Kenya: Measuring Instrument Market 2022

Measuring Instrument Market Size in Kenya

The Kenyan measuring instrument market surged to $X in 2021, with an increase of 45% 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 tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +91.4% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Measuring Instrument Exports

Exports from Kenya

In 2021, measuring instrument exports from Kenya soared to X units, growing by 128% on the previous year. In general, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 364%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, measuring instrument exports amounted to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 144%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for measuring instrument exports from Kenya, accounting for a 71% share of total exports. Moreover, measuring instrument exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X units), fourfold. The third position in this ranking was held by Uganda (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Rwanda stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+10.2% per year) and Uganda (+14.2% per year).

In value terms, the largest markets for measuring instrument exported from Kenya were Uganda ($X), Tanzania ($X) and Rwanda ($X), with a combined 29% share of total exports.

In terms of the main countries of destination, Tanzania, with a CAGR of +10.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average measuring instrument export price stood at $X per unit in 2021, with a decrease of -54% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 411% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Rwanda ($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 (+23.4%), while the prices for the other major destinations experienced a decline.

Measuring Instrument Imports

Imports into Kenya

In 2021, after two years of decline, there was growth in supplies from abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume increased by 2% to X units. Overall, imports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2016 when imports increased by 33%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, measuring instrument imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of measuring instrument imports to Kenya, together comprising 87% of total imports. Japan, the United Arab Emirates, Germany, South Africa, Italy and Greece lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +18.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest measuring instrument suppliers to Kenya were India ($X), the UK ($X) and China ($X), together accounting for 20% of total imports. Germany, Japan, South Africa, Italy, the United Arab Emirates and Greece lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, Japan, with a CAGR of +28.8%, 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

In 2021, the average measuring instrument import price amounted to $X per unit, picking up by 87% against the previous year. In general, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 114% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: 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 Germany (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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