Kenya: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Kenya

In 2022, after two years of growth, there was decline in the Kenyan market for electrical lighting or visual signaling equipment for motor vehicles and cycles, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports from Kenya

In 2022, overseas shipments of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by X% to X units, falling for the sixth year in a row after three years of growth. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports reduced modestly to $X in 2022. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Uganda (X units) was the main destination for lighting equipment for motor vehicles exports from Kenya, accounting for a X% share of total exports. Moreover, lighting equipment for motor vehicles exports to Uganda exceeded the volume sent to the second major destination, Rwanda (X units), fourfold. South Africa (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (X% per year) and South Africa (X% per year).

In value terms, the largest markets for lighting equipment for motor vehicles exported from Kenya were Rwanda ($X), Uganda ($X) and South Sudan ($X), with a combined X% share of total exports. South Africa, Tanzania and Somalia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, flattening at the previous year. In general, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, leveling off in the following year.

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports into Kenya

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles imported into Kenya reached X units, approximately reflecting 2021. In general, imports showed moderate growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles imports contracted to $X in 2022. Overall, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main lighting equipment for motor vehicles supplier to Kenya, with a X% share of total imports. It was followed by India (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical lighting or visual signaling equipment for motor vehicles and cycles to Kenya, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports.

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

Import Prices by Country

The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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