Kenya: Transmission Shaft Market 2024

Transmission Shaft Market Size in Kenya

The Kenyan transmission shaft market dropped to $X in 2022, waning by -12.2% 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 continues to indicate a slight descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Transmission Shaft Exports

Exports from Kenya

Transmission shaft exports from Kenya skyrocketed to X tons in 2022, jumping by 101% compared with 2021 figures. In general, exports saw a measured increase. The pace of growth was the most pronounced in 2015 with an increase of 1,142%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, transmission shaft exports reduced to $X in 2022. Overall, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 203%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uganda (X tons) was the main destination for transmission shaft exports from Kenya, accounting for a 61% share of total exports. Moreover, transmission shaft exports to Uganda exceeded the volume sent to the second major destination, Tanzania (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uganda amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+1.2% per year) and the United States (+4.8% per year).

In value terms, Tanzania ($X) remains the key foreign market for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports from Kenya, comprising 27% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Uganda, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and Uganda (-2.0% per year).

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, waning by -54% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 328%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uganda ($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 the United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Kenya

In 2022, imports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain into Kenya fell to X tons, which is down by -9.1% on the previous year's figure. Overall, imports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 when imports increased by 229% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, transmission shaft imports dropped to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 60%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of transmission shaft imports to Kenya, with a combined 77% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission shaft suppliers to Kenya were India ($X), China ($X) and Germany ($X), together comprising 68% of total imports.

Among the main suppliers, India, with a CAGR of +14.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average transmission shaft import price amounted to $X per ton, waning by -4.9% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the average import price increased by 118%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :