Kenya: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Kenya

The Kenyan flywheels and pulleys market soared to $X in 2021, picking up by 15% 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, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +37.6% against 2017 indices. Flywheels and pulleys consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Kenya

In 2021, the amount of flywheels and pulleys exported from Kenya declined notably to X tons, with a decrease of -44.8% against 2020 figures. Over the period under review, exports recorded a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 635%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, flywheels and pulleys exports fell significantly to $X in 2021. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 249% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports by Country

Botswana (X kg), Tanzania (X kg) and Rwanda (X kg) were the main destinations of flywheels and pulleys exports from Kenya, together comprising 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Botswana (with a CAGR of +75.4%), while the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Tanzania ($X) and Ethiopia ($X) constituted the largest markets for flywheels and pulleys exported from Kenya worldwide, with a combined 41% share of total exports. These countries were followed by Rwanda, South Africa, Zambia, Uganda, Belgium and India, which together accounted for a further 24%.

In terms of the main countries of destination, Rwanda, with a CAGR of +54.9%, recorded 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 flywheels and pulleys export price stood at $X per ton in 2021, shrinking by -12% against the previous year. In general, the export price showed a perceptible reduction. The growth pace was the most rapid in 2019 when the average export price increased by 172%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Ethiopia ($X per ton), while the average price for exports to Rwanda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Kenya

In 2021, overseas purchases of flywheels and pulleys increased by 2.9% to X tons, rising for the second consecutive year after four years of decline. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 106% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 30%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest flywheels and pulleys supplier to Kenya, with a 43% share of total imports. Moreover, flywheels and pulleys imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +25.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.5% per year) and Germany (+0.3% per year).

In value terms, the largest flywheels and pulleys suppliers to Kenya were India ($X), China ($X) and Germany ($X), together comprising 58% of total imports. Japan, Turkey, South Africa and the United States lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +37.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 flywheels and pulleys import price amounted to $X per ton, picking up by 17% against the previous year. In general, the import price, however, saw a mild setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Turkey ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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