Kenya: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Kenya

In 2022, the Kenyan overhead travelling crane market decreased by -18.3% to $X for the first time since 2018, thus ending a three-year rising trend. In general, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.3% against 2018 indices. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Overhead Travelling Crane Production in Kenya

In value terms, overhead travelling crane production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 45%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Kenya

In 2022, after five years of decline, there was significant growth in shipments abroad of overhead travelling cranes on fixed support, when their volume increased by 50% to X units. In general, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 when exports increased by 367% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, overhead travelling crane exports totaled $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 420% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X units) and Rwanda (X units) were the main destinations of overhead travelling crane exports from Kenya. Moreover, overhead travelling crane exports in Tanzania exceeded the figures recorded by the second-largest exporter, Rwanda, twofold.

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 +8.0%).

In value terms, Tanzania ($X) remains the key foreign market for overhead travelling cranes on fixed support exports from Kenya, comprising 88% of total exports. The second position in the ranking was held by Rwanda ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+9.1% per year) and Uganda (-26.2% per year).

Export Prices by Country

In 2022, the average overhead travelling crane export price amounted to $X per unit, which is down by -38.8% against the previous year. In general, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2013 when the average export price increased by 213% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Uganda ($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 Rwanda (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Overhead Travelling Crane Imports

Imports into Kenya

After two years of growth, overseas purchases of overhead travelling cranes on fixed support decreased by -46.2% to X units in 2022. Overall, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by 317% against the previous year. Imports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, overhead travelling crane imports contracted markedly to $X in 2022. In general, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 198%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest overhead travelling crane supplier to Kenya, accounting for a 55% share of total imports. Moreover, overhead travelling crane imports from India exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.3% per year) and Spain (+17.7% per year).

In value terms, India ($X), China ($X) and Spain ($X) appeared to be the largest overhead travelling crane suppliers to Kenya, together comprising 71% of total imports. Turkey, South Africa, Belgium, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, Turkey, with a CAGR of +42.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average overhead travelling crane import price amounted to $X per unit, surging by 25% against the previous year. Over the period under review, the import price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2019 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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