Kenya: Concrete Mixer Market 2024

Concrete Mixer Market Size in Kenya

The Kenyan concrete mixer market was estimated at $X in 2021, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Concrete Mixer Exports

Exports from Kenya

In 2021, approx. X units of concrete or mortar mixers were exported from Kenya; increasing by 13% on 2020 figures. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,183%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, concrete mixer exports declined significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2015 when exports increased by 306% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Sudan (X units), Rwanda (X units) and Somalia (X units) were the main destinations of concrete mixer exports from Kenya, together accounting for 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Sudan (with a CAGR of +58.7%), while the other leaders experienced more modest paces of growth.

In value terms, Rwanda ($X) emerged as the key foreign market for concrete or mortar mixers exports from Kenya, comprising 47% of total exports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total exports. It was followed by Tanzania, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Rwanda amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-21.8% per year) and Tanzania (+14.0% per year).

Export Prices by Country

In 2021, the average concrete mixer export price amounted to $X per unit, dropping by -63.6% against the previous year. Overall, the export price showed a precipitous descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 201% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tanzania ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+238.5%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Mixer Imports

Imports into Kenya

In 2021, purchases abroad of concrete or mortar mixers increased by 7.8% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports saw a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 106%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, concrete mixer imports declined to $X in 2021. In general, imports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2014 when imports increased by 149% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Switzerland (X units) and Lebanon (X units) were the main suppliers of concrete mixer imports to Kenya, with a combined 56% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +131.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Kenya, comprising 43% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by Portugal, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-2.6% per year) and Portugal (+25.7% per year).

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, declining by -12% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 21%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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