Kenya: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Kenya

After three years of growth, the Kenyan agricultural product dryer market decreased by -13.6% to $X in 2021. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.7% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Agricultural Product Dryer Production in Kenya

In value terms, agricultural product dryer production fell to $X in 2021 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 increased by +31.2% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 101%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Agricultural Product Dryer Exports

Exports from Kenya

In 2021, overseas shipments of dryers for the treatment of agricultural products increased by 300% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 2,200% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, agricultural product dryer exports surged to $X in 2021. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by 1,007%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Uganda (X units), Madagascar (X units) and Malawi (X units) were the main destinations of agricultural product dryer exports from Kenya, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, Malawi ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Kenya, comprising 59% of total exports. The second position in the ranking was taken by Uganda ($X), with an 18% share of total exports. It was followed by Tanzania, with a 1.5% share.

From 2012 to 2021, the average annual growth rate of value to Malawi amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+21.6% per year) and Tanzania (-4.8% per year).

Export Prices by Country

In 2021, the average agricultural product dryer export price amounted to $X per unit, falling by -71.8% against the previous year. Over the period under review, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 262%. The export price peaked at $X per unit in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Malawi ($X per unit), while the average price for exports to Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+1.3%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Kenya

In 2021, imports of dryers for the treatment of agricultural products into Kenya skyrocketed to X units, picking up by 35% compared with the previous year's figure. In general, imports posted tangible growth. The pace of growth was the most pronounced in 2019 with an increase of 194%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, agricultural product dryer imports soared to $X in 2021. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 346%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, India (X units) constituted the largest agricultural product dryer supplier to Kenya, with a 43% share of total imports. Moreover, agricultural product dryer imports from India exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Belgium (+13.0% per year).

In value terms, the largest agricultural product dryer suppliers to Kenya were India ($X), Malaysia ($X) and Belgium ($X), together comprising 44% of total imports.

Belgium, with a CAGR of +172.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average agricultural product dryer import price amounted to $X per unit, growing by 16% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 124%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Malaysia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+143.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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