Kenya: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Kenya

The Kenyan machine-tool for working wood market declined to $X in 2021, reducing by -11.9% 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, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Kenya

In 2021, the amount of machine-tools for working wood exported from Kenya fell dramatically to X tons, shrinking by -30.5% on 2020 figures. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 215% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 73% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Burundi (X tons) was the main destination for machine-tool for working wood exports from Kenya, accounting for a 72% share of total exports. Moreover, machine-tool for working wood exports to Burundi exceeded the volume sent to the second major destination, Sudan (X tons), threefold. Tanzania (X kg) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Burundi amounted to +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (-8.9% per year) and Tanzania (-29.3% per year).

In value terms, the largest markets for machine-tool for working wood exported from Kenya were Sudan ($X), Burundi ($X) and Tanzania ($X), together comprising 96% of total exports.

In terms of the main countries of destination, Burundi, with a CAGR of +90.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, rising by 53% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Wood

Imports into Kenya

In 2021, imports of machine-tools for working wood into Kenya contracted to X tons, waning by -10.7% compared with 2020. Overall, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, machine-tool for working wood imports contracted to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 50%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of machine-tool for working wood to Kenya, accounting for a 62% share of total imports. Moreover, machine-tool for working wood imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+21.6% per year) and India (+7.3% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working wood to Kenya, comprising 50% of total imports. The second position in the ranking was taken by Israel ($X), with a 12% share of total imports. It was followed by India, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+11.7% per year) and India (-0.6% per year).

Import Prices by Country

In 2021, the average machine-tool for working wood import price amounted to $X per ton, dropping by -2.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 India ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :