Kenya: Loading Machinery Market 2024

Loading Machinery Market Size in Kenya

The Kenyan loading machinery market reduced sharply to $X in 2022, which is down by X% against 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). Overall, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Loading Machinery Exports

Exports from Kenya

In 2022, after two years of decline, there was significant growth in overseas shipments of lifting, handling, loading or unloading machinery, when their volume increased by X% to X units. Over the period under review, exports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, loading machinery exports declined modestly to $X in 2022. Overall, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Somalia (X units) was the main destination for loading machinery exports from Kenya, with a X% share of total exports. Moreover, loading machinery exports to Somalia exceeded the volume sent to the second major destination, Rwanda (X units), fourfold. Tanzania (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Somalia ($X) emerged as the key foreign market for lifting, handling, loading or unloading machinery exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with an X% share of total exports. It was followed by Tanzania, with a X% share.

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

Export Prices by Country

The average loading machinery export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained 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 Somalia ($X per unit), while the average price for exports to South Sudan ($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 Somalia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Loading Machinery Imports

Imports into Kenya

In 2022, the amount of lifting, handling, loading or unloading machinery imported into Kenya fell remarkably to X units, with a decrease of X% compared with the previous year's figure. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced markedly in the following year.

In value terms, loading machinery imports reduced rapidly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest loading machinery supplier to Kenya, accounting for a X% share of total imports. Moreover, loading machinery imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

In value terms, the largest loading machinery suppliers to Kenya were France ($X), Poland ($X) and China ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average loading machinery import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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