Report Update Nov 1, 2024

Kenya - Lifting Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Lifting Equipment Market 2024

Lifting Equipment Market Size in Kenya

In 2021, the Kenyan lifting equipment market increased by 1% to $X, rising for the fifth consecutive year after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; afterwards, it flattened through to 2021.

Lifting Equipment Production in Kenya

In value terms, lifting equipment production fell modestly to $X in 2021 estimated in export price. In general, production, however, saw a mild setback. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lifting Equipment Exports

Exports from Kenya

In 2021, overseas shipments of lifting equipment decreased by -33.3% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 200%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lifting equipment exports soared to $X in 2021. In general, exports, however, enjoyed a mild expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 4,770% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Mozambique (X units) was the main destination for lifting equipment exports from Kenya, with a 75% share of total exports. Moreover, lifting equipment exports to Mozambique exceeded the volume sent to the second major destination, Uganda (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique stood at -7.4%.

In value terms, Mozambique ($X) remains the key foreign market for lifting equipment exports from Kenya, comprising 97% of total exports. The second position in the ranking was held by Uganda ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Mozambique totaled +18.1%.

Export Prices by Country

In 2021, the average lifting equipment export price amounted to $X per unit, increasing by 104% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 1,739%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mozambique ($X per unit), while the average price for exports to Uganda totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+30.4%).

Lifting Equipment Imports

Imports into Kenya

In 2021, lifting equipment imports into Kenya soared to X units, picking up by 119% against the previous year's figure. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 772%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, lifting equipment imports soared to $X in 2021. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,202%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X units), China (X units) and Italy (X units) were the main suppliers of lifting equipment imports to Kenya, with a combined 86% share of total imports. Turkey, Malaysia, Ireland, South Africa and the United States lagged somewhat behind, together accounting for a further 8.4%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +49.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lifting equipment suppliers to Kenya were Italy ($X), Poland ($X) and China ($X), with a combined 73% share of total imports. These countries were followed by Malaysia, Turkey, Ireland, the United States and South Africa, which together accounted for a further 11%.

In terms of the main suppliers, Turkey, with a CAGR of +97.8%, saw 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 lifting equipment import price amounted to $X per unit, rising by 65% against the previous year. Over the period under review, the import price saw a modest expansion. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Africa ($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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment in the world?

The countries with the highest volumes of lifting equipment consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Italy, Japan, Germany, Brazil, Russia, Pakistan, Bangladesh, Indonesia, France and Ethiopia, which together accounted for a further 33%.

What are the largest producers of lifting equipment in the world?

The country with the largest volume of lifting equipment production was China, accounting for 21% of total volume. Moreover, lifting equipment production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of lifting equipment to Kenya?

In value terms, Italy, China and Pakistan appeared to be the largest lifting equipment suppliers to Kenya, together comprising 82% of total imports.

What are the leading importers of lifting equipment from Kenya?

In value terms, Mozambique remains the key foreign market for lifting equipment exports from Kenya, comprising 96% of total exports. The second position in the ranking was occupied by Uganda, with a 4% share of total exports.

What is the average export price for lifting equipment in Kenya?

In 2020, the average lifting equipment export price amounted to $5,693 per unit, falling by -42.5% against the previous year.

What is the average import price for lifting equipment in Kenya?

In 2020, the average lifting equipment import price amounted to $3,234 per unit, with a decrease of -42.3% against the previous year.

This report provides an in-depth analysis of the lifting equipment market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221470 - Lifting equipment (excluding overhead travelling cranes, t ower, transporter, gantry, portal, bridge or pedestal jib cranes, mobile lifting frames or straddle carriers, selfpropelled machinery)

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023