Kenya: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in Kenya

The Kenyan non-self-propelled fork-lift truck market surged to $X in 2022, growing by 36% 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). In general, consumption recorded strong growth. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Self-Propelled Fork-Lift Truck Exports

Exports from Kenya

For the third year in a row, Kenya recorded decline in overseas shipments of non-self-propelled fork-lift trucks, which decreased by -7.7% to X units in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 440% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports reached $X in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,240% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X units) was the main destination for non-self-propelled fork-lift truck exports from Kenya, accounting for a 42% share of total exports. Moreover, non-self-propelled fork-lift truck exports to Rwanda exceeded the volume sent to the second major destination, Uganda (X units), threefold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda totaled +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+14.9% per year) and Democratic Republic of the Congo (+11.6% per year).

In value terms, Rwanda ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from Kenya, comprising 54% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 17% share of total exports. It was followed by Uganda, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at +130.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+22.8% per year) and Uganda (+105.1% per year).

Export Prices by Country

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, rising by 9.4% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 148% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Burundi ($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 Mozambique (+1,450.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into Kenya

Non-self-propelled fork-lift truck imports into Kenya surged to X units in 2022, growing by 32% on the year before. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 376%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-self-propelled fork-lift truck imports surged to $X in 2022. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 274%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X units), China (X units) and Finland (X units) were the main suppliers of non-self-propelled fork-lift truck imports to Kenya, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Singapore ($X) and China ($X) appeared to be the largest non-self-propelled fork-lift truck suppliers to Kenya, together accounting for 76% of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +87.3%, recorded the highest rates of growth with regard to 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

The average non-self-propelled fork-lift truck import price stood at $X per unit in 2022, growing by 5.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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