Kenya: Electric Brazing Machine Market 2024

Electric Brazing Machine Market Size in Kenya

The Kenyan electric brazing machine market contracted markedly to $X in 2022, which is down by -23.9% 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, saw moderate growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Electric Brazing Machine Exports

Exports from Kenya

In 2022, the amount of electric brazing or soldering machines and apparatus exported from Kenya declined dramatically to X units, reducing by -33.3% against the year before. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,271%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electric brazing machine exports dropped notably to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 504% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X units), Tanzania (X units) and South Africa (X units) were the main destinations of electric brazing machine exports from Kenya. Moreover, electric brazing machine exports in Rwanda exceeded the figures recorded by the second-largest exporter, Tanzania, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Rwanda ($X) remains the key foreign market for electric brazing or soldering machines and apparatus exports from Kenya, comprising 69% of total exports. The second position in the ranking was held by South Africa ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda stood at +102.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+0.2% per year) and Tanzania (+33.1% per year).

Export Prices by Country

In 2022, the average electric brazing machine export price amounted to $X per unit, picking up by 16% against the previous year. Overall, the export price recorded strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 1,359%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Tanzania ($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 South Sudan (+220.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Brazing Machine Imports

Imports into Kenya

Electric brazing machine imports into Kenya dropped sharply to X units in 2022, falling by -28.8% compared with the previous year. Overall, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of 1,524%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, electric brazing machine imports shrank significantly to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 946% 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 electric brazing machine supplier to Kenya, with a 52% share of total imports. Moreover, electric brazing machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. The third position in this ranking was taken by the UK (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +58.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-11.1% per year) and the UK (+1.5% per year).

In value terms, China ($X), South Africa ($X) and India ($X) appeared to be the largest electric brazing machine suppliers to Kenya, with a combined 60% share of total imports.

China, with a CAGR of +56.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric brazing machine import price stood at $X per unit in 2022, surging by 11% against the previous year. Overall, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 South Africa ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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