Kenya: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Kenya

In 2021, the Kenyan diagnostic equipment market increased by 92% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption posted a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Diagnostic Equipment Exports

Exports from Kenya

In 2021, after two years of growth, there was significant decline in overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus, when their volume decreased by -80.1% to X units. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 286%. The exports peaked at X units in 2020, and then fell sharply in the following year.

In value terms, diagnostic equipment exports declined notably to $X in 2021. Over the period under review, exports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when exports increased by 278% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Burundi (X units) was the main destination for diagnostic equipment exports from Kenya, accounting for a 213% share of total exports. Moreover, diagnostic equipment exports to Burundi exceeded the volume sent to the second major destination, Tanzania (X units), twofold. Rwanda (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burundi stood at +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-11.3% per year) and Rwanda (-19.6% per year).

In value terms, the largest markets for diagnostic equipment exported from Kenya were Burundi ($X), France ($X) and Tanzania ($X), together accounting for 75% of total exports.

Burundi, with a CAGR of +45.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average diagnostic equipment export price amounted to $X per unit, growing by 75% against the previous year. Over the period under review, the export price enjoyed notable growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 France ($X per unit), while the average price for exports to Tanzania ($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 South Africa (+3.8%), while the prices for the other major destinations experienced a decline.

Diagnostic Equipment Imports

Imports into Kenya

In 2021, approx. X units of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus were imported into Kenya; picking up by 87% against the year before. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, diagnostic equipment imports soared to $X in 2021. Over the period under review, imports saw a prominent expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest diagnostic equipment supplier to Kenya, with a 29% share of total imports. Moreover, diagnostic equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by India (X units), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +35.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.8% per year) and India (+14.0% per year).

In value terms, the largest diagnostic equipment suppliers to Kenya were China ($X), the United States ($X) and Germany ($X), together comprising 22% of total imports. These countries were followed by France, the Netherlands, the United Arab Emirates, India, Japan, Italy, the UK and South Africa, which together accounted for a further 9%.

In terms of the main suppliers, France, with a CAGR of +25.0%, saw the highest growth rate of the value of imports, 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 diagnostic equipment import price amounted to $X per unit, shrinking by -8.6% against the previous year. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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