Kenya: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Kenya

In 2022, the Kenyan milling industry machinery market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a prominent increase. Milling industry machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Milling Industry Machinery Exports

Exports from Kenya

In 2022, milling industry machinery exports from Kenya skyrocketed to X units, with an increase of X% against the previous year. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, milling industry machinery exports reduced markedly to $X in 2022. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Sudan (X units) was the main destination for milling industry machinery exports from Kenya, accounting for a X% share of total exports. Moreover, milling industry machinery exports to South Sudan exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), more than tenfold. Malawi (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Malawi (X% per year).

In value terms, South Sudan ($X) remains the key foreign market for milling industry machinery exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Burundi ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

From 2012 to 2022, the average annual growth rate of value to South Sudan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Malawi (X% per year).

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($X per unit), while the average price for exports to Democratic Republic of the Congo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Kenya

In 2022, purchases abroad of milling industry machinery increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports saw a strong expansion. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, milling industry machinery imports dropped markedly to $X in 2022. Overall, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of milling industry machinery to Kenya, with a X% share of total imports. Moreover, milling industry machinery imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of milling industry machinery to Kenya, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average milling industry machinery import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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