Kenya: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Kenya

The Kenyan turbo-jet (under X kN) market reduced to $X in 2022, declining by -5.6% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced increase. Turbo-jet (under X kN) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Kenya

In value terms, turbo-jet (under X kN) production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a notable expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 106% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports from Kenya

In 2022, shipments abroad of turbo-jets of a thrust not exceeding X kN decreased by -33.3% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 100%. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, turbo-jet (under X kN) exports shrank remarkably to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 904% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The UK (X units) was the main destination for turbo-jet (under X kN) exports from Kenya, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +7.2%.

In value terms, the UK ($X) emerged as the key foreign market for turbo-jets of a thrust not exceeding X kN exports from Kenya.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +92.8%.

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, reducing by -17.5% against the previous year. In general, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 569% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +79.9% per year.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports into Kenya

In 2022, supplies from abroad of turbo-jets of a thrust not exceeding X kN was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by 6,717% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, turbo-jet (under X kN) imports soared to $X in 2022. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 158,764%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of turbo-jet (under X kN) to Kenya, accounting for a 63% share of total imports. Moreover, turbo-jet (under X kN) imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by South Africa (X units), with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+33.5% per year) and South Africa (-17.7% per year).

In value terms, Germany ($X) constituted the largest supplier of turbo-jets of a thrust not exceeding X kN to Kenya, comprising 76% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Denmark, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.5% per year) and Denmark (-26.4% per year).

Import Prices by Country

In 2022, the average turbo-jet (under X kN) import price amounted to $X per unit, rising by 100% against the previous year. In general, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 2,231%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+77.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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