Kenya: Hay-Making Machinery Market 2022

Hay-Making Machinery Market Size in Kenya

For the third year in a row, the Kenyan hay-making machinery market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption showed a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Hay-Making Machinery Exports

Exports from Kenya

In 2021, the amount of hay-making machinery exported from Kenya amounted to less than X units, therefore, remained relatively stable against the year before. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, hay-making machinery exports fell remarkably to $X in 2021. In general, exports continue to indicate a slight decline. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Hay-Making Machinery Imports

Imports into Kenya

In 2021, hay-making machinery imports into Kenya fell sharply to X units, with a decrease of -X% on the year before. Over the period under review, imports showed a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, hay-making machinery imports dropped rapidly to $X in 2021. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), Finland (X units) and India (X units) were the main suppliers of hay-making machinery imports to Kenya, together accounting for X% of total imports.

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

In value terms, Finland ($X), India ($X) and Italy ($X) constituted the largest hay-making machinery suppliers to Kenya, with a combined X% share of total imports.

In terms of the main suppliers, Finland, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 hay-making machinery import price stood at $X per unit in 2021, increasing by X% against the previous year. Overall, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform