Kenya: Market for Parts Of Harvester And Threshers 2022

Market Size for Parts Of Harvester And Threshers in Kenya

In 2021, the Kenyan market for parts of harvester and threshers decreased by -14.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a noticeable reduction. Parts of harvester and threshers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from Kenya

In 2021, the amount of parts of harvester and threshers exported from Kenya skyrocketed to X units, picking up by 2,206% on 2020 figures. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports surged to $X in 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for parts of harvester and threshers exports from Kenya, with a 95% share of total exports. Moreover, parts of harvester and threshers exports to Germany exceeded the volume sent to the second major destination, Zambia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +426.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (0.0% per year) and Rwanda (+1.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for parts of harvester and threshers exports from Kenya, comprising 99% of total exports. The second position in the ranking was taken by Zambia ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +205.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (0.0% per year) and Rwanda (-8.9% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, declining by -34% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 37% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Zambia ($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 Burundi (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Kenya

After four years of growth, purchases abroad of parts of harvester and threshers decreased by -23.6% to X units in 2021. Over the period under review, imports saw a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 95% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 122%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), France (X units) and Japan (X units) were the main suppliers of parts of harvester and threshers imports to Kenya, together comprising 62% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of parts of harvester and threshers to Kenya, comprising 48% of total imports. The second position in the ranking was held by France ($X), with a 22% share of total imports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+21.6% per year) and China (+13.1% per year).

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, growing by 92% against the previous year. In general, the import price continues to indicate moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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