Kenya: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Kenya

The Kenyan concrete-mixer lorry market reduced modestly to $X in 2022, dropping by -3.3% 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). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports from Kenya

Concrete-mixer lorry exports from Kenya surged to X units in 2022, rising by 29% against the year before. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 700% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports rose remarkably to $X in 2022. Over the period under review, exports posted strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 642%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X units) was the main destination for concrete-mixer lorry exports from Kenya, with a 86% share of total exports. Moreover, concrete-mixer lorry exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda stood at +34.2%.

In value terms, Uganda ($X) emerged as the key foreign market for concrete-mixer lorries exports from Kenya, comprising 70% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uganda amounted to +25.2%.

Export Prices by Country

The average concrete-mixer lorry export price stood at $X per unit in 2022, dropping by -14.2% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2017 an increase of 45%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices 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 Uganda totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (-1.2%).

Concrete-Mixer Lorry Imports

Imports into Kenya

In 2022, supplies from abroad of concrete-mixer lorries decreased by -2.1% to X units, falling for the second year in a row after two years of growth. In general, imports, however, showed notable growth. The pace of growth was the most pronounced in 2016 when imports increased by 104% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, concrete-mixer lorry imports stood at $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 -9.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 107% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest concrete-mixer lorry supplier to Kenya, with a 38% share of total imports. Moreover, concrete-mixer lorry imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+20.6% per year) and the United States (+9.6% per year).

In value terms, China ($X) constituted the largest supplier of concrete-mixer lorries to Kenya, comprising 38% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by India, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.9% per year) and India (-2.8% per year).

Import Prices by Country

In 2022, the average concrete-mixer lorry import price amounted to $X per unit, surging by 14% against the previous year. Over the period under review, the import price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 51% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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