Seals; Mechanical Price in Kenya - 2021

Contents:

1. Seals; Mechanical Price in Kenya (CIF) - 2022
2. Seals; Mechanical Price in Kenya (FOB) - 2022
3. Seals; Mechanical Imports in Kenya
4. Seals; Mechanical Exports in Kenya

Seals; Mechanical Price in Kenya (CIF) - 2022

In 2022, the average seals; mechanical import price amounted to $1.2 per unit, falling by -4.4% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $2.7 per unit in 2014; however, from 2015 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 Germany ($4.4 per unit), while the price for Pakistan ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.7%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Price in Kenya (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $3.8 per unit, with an increase of 104% against the previous year. Overall, the export price enjoyed a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($13 per unit), while the average price for exports to Tanzania ($0.3 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 Democratic Republic of the Congo (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Kenya

For the fourth year in a row, Kenya recorded growth in overseas purchases of seals; mechanicals, which increased by 4.1% to 1.1M units in 2022. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, seals; mechanical imports dropped slightly to $1.3M in 2022. Over the period under review, imports, however, recorded a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 1.1% against the previous year. Imports peaked at $1.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Seals; Mechanical to Kenya in 2022:

1. China (388.1K units)
2. Taiwan (Chinese) (208.4K units)
3. Japan (93.0K units)
4. India (89.1K units)
5. Germany (76.2K units)
6. Italy (71.2K units)
7. Pakistan (59.1K units)
8. United Kingdom (11.9K units)
9. South Africa (6.2K units)

Seals; Mechanical Exports in Kenya

For the third consecutive year, Kenya recorded decline in shipments abroad of seals; mechanicals, which decreased by -35% to 8K units in 2022. Over the period under review, exports faced a significant curtailment. The smallest decline of -30.1% was in 2021. The exports peaked at 37K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, seals; mechanical exports surged to $30K in 2022. Overall, exports faced a precipitous slump. The exports peaked at $72K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Seals; Mechanical from Kenya in 2022:

1. Tanzania (2335.0 units)
2. Zambia (2297.0 units)
3. Democratic Republic of the Congo (1680.0 units)
4. Uganda (622.0 units)
5. Rwanda (405.0 units)
6. Madagascar (293.0 units)
7. Ethiopia (146.0 units)
8. South Africa (36.0 units)

Source: IndexBox Market Intelligence Platform