Kenya: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Exports

Exports from Kenya

In 2022, exports of non-electric industrial or laboratory furnaces and ovens from Kenya reduced rapidly to X units, with a decrease of -37.4% on the previous year's figure. In general, exports, however, showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 616%. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, non-electric industrial furnace exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 782% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Tanzania (X units), India (X units) and South Sudan (X units) were the main destinations of non-electric industrial furnace exports from Kenya, together comprising 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of +50.5%), while the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Kenya, comprising 66% of total exports. The second position in the ranking was held by India ($X), with a 26% share of total exports. It was followed by Uganda, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at +51.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+9.9% per year) and Uganda (+2.6% per year).

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, shrinking by -11% against the previous year. In general, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 202% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Uganda ($X per unit), while the average price for exports to South Sudan ($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 Uganda (+22.1%), while the prices for the other major destinations experienced a decline.

Non-Electric Industrial Furnace Imports

Imports into Kenya

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into Kenya; dropping by -29.5% compared with the previous year. Overall, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 370% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports dropped remarkably to $X in 2022. Over the period under review, imports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2021 with an increase of 505% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-electric industrial furnace supplier to Kenya, accounting for a 77% share of total imports. Moreover, non-electric industrial furnace imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+16.2% per year) and the Netherlands (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Kenya, comprising 73% of total imports. The second position in the ranking was taken by Spain ($X), with a 5.6% share of total imports. It was followed by South Africa, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.1% per year) and South Africa (+7.6% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, with a decrease of -17.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 280%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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