | 15.7 | 27.9% |
| Ethiopia | 54.7 | 70.1 | 30.1 | 14.7 | -35.5% |
| Tanzania | 366 | 209 | 25.2 | 8.5 | -71.5% |
| Nigeria | 56.9 | 43.9 | 13.2 | 4.5 | -57.1% |
| United Kingdom | 2.2 | 25.0 | 2.5 | 4.3 | 25.0% |
| Burundi | N/A | N/A | N/A | 4.3 | 0% |
| Zimbabwe | 33.9 | 21.3 | 3.8 | 3.4 | -53.5% |
| South Africa | 25.3 | 22.0 | 7.9 | 3.3 | -49.3% |
| Oman | N/A | 18.7 | N/A | 2.8 | -61.3% |
| Netherlands | 3.2 | 3.1 | 1.2 | 0.5 | -46.1% |
| Germany | 3.2 | 2.8 | 1.0 | 0.4 | -50.0% |
| Others | 319 | 11.2 | 22.4 | N/A | -73.5% |
| Total | 1,147 | 667 | 188 | 97.7 | -56.0% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Kenya in 2022:
- Netherlands (1.0 units)
- South Africa (1.0 units)
- Oman (1.0 units)
- Tanzania (1.0 units)
- Malawi (1.0 units)
- United Kingdom (1.0 units)
- Ethiopia (1.0 units)
- Zimbabwe (1.0 units)
- Germany (1.0 units)
- Uganda (1.0 units)
- Burundi (1.0 units)
- Nigeria (1.0 units)
- Zambia (1.0 units)
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