Kenya: Market for Machine-Tools For Working Any Material By Removal Of Material 2025

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Kenya

The Kenyan machine-tool for removing material market soared to $X in 2021, increasing by 88% 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, consumption, however, showed a noticeable decline. Machine-tool for removing material consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Kenya

In 2021, approx. X units of machine-tools for working any material by removal of material were exported from Kenya; waning by -33.3% against the previous year's figure. In general, exports recorded a precipitous slump. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports reduced remarkably to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burundi (X units) was the main destination for machine-tool for removing material exports from Kenya, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burundi was relatively modest.

In value terms, Tanzania ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Kenya, comprising 13% of total exports. The second position in the ranking was taken by Burundi ($X), with a 2.2% share of total exports. It was followed by Uganda, with a 0.8% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+6.8% per year) and Uganda (+42.5% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, with a decrease of -21.9% against the previous year. Overall, export price indicated a buoyant increase from 2019 to 2021: its price increased at an average annual rate of +9.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, machine-tool for removing material export price increased by +20.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per unit, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Somalia ($X per unit) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+621.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Kenya

In 2021, the amount of machine-tools for working any material by removal of material imported into Kenya surged to X units, rising by 47% on the year before. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 175% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 174% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Kenya, with a 81% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+10.4% per year) and India (-14.9% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Kenya, comprising 31% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.5% share of total imports. It was followed by India, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.1% per year) and India (+40.7% per year).

Import Prices by Country

The average machine-tool for removing material import price stood at $X per unit in 2021, rising by 63% against the previous year. In general, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 173%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+79.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :