Kenya: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Kenya

The Kenyan market for machines for preparing, weaving and knitting textiles soared to $X in 2021, rising by 61% 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 recorded a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Kenya

In 2021, overseas shipments of machines for preparing, weaving and knitting textiles decreased by -6% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, textile weaving and knitting machinery exports contracted modestly to $X in 2021. Over the period under review, exports, however, showed perceptible growth. The growth pace was the most rapid in 2013 when exports increased by 90%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units), Zambia (X units) and Ethiopia (X units) were the main destinations of textile weaving and knitting machinery exports from Kenya, with a combined 74% share of total exports. Rwanda, Tanzania and Uganda lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for textile weaving and knitting machinery exported from Kenya were Rwanda ($X), India ($X) and Tanzania ($X), together accounting for 86% of total exports.

Rwanda, with a CAGR of +83.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, increasing by 4.3% against the previous year. Over the period under review, the export price, however, recorded a mild decline. The pace of growth was the most pronounced in 2015 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Ethiopia ($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 Rwanda (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Kenya

In 2021, textile weaving and knitting machinery imports into Kenya skyrocketed to X units, rising by 78% on 2020. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, textile weaving and knitting machinery imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 128% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Hong Kong SAR (X units) were the main suppliers of textile weaving and knitting machinery imports to Kenya, with a combined 53% 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 Hong Kong SAR (with a CAGR of +74.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machines for preparing, weaving and knitting textiles to Kenya, comprising 27% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by South Africa, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.6% per year) and South Africa (+76.7% per year).

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, shrinking by -28% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. As a result, import price reached the peak level of $X per unit. From 2016 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 South Africa ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+16.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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