Kenya: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Kenya

In 2021, the Kenyan market for grinding, sanding and polishing machines was finally on the rise to reach $X after four years of decline. Overall, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from Kenya

In 2021, after two years of growth, there was significant decline in shipments abroad of grinding, sanding and polishing machines, when their volume decreased by -30% to X units. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 400%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports declined sharply to $X in 2021. Overall, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 176%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X units), India (X units) and Ethiopia (X units) were the main destinations of grinding, sanding and polishing machine exports from Kenya, together accounting for 86% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Kenya were India ($X), Somalia ($X) and Ethiopia ($X), together accounting for 71% of total exports.

Among the main countries of destination, Ethiopia, with a CAGR of +99.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, falling by -32.3% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 52%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per unit), while the average price for exports to Tanzania ($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 Ethiopia (+78.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Kenya

In 2021, overseas purchases of grinding, sanding and polishing machines were finally on the rise to reach X units after four years of decline. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 221% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. Overall, imports showed a measured expansion. The most prominent rate of growth was recorded in 2015 with an increase of 162%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding, sanding and polishing machine to Kenya, accounting for a 58% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Italy (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.7% per year) and Italy (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Kenya, comprising 50% of total imports. The second position in the ranking was taken by the UK ($X), with a 7.4% share of total imports. It was followed by Taiwan (Chinese), with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-10.0% per year) and Taiwan (Chinese) (-2.0% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, with a decrease of -12.8% against the previous year. In general, the import price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 190%. The import price peaked at $X per unit in 2020, and then dropped in the following year.

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 UK ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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