Kenya: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Kenya

The Kenyan transporter and bridge cranes market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a significant increase. Transporter and bridge cranes consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports from Kenya

In 2021, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported from Kenya; rising by 34% against the previous year's figure. Overall, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 423%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, transporter and bridge cranes exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 378% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X units), Uganda (X units) and Rwanda (X units) were the main destinations of transporter and bridge cranes exports from Kenya, with a combined 99.9% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +11.6%), while shipments for the other leaders experienced a decline.

In value terms, Tanzania ($X) remains the key foreign market for transporter cranes, gantry cranes and bridge cranes exports from Kenya, comprising 93% of total exports. The second position in the ranking was held by Uganda ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tanzania amounted to +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-4.5% per year) and Rwanda (-38.4% per year).

Export Prices by Country

The average transporter and bridge cranes export price stood at $X per unit in 2021, waning by -2.5% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 77%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Uganda ($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 Tanzania (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports into Kenya

In 2021, after two years of decline, there was significant growth in purchases abroad of transporter cranes, gantry cranes and bridge cranes, when their volume increased by 342% to X units. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 391%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, transporter and bridge cranes imports soared to $X in 2021. Overall, imports saw a significant expansion. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of transporter and bridge cranes to Kenya, with a 82% share of total imports. Moreover, transporter and bridge cranes imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +63.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.7% per year) and the United Arab Emirates (+31.9% per year).

In value terms, China ($X) constituted the largest supplier of transporter cranes, gantry cranes and bridge cranes to Kenya, comprising 85% of total imports. The second position in the ranking was held by France ($X), with a 4.6% share of total imports. It was followed by Japan, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +53.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.7% per year) and Japan (+3.7% per year).

Import Prices by Country

In 2021, the average transporter and bridge cranes import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 an increase of 39%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 France ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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