Kenya: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Kenya

The Kenyan electric soldering iron market soared to $X in 2022, jumping by X% 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, however, saw a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Soldering Iron Exports

Exports from Kenya

Electric soldering iron exports from Kenya declined markedly to X units in 2022, waning by X% compared with the year before. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric soldering iron exports contracted slightly to $X in 2022. Overall, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Tanzania (X units) was the main destination for electric soldering iron exports from Kenya, accounting for a X% share of total exports. Moreover, electric soldering iron exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X units), threefold. The third position in this ranking was held by Rwanda (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

In value terms, Democratic Republic of the Congo ($X) remains the key foreign market for electric soldering irons and guns exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Uganda, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Democratic Republic of the Congo stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Uganda (X% per year).

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Somalia ($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 Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Soldering Iron Imports

Imports into Kenya

In 2022, imports of electric soldering irons and guns into Kenya surged to X units, increasing by X% compared with the previous year's figure. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric soldering iron imports skyrocketed to $X in 2022. Over the period under review, imports showed mild growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Israel (X units) were the main suppliers of electric soldering iron imports to Kenya, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Israel ($X) constituted the largest supplier of electric soldering irons and guns to Kenya, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average electric soldering iron import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Israel ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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