Kenya: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Kenya

The Kenyan ride-on compaction equipment market dropped sharply to $X in 2022, shrinking by -17.6% 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 continues to indicate a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports from Kenya

In 2022, overseas shipments of ride-on compaction equipment decreased by 0% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 180% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, ride-on compaction equipment exports contracted to $X in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 13,079% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Ethiopia (X units), Uganda (X units) and Cote d'Ivoire (X units) were the main destinations of ride-on compaction equipment exports from Kenya, together comprising 67% 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 Cote d'Ivoire (with a CAGR of +91.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ride-on compaction equipment exported from Kenya were Ethiopia ($X), Cote d'Ivoire ($X) and Uganda ($X), with a combined 59% share of total exports.

Ethiopia, with a CAGR of +135.7%, recorded the highest rates of growth with regard to 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

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, with a decrease of -7.1% against the previous year. Over the period under review, the export price showed a slight contraction. The pace of growth appeared the most rapid in 2018 an increase of 4,607%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to South Africa ($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 Ethiopia (+82.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into Kenya

In 2022, imports of ride-on compaction equipment into Kenya contracted sharply to X units, shrinking by -15.9% against 2021 figures. Overall, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 97% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, ride-on compaction equipment imports contracted to $X in 2022. In general, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by 107%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X units) constituted the largest supplier of ride-on compaction equipment to Kenya, with a 61% share of total imports. Moreover, ride-on compaction equipment imports from Pakistan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Indonesia (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan stood at +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.4% per year) and Indonesia (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of ride-on compaction equipment to Kenya, comprising 40% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports. It was followed by Pakistan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+33.5% per year) and Pakistan (+36.8% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, surging by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat 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 Indonesia ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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