Kenya: Public Works Machinery Market 2024

Public Works Machinery Market Size in Kenya

The Kenyan public works machinery market shrank markedly to $X in 2021, which is down by -33.8% 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, posted a noticeable expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Public Works Machinery Exports

Exports from Kenya

In 2021, the amount of machinery for public works and building exported from Kenya dropped significantly to X units, which is down by -60% compared with the previous year. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 694% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, public works machinery exports declined slightly to $X in 2021. In general, exports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2016 when exports increased by 2,834% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Sudan (X units) were the main destinations of public works machinery exports from Kenya.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sudan (with a CAGR of 0.0%).

In value terms, South Africa ($X), Rwanda ($X) and Tanzania ($X) were the largest markets for public works machinery exported from Kenya worldwide, with a combined 6% share of total exports.

Rwanda, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average public works machinery export price stood at $X per unit in 2021, surging by 118% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 268%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Sudan ($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 (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

Public Works Machinery Imports

Imports into Kenya

In 2021, public works machinery imports into Kenya fell remarkably to X units, reducing by -40.5% compared with 2020. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 434% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, public works machinery imports shrank to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 243%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of public works machinery to Kenya, with a 56% share of total imports. Moreover, public works machinery imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+45.0% per year) and Belgium (+26.0% per year).

In value terms, China ($X) constituted the largest supplier of machinery for public works and building to Kenya, comprising 37% of total imports. The second position in the ranking was taken by South Africa ($X), with a 9.2% share of total imports. It was followed by Australia, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+8.0% per year) and Australia (+78.1% per year).

Import Prices by Country

In 2021, the average public works machinery import price amounted to $X per unit, with an increase of 53% against the previous year. Over the period under review, the import price, however, faced a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 95% against the previous year. Over the period under review, average import prices hit record highs 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 India ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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