Kenya: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Kenya

In 2022, the Kenyan market for vacuum pumps and air or gas compressors increased by 1% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption recorded a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Kenya

In 2022, overseas shipments of vacuum pumps and air or gas compressors increased by 15% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 386%. Over the period under review, the exports of reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors shrank dramatically to $X in 2022. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 204%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Uganda (X units), Zambia (X units) and Tanzania (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Kenya, with a combined 76% share of total exports. Ethiopia, Madagascar, South Sudan, Democratic Republic of the Congo, Rwanda and Cote d'Ivoire lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Madagascar (with a CAGR of +56.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uganda ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Kenya, comprising 34% of total exports. The second position in the ranking was held by Madagascar ($X), with a 9.5% share of total exports. It was followed by Ethiopia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uganda amounted to +46.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (+107.5% per year) and Ethiopia (+61.1% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, shrinking by -36.6% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 184% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Madagascar ($X per unit), while the average price for exports to Zambia ($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 Niger (+156.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Kenya

In 2022, overseas purchases of vacuum pumps and air or gas compressors decreased by -0.2% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by 270%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of vacuum pumps and air or gas compressors amounted to $X in 2022. Overall, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 68% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum pump and air or gas compressor to Kenya, with a 92% share of total imports. It was followed by India (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.9%.

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Kenya, comprising 30% of total imports. The second position in the ranking was taken by India ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +4.7%.

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, with an increase of 8.1% against the previous year. Over the period under review, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 245%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%).

Source: IndexBox Platform

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