Kenya: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Kenya

The Kenyan transportation vehicle body market declined remarkably to $X in 2022, with a decrease of -49.7% 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, consumption, however, posted strong growth. Transportation vehicle body consumption peaked at $X in 2021, and then shrank rapidly in the following year.

Transportation Vehicle Body Exports

Exports from Kenya

In 2022, the amount of bodies for motor vehicles for the transporting people exported from Kenya dropped markedly to X units, with a decrease of -47.6% against the previous year. Over the period under review, exports, however, saw a modest expansion. The growth pace was the most rapid in 2021 when exports increased by 600%. As a result, the exports reached the peak of X units, and then contracted markedly in the following year.

In value terms, transportation vehicle body exports dropped remarkably to $X in 2022. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 134,752% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X units), Rwanda (X units) and Uganda (X units) were the main destinations of transportation vehicle body exports from Kenya.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +19.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Tanzania ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Kenya, comprising 61% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania stood at +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-13.0% per year) and Uganda (-27.9% per year).

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, falling by -2.4% against the previous year. In general, the export price faced a deep slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 50,470%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, 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 Tanzania (-10.2%), while the prices for the other major destinations experienced a decline.

Transportation Vehicle Body Imports

Imports into Kenya

In 2022, imports of bodies for motor vehicles for the transporting people into Kenya contracted dramatically to X units, with a decrease of -60.5% on the previous year. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 290%. Over the period under review, imports hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, transportation vehicle body imports rose slightly to $X in 2022. Overall, imports, however, posted notable growth. The pace of growth was the most pronounced in 2013 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X units), the United Arab Emirates (X units) and China (X units) were the main suppliers of transportation vehicle body imports to Kenya, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +68.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X), the United Arab Emirates ($X) and China ($X) were the largest transportation vehicle body suppliers to Kenya, together comprising 87% of total imports. Malaysia and Japan lagged somewhat behind, together comprising a further 5.6%.

Among the main suppliers, Malaysia, with a CAGR of +57.2%, recorded the highest rates of growth with regard to 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

In 2022, the average transportation vehicle body import price amounted to $X per unit, with an increase of 159% against the previous year. Overall, the import price, however, recorded a perceptible reduction. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 Tanzania ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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