Kenya: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Kenya

The Kenyan steering wheels and columns market plummeted to $X in 2022, falling by -25.4% 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, however, showed a remarkable increase. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Kenya

In 2022, the amount of steering wheels, steering columns and steering boxes exported from Kenya declined modestly to X kg, leveling off at the year before. In general, exports, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,085%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, steering wheels and columns exports fell markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 819%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for steering wheels and columns exports from Kenya, accounting for a 73% share of total exports. Moreover, steering wheels and columns exports to Canada exceeded the volume sent to the second major destination, the Dominican Republic (X kg), sevenfold. South Africa (X kg) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+17.5% per year) and South Africa (+9.8% per year).

In value terms, Canada ($X) emerged as the key foreign market for steering wheels, steering columns and steering boxes exports from Kenya, comprising 77% of total exports. The second position in the ranking was held by South Africa ($X), with a 15% share of total exports. It was followed by the Dominican Republic, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+10.6% per year) and the Dominican Republic (+18.3% per year).

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, falling by -30.7% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 180%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+0.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Kenya

Steering wheels and columns imports into Kenya dropped notably to X tons in 2022, waning by -25.3% on the previous year. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, steering wheels and columns imports plummeted to $X in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 103% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest steering wheels and columns supplier to Kenya, accounting for a 88% share of total imports. It was followed by India (X tons), with a 2.7% share of total imports. Japan (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.5% per year) and Japan (+9.2% per year).

In value terms, China ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Kenya, comprising 79% of total imports. The second position in the ranking was held by India ($X), with a 2.5% share of total imports. It was followed by Japan, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.3% per year) and Japan (-0.3% per year).

Import Prices by Country

The average steering wheels and columns import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 20%. As a result, import price attained the peak level of $X per ton. From 2016 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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