Kenya: Shaft Coupling Market 2024

Shaft Coupling Market Size in Kenya

In 2022, after two years of growth, there was significant decline in the Kenyan shaft coupling market, when its value decreased by -12.8% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Shaft coupling consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Shaft Coupling Exports

Exports from Kenya

In 2022, approx. X kg of clutches and shaft couplings were exported from Kenya; picking up by 49% on the previous year's figure. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 520%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, shaft coupling exports surged to $X in 2022. In general, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 317% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Seychelles (X kg), South Africa (X kg) and Democratic Republic of the Congo (X kg) were the main destinations of shaft coupling exports from Kenya, with a combined 62% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of +26.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from Kenya were South Africa ($X), Mauritius ($X) and Ethiopia ($X), together accounting for 53% of total exports.

Among the main countries of destination, South Africa, with a CAGR of +42.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, with a decrease of -11.7% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shaft coupling export price increased by +90.4% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into Kenya

In 2022, supplies from abroad of clutches and shaft couplings decreased by -10.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 110% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, shaft coupling imports dropped dramatically to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and India (X tons) were the main suppliers of shaft coupling imports to Kenya, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest shaft coupling suppliers to Kenya were Japan ($X), China ($X) and India ($X), together accounting for 68% of total imports.

Among the main suppliers, Japan, with a CAGR of +39.0%, 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 shaft coupling import price amounted to $X per ton, declining by -7.8% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2015 an increase of 73%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced in the following year.

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 Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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