Kenya: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Kenya

After three years of growth, the Kenyan market for turbo, rotary and reciporating displacement compressors decreased by -4.5% to $X in 2022. Over the period under review, consumption, however, saw a resilient expansion. Consumption of peaked at $X in 2021, and then reduced in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Kenya

Exports of turbo, rotary and reciporating displacement compressors from Kenya shrank to X units in 2022, dropping by -12.7% against 2021. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 1,142%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of turbo, rotary and reciporating displacement compressors reduced dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 386% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Uganda (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Kenya, accounting for a 60% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Uganda exceeded the volume sent to the second major destination, Tanzania (X units), eightfold. The third position in this ranking was held by Ethiopia (X units), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Uganda totaled +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+14.8% per year) and Ethiopia (+52.2% per year).

In value terms, Uganda ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Kenya, comprising 33% of total exports. The second position in the ranking was taken by Madagascar ($X), with a 13% share of total exports. It was followed by Cote d'Ivoire, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Uganda amounted to +69.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Madagascar (+107.5% per year) and Cote d'Ivoire (+61.9% per year).

Export Prices by Country

The average export price for turbo, rotary and reciporating displacement compressors stood at $X per unit in 2022, dropping by -13.9% against the previous year. Over the period under review, the export price, however, posted temperate growth. The pace of growth appeared the most rapid in 2015 an increase of 191% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($X per unit), while the average price for exports to Ethiopia ($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 Madagascar (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Kenya

In 2022, after six years of growth, there was significant decline in purchases abroad of turbo, rotary and reciporating displacement compressors, when their volume decreased by -13.3% to X units. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 100%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors expanded remarkably to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 73%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of turbo, rotary and reciporating displacement compressor to Kenya, with a 60% share of total imports. Moreover, imports of turbo, rotary and reciporating displacement compressors from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+51.3% per year) and Germany (+16.5% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest turbo, rotary and reciporating displacement compressor suppliers to Kenya, together accounting for 56% of total imports. Belgium, India, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 21%.

India, with a CAGR of +22.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, growing by 23% against the previous year. Overall, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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