Kenya: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Kenya

The Kenyan transportation vehicle body market contracted modestly to $X in 2022, reducing by X% against the previous year. In general, consumption, however, saw a remarkable increase. Transportation vehicle body consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Kenya

In value terms, transportation vehicle body production declined slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Transportation vehicle body production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Kenya

In 2022, overseas shipments of bodies for motor vehicles for the transporting people decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, transportation vehicle body exports amounted to $X in 2022. Overall, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X units), Tanzania (X units) and Rwanda (X units) were the main destinations of transportation vehicle body exports from Kenya.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of X%), while the other leaders experienced a decline.

From 2013 to 2022, the average annual growth rate of value to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and Uganda (X% per year).

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, remaining stable against the previous year. In general, the export price faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 a decrease of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%), while the prices for the other major destinations experienced a decline.

Transportation Vehicle Body Imports

Imports into Kenya

In 2022, approx. X units of bodies for motor vehicles for the transporting people were imported into Kenya; picking up by X% against the year before. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, transportation vehicle body imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Japan (X units) was the main supplier of transportation vehicle body to Kenya, accounting for a X% share of total imports. Moreover, transportation vehicle body imports from Japan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Tanzania (X% per year).

In value terms, Japan ($X), Tanzania ($X) and the United Arab Emirates ($X) appeared to be the largest transportation vehicle body suppliers to Kenya, with a combined X% share of total imports.

In terms of the main suppliers, Japan, 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 mixed trend patterns.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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