Kenya: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Kenya

The Kenyan self-propelled excavating machinery market contracted notably to $X in 2021, which is down by -78.9% 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). In general, consumption saw a precipitous decline. Self-propelled excavating machinery consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Kenya

In 2021, the amount of self-propelled earth moving, excavating machinery exported from Kenya skyrocketed to X units, surging by 25% on 2020. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 133%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, self-propelled excavating machinery exports soared to $X in 2021. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 219%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Uganda (X units) was the main destination for self-propelled excavating machinery exports from Kenya, accounting for a 72% share of total exports. Moreover, self-propelled excavating machinery exports to Uganda exceeded the volume sent to the second major destination, Zambia (X units), fivefold. The third position in this ranking was taken by Cambodia (X units), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uganda stood at +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+16.7% per year) and Cambodia (0.0% per year).

In value terms, Uganda ($X) emerged as the key foreign market for self-propelled earth moving, excavating machinery exports from Kenya, comprising 76% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 13% share of total exports. It was followed by Zambia, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Uganda stood at +79.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (0.0% per year) and Zambia (+18.7% per year).

Export Prices by Country

In 2021, the average self-propelled excavating machinery export price amounted to $X per unit, increasing by 24% against the previous year. In general, the export price, however, showed a noticeable slump. The growth pace was the most rapid in 2020 an increase of 46%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, 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 Cambodia ($X per unit), while the average price for exports to Rwanda ($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 Uganda (+21.0%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Excavating Machinery Imports

Imports into Kenya

Self-propelled excavating machinery imports into Kenya dropped notably to X units in 2021, with a decrease of -28.6% on the year before. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 87%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, self-propelled excavating machinery imports shrank significantly to $X in 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when imports increased by 102% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and South Africa (X units) were the main suppliers of self-propelled excavating machinery imports to Kenya, together accounting for 73% of total imports. South Korea, India, Belgium and France lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Kenya, comprising 33% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by India, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Africa totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+14.5% per year) and India (+0.4% per year).

Import Prices by Country

In 2021, the average self-propelled excavating machinery import price amounted to $X per unit, which is down by -21% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 150% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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