Kenya: Non-Electric Pulley Tackle Market 2022

Non-Electric Pulley Tackle Market Size in Kenya

In 2021, the Kenyan non-electric pulley tackle market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Kenya

In 2021, after three years of growth, there was significant decline in overseas shipments of pulley tackle and hoists, non-powered by electric motor, when their volume decreased by -X% to X units. Overall, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-electric pulley tackle exports dropped significantly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Rwanda (X units), Uganda (X units) and Mali (X units) were the main destinations of non-electric pulley tackle exports from Kenya, with a combined X% share of total exports. Ethiopia, South Sudan and Ghana lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Ethiopia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for non-electric pulley tackle exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Ethiopia ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Uganda totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+X% per year) and Rwanda (-X% per year).

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Mali ($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 Ghana (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Kenya

In 2021, after two years of decline, there was significant growth in overseas purchases of pulley tackle and hoists, non-powered by electric motor, when their volume increased by X% to X units. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle imports soared to $X in 2021. Over the period under review, imports, however, saw pronounced growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest non-electric pulley tackle supplier to Kenya, with a X% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the UK (-X% per year).

In value terms, China ($X) constituted the largest supplier of non-electric pulley tackle to Kenya, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the UK (-X% per year).

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2021, surging by X% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform