Kenya: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Kenya

In 2022, after two years of decline, there was significant growth in the Kenyan agricultural forestry machinery market, when its value increased by X% to $X. In general, consumption, however, continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in shipments abroad of agricultural forestry machinery (lawn or sportsground rollers), which decreased by X% to X units in 2022. In general, exports, however, enjoyed a mild increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports fell dramatically to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zambia (X units) was the main destination for agricultural forestry machinery exports from Kenya, accounting for a X% share of total exports. Moreover, agricultural forestry machinery exports to Zambia exceeded the volume sent to the second major destination, Rwanda (X units), twofold. The third position in this ranking was taken by Congo (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Congo (X% per year).

In value terms, Zambia ($X) emerged as the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Congo ($X), with a X% share of total exports. It was followed by Somalia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (X% per year) and Somalia (X% per year).

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood 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 Congo ($X per unit), while the average price for exports to South Sudan ($X 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 Nigeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Agricultural Forestry Machinery Imports

Imports into Kenya

In 2022, after two years of decline, there was significant growth in supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers), when their volume increased by X% to X units. Overall, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, agricultural forestry machinery imports soared to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and South Africa (X units) were the main suppliers of agricultural forestry machinery imports to Kenya, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest agricultural forestry machinery suppliers to Kenya were China ($X), Germany ($X) and India ($X), with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, posted a moderate increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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