Kenya - Machinery for Preparing Animal Feedstuffs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKenya: Feedstuff Preparing Machinery Market 2024
Feedstuff Preparing Machinery Market Size in Kenya
The Kenyan feedstuff preparing machinery market surged to $X in 2021, growing by 52% 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, consumption saw a resilient increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.
Feedstuff Preparing Machinery Exports
Exports from Kenya
In 2021, shipments abroad of machinery for preparing animal feedstuffs decreased by 0% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 400% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, feedstuff preparing machinery exports declined to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 568%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
South Africa (X units) and Burundi (X units) were the main destinations of feedstuff preparing machinery exports from Kenya.
From 2012 to 2021, the biggest increases were recorded for Burundi (with a CAGR of 0.0%).
In value terms, Burundi ($X) emerged as the key foreign market for machinery for preparing animal feedstuffs exports from Kenya, comprising 64% of total exports. The second position in the ranking was taken by Zambia ($X), with a 23% share of total exports. It was followed by Zimbabwe, with a 6.3% share.
From 2012 to 2021, the average annual growth rate of value to Burundi stood at +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (-63.0% per year) and Zimbabwe (-37.4% per year).
Export Prices by Country
In 2021, the average feedstuff preparing machinery export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price, however, showed a measured increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 115% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per unit), while the average price for exports to South Africa ($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 Tanzania (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Feedstuff Preparing Machinery Imports
Imports into Kenya
Feedstuff preparing machinery imports into Kenya skyrocketed to X units in 2021, increasing by 48% on 2020 figures. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 296% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.
In value terms, feedstuff preparing machinery imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 138%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.
Imports by Country
India (X units), China (X units) and the UK (X units) were the main suppliers of feedstuff preparing machinery imports to Kenya, with a combined 85% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +29.6%), while imports for the other leaders experienced more modest paces of growth.
In value terms, India ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to Kenya, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 27% share of total imports. It was followed by Malaysia, with a 2.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.0% per year) and Malaysia (-9.0% per year).
Import Prices by Country
In 2021, the average feedstuff preparing machinery import price amounted to $X per unit, increasing by 3.9% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2020 when the average import price increased by 41%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.2%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the feedstuff preparing machinery 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 28308300 - Machinery for preparing animal feedstuffs
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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