Kenya: Winche And Capstan Market 2024

Winche And Capstan Market Size in Kenya

The Kenyan winche and capstan market soared to $X in 2021, picking up by 183% 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, saw a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Winche And Capstan Exports

Exports from Kenya

In 2021, overseas shipments of winches and capstans decreased by -4.8% to X units, falling for the second consecutive year after three years of growth. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 140%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, winche and capstan exports declined slightly to $X in 2021. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 with an increase of 121%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X units), Ethiopia (X units) and Uganda (X units) were the main destinations of winche and capstan exports from Kenya, together comprising 83% 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 Ethiopia (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, Ethiopia ($X), the United Arab Emirates ($X) and South Sudan ($X) appeared to be the largest markets for winche and capstan exported from Kenya worldwide, with a combined 44% share of total exports. These countries were followed by Uganda, Tanzania, South Africa, Sudan and Malawi, which together accounted for a further 19%.

In terms of the main countries of destination, South Africa, with a CAGR of +68.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average winche and capstan export price amounted to $X per unit, growing by 5% against the previous year. Overall, the export price, however, recorded a slight reduction. The growth pace was the most rapid in 2015 when the average export price increased by 195%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Sudan ($X per unit), while the average price for exports to Malawi ($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 the United Arab Emirates (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Kenya

In 2021, imports of winches and capstans into Kenya soared to X units, growing by 131% compared with the previous year's figure. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2018 when imports increased by 212% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, winche and capstan imports soared to $X in 2021. Over the period under review, imports showed perceptible growth. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of winche and capstan to Kenya, with a 77% share of total imports. Moreover, winche and capstan imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was taken by Lebanon (X units), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.0% per year) and Lebanon (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of winches and capstans to Kenya, comprising 72% of total imports. The second position in the ranking was held by Italy ($X), with a 4.8% share of total imports. It was followed by India, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.6% per year) and India (+21.8% per year).

Import Prices by Country

In 2021, the average winche and capstan import price amounted to $X per unit, picking up by 8.1% against the previous year. Overall, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 168%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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