Kenya: Agricultural Self-Loading Trailer Market 2022

Agricultural Self-Loading Trailer Market Size in Kenya

The Kenyan agricultural self-loading trailer market soared to $X in 2021, picking up by 28% against the previous year. In general, consumption posted a tangible expansion. Agricultural self-loading trailer consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Agricultural Self-Loading Trailer Production in Kenya

In value terms, agricultural self-loading trailer production soared to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 82% against the previous year. Agricultural self-loading trailer production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Agricultural Self-Loading Trailer Exports

Exports from Kenya

In 2021, approx. X units of self-loading or self-unloading trailers for agricultural purposes were exported from Kenya; waning by -78.3% against the previous year's figure. In general, exports faced a sharp setback. The pace of growth was the most pronounced in 2015 with an increase of 200%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, agricultural self-loading trailer exports shrank rapidly to $X in 2021. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2015 when exports increased by 209% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X units) was the main destination for agricultural self-loading trailer exports from Kenya, with a 80% share of total exports. Moreover, agricultural self-loading trailer exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Uganda (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at -11.1%.

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for agricultural self-loading trailer exports from Kenya, comprising 61% of total exports. The second position in the ranking was held by Uganda ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo amounted to -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-17.8% per year) and Tanzania (-37.7% per year).

Export Prices by Country

In 2021, the average agricultural self-loading trailer export price amounted to $X per unit, declining by -24.2% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.9%), while the prices for the other major destinations experienced a decline.

Agricultural Self-Loading Trailer Imports

Imports into Kenya

In 2021, purchases abroad of self-loading or self-unloading trailers for agricultural purposes decreased by -76.7% to X units, falling for the third consecutive year after seven years of growth. Over the period under review, imports showed a noticeable contraction. The growth pace was the most rapid in 2013 with an increase of 170% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, agricultural self-loading trailer imports dropped remarkably to $X in 2021. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 85%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X units) constituted the largest supplier of agricultural self-loading trailer to Kenya, with a 57% share of total imports. Moreover, agricultural self-loading trailer imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Pakistan stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (0.0% per year) and the UK (-7.4% per year).

In value terms, the largest agricultural self-loading trailer suppliers to Kenya were Pakistan ($X), the UK ($X) and India ($X), with a combined 81% share of total imports.

Among the main suppliers, Pakistan, with a CAGR of +32.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average agricultural self-loading trailer import price amounted to $X per unit, shrinking by -30.4% against the previous year. Overall, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+56.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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