Kenya: Spark Plug Market 2024

Spark Plug Market Size in Kenya

In 2022, the Kenyan spark plug market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate slight growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Spark Plug Exports

Exports from Kenya

In 2022, the amount of sparking plugs exported from Kenya contracted notably to X units, dropping by X% compared with 2021. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, spark plug exports fell markedly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for spark plug exports from Kenya, with a X% share of total exports. Moreover, spark plug exports to Rwanda exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), more than tenfold. The third position in this ranking was taken by Tanzania (X units), with a X% share.

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

In value terms, Rwanda ($X) emerged as the key foreign market for sparking plugs exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Tanzania, with a X% share.

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

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price saw a prominent increase. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

Spark Plug Imports

Imports into Kenya

In 2022, supplies from abroad of sparking plugs decreased by X% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, spark plug imports fell modestly to $X in 2022. Overall, imports, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spark plug to Kenya, accounting for a X% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Germany (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the largest spark plug suppliers to Kenya were Japan ($X), China ($X) and South Africa ($X), together accounting for X% of total imports. Germany, India and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of 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 spark plug import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform