Kenya: Band Saw Blade Market 2024

Band Saw Blade Market Size in Kenya

The Kenyan band saw blade market soared to $X in 2021, with an increase of 17% 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, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.3% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Band Saw Blade Exports

Exports from Kenya

Band saw blade exports from Kenya surged to X kg in 2021, picking up by 4,150% on 2020 figures. In general, exports recorded significant growth. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, band saw blade exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Democratic Republic of the Congo (X kg) was the main destination for band saw blade exports from Kenya, with a 89% share of total exports. Moreover, band saw blade exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Tanzania (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Democratic Republic of the Congo stood at +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+29.2% per year) and Ethiopia (0.0% per year).

In value terms, Ethiopia ($X) remains the key foreign market for band saw blades exports from Kenya, comprising 71% of total exports. The second position in the ranking was held by Tanzania ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia amounted to +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+43.6% per year) and Democratic Republic of the Congo (+3.2% per year).

Export Prices by Country

In 2021, the average band saw blade export price amounted to $X per ton, which is down by -22.8% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 70%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+14.0%), while the prices for the other major destinations experienced a decline.

Band Saw Blade Imports

Imports into Kenya

For the third year in a row, Kenya recorded growth in supplies from abroad of band saw blades, which increased by 2.6% to X tons in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 99% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, band saw blade imports skyrocketed to $X in 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.8% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 71%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), the UK (X tons) and China (X tons) were the main suppliers of band saw blade imports to Kenya, with a combined 54% share of total imports. These countries were followed by the United Arab Emirates, India, Italy and South Africa, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Poland ($X) and India ($X) appeared to be the largest band saw blade suppliers to Kenya, with a combined 44% share of total imports. Italy, South Africa, the United Arab Emirates and China lagged somewhat behind, together comprising a further 14%.

In terms of the main suppliers, Italy, with a CAGR of +48.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average band saw blade import price stood at $X per ton in 2021, with an increase of 33% against the previous year. In general, the import price, however, saw a pronounced contraction. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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