Kenya: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2024

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Kenya

The Kenyan non-electronic hydro- and hygrometers market skyrocketed to $X in 2021, with an increase of 22% 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). Overall, consumption, however, enjoyed strong growth. Non-electronic hydro- and hygrometers consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Kenya

In 2021, shipments abroad of non-electronic hydro-, hygro-, psychrometers decreased by -19.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a perceptible curtailment. The growth pace was the most rapid in 2015 with an increase of 492%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers exports soared to $X in 2021. Overall, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2015 with an increase of 2,137% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X units) was the main destination for non-electronic hydro- and hygrometers exports from Kenya, accounting for a 51% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Nigeria exceeded the volume sent to the second major destination, Mozambique (X units), twofold. Democratic Republic of the Congo (X units) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-7.4% per year) and Democratic Republic of the Congo (+13.0% per year).

In value terms, Nigeria ($X) remains the key foreign market for non-electronic hydro-, hygro-, psychrometers exports from Kenya, comprising 46% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 13% share of total exports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (-12.5% per year) and Germany (+18.6% per year).

Export Prices by Country

The average non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, growing by 47% against the previous year. Overall, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 279%. 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 somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to South Africa ($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 Germany (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Kenya

In 2021, after two years of growth, there was decline in supplies from abroad of non-electronic hydro-, hygro-, psychrometers, when their volume decreased by -0.4% to X units. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 244%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. In general, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by 95%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and India (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to Kenya, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +406.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of non-electronic hydro-, hygro-, psychrometers to Kenya, comprising 43% of total imports. The second position in the ranking was held by India ($X), with a 9.1% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +851.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.6% per year) and China (+13.0% per year).

Import Prices by Country

The average non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, growing by 42% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The growth pace was the most rapid in 2014 an increase of 69%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+94.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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