Kenya: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Kenya

The Kenyan geometrical quantities electronic measurer market amounted to $X in 2022, increasing by 8.9% 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). Overall, consumption saw a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Kenya

Geometrical quantities electronic measurer exports from Kenya shrank sharply to X units in 2022, reducing by -44% against 2021 figures. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 235%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports contracted notably to $X in 2022. In general, exports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 235%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units), Nigeria (X units) and Tanzania (X units) were the main destinations of geometrical quantities electronic measurer exports from Kenya, with a combined 62% share of total exports. Rwanda, Seychelles, Uganda, Ghana, Gabon and South Africa lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of +96.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Kenya were the United Arab Emirates ($X), Nigeria ($X) and Seychelles ($X), with a combined 65% share of total exports.

Seychelles, with a CAGR of +95.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, rising by 45% against the previous year. Overall, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 74% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat 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 South Africa ($X per unit), while the average price for exports to Ghana ($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 Africa (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Kenya

For the third year in a row, Kenya recorded growth in supplies from abroad of electronic instruments and machines for measuring geometrical quantities, which increased by 12% to X units in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, geometrical quantities electronic measurer imports fell to $X in 2022. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2013 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Kenya, accounting for a 82% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.4% per year) and the United States (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of electronic instruments and machines for measuring geometrical quantities to Kenya, comprising 42% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the United States, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.3% per year) and the United States (+1.0% per year).

Import Prices by Country

The average geometrical quantities electronic measurer import price stood at $X per unit in 2022, declining by -17% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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