Kenya: Tamping Machinery Market 2024

Tamping Machinery Market Size in Kenya

For the third consecutive year, the Kenyan tamping machinery market recorded decline in sales value, which decreased by -11% to $X in 2021. In general, consumption, however, faced a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tamping Machinery Exports

Exports from Kenya

After three years of growth, shipments abroad of tamping or compacting machinery decreased by -11.8% to X units in 2021. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 1,000% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then shrank in the following year.

In value terms, tamping machinery exports skyrocketed to $X in 2021. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,379% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Somalia (X units), Zambia (X units) and Cote d'Ivoire (X units) were the main destinations of tamping machinery exports from Kenya, with a combined 78% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Somalia (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for tamping or compacting machinery exports from Kenya, comprising 53% of total exports. The second position in the ranking was taken by Somalia ($X), with a 14% share of total exports. It was followed by Zambia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+33.6% per year) and Zambia (+49.5% per year).

Export Prices by Country

In 2021, the average tamping machinery export price amounted to $X per unit, rising by 34% against the previous year. In general, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 287% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Burundi ($X per unit), while the average price for exports to Rwanda ($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 Senegal (+457.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Kenya

In 2021, overseas purchases of tamping or compacting machinery were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of 206% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tamping machinery imports declined markedly to $X in 2021. Over the period under review, imports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 181% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest tamping machinery supplier to Kenya, accounting for a 81% share of total imports. Moreover, tamping machinery imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), ninefold. The third position in this ranking was held by Japan (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+17.0% per year) and Japan (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of tamping or compacting machinery to Kenya, comprising 67% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Spain, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.2% per year) and Spain (+6.0% per year).

Import Prices by Country

In 2021, the average tamping machinery import price amounted to $X per unit, with a decrease of -36% against the previous year. In general, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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