Kenya: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Kenya

The Kenyan fuel or lubricating pump market rose sharply to $X in 2021, surging 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). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +112.0% against 2012 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Kenya

After two years of decline, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 104% to X units in 2021. Overall, exports showed temperate growth. The pace of growth was the most pronounced in 2015 when exports increased by 105% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 140%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Tanzania (X units) was the main destination for fuel or lubricating pump exports from Kenya, with a 86% share of total exports. It was followed by Rwanda (X units), with a 2.5% share of total exports. The third position in this ranking was held by the United States (X units), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+55.2% per year) and the United States (-24.8% per year).

In value terms, Tanzania ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Kenya, comprising 30% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Uganda, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania stood at +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.4% per year) and Uganda (+12.6% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, dropping by -14% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fuel or lubricating pump export price increased by +40.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 63%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Tanzania ($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 the United States (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Kenya

For the third consecutive year, Kenya recorded growth in purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, which increased by 11% to X units in 2021. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by 45%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 94%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of fuel or lubricating pump to Kenya, accounting for a 66% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by India (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.7% per year) and India (-6.5% per year).

In value terms, the largest fuel or lubricating pump suppliers to Kenya were China ($X), Japan ($X) and India ($X), together accounting for 44% of total imports. These countries were followed by Germany, Turkey, Brazil, the UK, Thailand and the United Arab Emirates, which together accounted for a further 19%.

Among the main suppliers, Brazil, with a CAGR of +27.0%, recorded 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

The average fuel or lubricating pump import price stood at $X per unit in 2021, rising by 8.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 66%. Over the period under review, average import prices reached the maximum 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, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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