Kenya: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Kenya

The Kenyan market for reel fed offset printing machinery fell markedly to $X in 2022, with a decrease of 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). Over the period under review, consumption continues to indicate a deep downturn. Reel fed offset printing machinery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports from Kenya

For the fourth year in a row, Kenya recorded decline in overseas shipments of reel fed offset printing machinery, which decreased by X% to X units in 2022. Overall, exports continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, reel fed offset printing machinery exports shrank to $X in 2022. In general, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Uganda (X units), Somalia (X units) and Rwanda (X units) were the main destinations of reel fed offset printing machinery exports from Kenya, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Uganda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Somalia ($X) remains the key foreign market for reel fed offset printing machinery exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Burundi ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

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

Export Prices by Country

The average export price for reel fed offset printing machinery stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Reel Fed Offset Printing Machinery

Imports into Kenya

In 2022, imports of reel fed offset printing machinery into Kenya reduced notably to X units, shrinking by X% compared with the previous year's figure. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, reel fed offset printing machinery imports dropped to $X in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest reel fed offset printing machinery supplier to Kenya, with a X% share of total imports. Moreover, reel fed offset printing machinery imports from India exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. China (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 India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of reel fed offset printing machinery to Kenya, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for reel fed offset printing machinery amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price saw notable growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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