Kenya: Market for Conveyor Or Transmission Belts Or Belting 2024

Market Size for Conveyor Or Transmission Belts Or Belting in Kenya

After two years of decline, the Kenyan conveyor or transmission belt market increased by 28% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Conveyor or transmission belt consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Conveyor Or Transmission Belts Or Belting in Kenya

In value terms, conveyor or transmission belt production surged to $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.0% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 40%. Conveyor or transmission belt production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Kenya

In 2021, approx. X tons of conveyor or transmission belts or belting were exported from Kenya; rising by 117% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 159% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, conveyor or transmission belt exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons) was the main destination for conveyor or transmission belt exports from Kenya, accounting for a 71% share of total exports. Moreover, conveyor or transmission belt exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X kg), sevenfold. Ghana (X kg) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume to Tanzania amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+3.0% per year) and Ghana (+33.2% per year).

In value terms, Tanzania ($X) remains the key foreign market for conveyor or transmission belts or belting exports from Kenya, comprising 39% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 15% share of total exports. It was followed by Uganda, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania amounted to -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Uganda (+4.1% per year).

Export Prices by Country

The average conveyor or transmission belt export price stood at $X per ton in 2021, rising by 7.6% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2018 an increase of 163%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Ghana ($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 Switzerland (+1,556.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Kenya

In 2021, approx. X tons of conveyor or transmission belts or belting were imported into Kenya; growing by 71% against 2020 figures. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, conveyor or transmission belt imports surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of conveyor or transmission belt to Kenya, accounting for a 65% share of total imports. Moreover, conveyor or transmission belt imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.5% per year) and Taiwan (Chinese) (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of conveyor or transmission belts or belting to Kenya, comprising 47% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.5% per year) and Taiwan (Chinese) (+5.1% per year).

Import Prices by Country

The average conveyor or transmission belt import price stood at $X per ton in 2021, with a decrease of -6.8% against the previous year. Overall, the import price recorded a noticeable curtailment. The growth pace was the most rapid in 2018 an increase of 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Rwanda ($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 Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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