Kenya: Starter Battery Market 2024

Starter Battery Market Size in Kenya

The Kenyan starter battery market rose significantly to $X in 2022, growing by 6.5% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Starter Battery Production in Kenya

In value terms, starter battery production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 31%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Starter Battery Exports

Exports from Kenya

In 2022, after two years of decline, there was growth in overseas shipments of lead-acid accumulators for starting piston engines, when their volume increased by 4.1% to X units. In general, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when exports increased by 57%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, starter battery exports amounted to $X in 2022. Over the period under review, total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.6% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Tanzania (X units) was the main destination for starter battery exports from Kenya, with a 46% share of total exports. Moreover, starter battery exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X units), twofold. The third position in this ranking was held by Rwanda (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+7.4% per year) and Rwanda (+6.2% per year).

In value terms, the largest markets for starter battery exported from Kenya were Tanzania ($X), Uganda ($X) and Rwanda ($X), with a combined 66% share of total exports. Malawi, South Sudan, Zimbabwe, Ethiopia and Mozambique lagged somewhat behind, together accounting for a further 24%.

Zimbabwe, with a CAGR of +71.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, surging by 8.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 53% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Zimbabwe ($X per unit), while the average price for exports to Tanzania ($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 South Sudan (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Kenya

In 2022, approx. X units of lead-acid accumulators for starting piston engines were imported into Kenya; increasing by 39% against the year before. Over the period under review, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 235%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, starter battery imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 160% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Indonesia (X units) were the main suppliers of starter battery imports to Kenya, with a combined 68% share of total imports. Tanzania, India, France, Spain, Turkey, Egypt and South Korea lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +75.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Kenya, comprising 26% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 13% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Tanzania (+55.6% per year) and India (+0.7% per year).

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, with a decrease of -12% against the previous year. Over the period under review, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, 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 France ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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