Kenya: Spark Plug Market 2024

Spark Plug Market Size in Kenya

The Kenyan spark plug market expanded remarkably to $X in 2022, with an increase of 11% 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 recorded measured growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Spark Plug Exports

Exports from Kenya

In 2022, exports of sparking plugs from Kenya soared to X units, jumping by 109% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 284% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, spark plug exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2016 when exports increased by 306% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Rwanda (X units) was the main destination for spark plug exports from Kenya, accounting for a 95% share of total exports. Moreover, spark plug exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Rwanda totaled +44.0%.

In value terms, Rwanda ($X) emerged as the key foreign market for sparking plugs exports from Kenya, comprising 95% of total exports. The second position in the ranking was held by Tanzania ($X), with a 4.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Rwanda stood at +49.0%.

Export Prices by Country

The average spark plug export price stood at $X per unit in 2022, growing by 13% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 109% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Rwanda totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+34.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Kenya

In 2022, the amount of sparking plugs imported into Kenya rose significantly to X units, surging by 14% on the previous year's figure. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, spark plug imports rose markedly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.8% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest spark plug supplier to Kenya, accounting for a 88% share of total imports. It was followed by Germany (X units), with a 2.6% share of total imports. The third position in this ranking was taken by Japan (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Japan (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of sparking plugs to Kenya, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 6% share of total imports. It was followed by Japan, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.2% per year) and Japan (+2.3% per year).

Import Prices by Country

The average spark plug import price stood at $X per unit in 2022, reducing by -4% against the previous year. In general, the import price saw a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 27%. The import price peaked at $X per unit in 2018; however, from 2019 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 South Africa ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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