Kenya: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in Kenya

The Kenyan metal treating machine market soared to $X in 2023, rising by X% 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, showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Metal Treating Machine Exports

Exports from Kenya

In 2023, metal treating machine exports from Kenya declined sharply to X units, reducing by X% against 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, metal treating machine exports skyrocketed to $X in 2023. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Uganda (X units), Tanzania (X units) and South Africa (X units) were the main destinations of metal treating machine exports from Kenya.

From 2012 to 2023, the biggest increases were recorded for Uganda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for machines for treating metal, having individual functions exports from Kenya, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Tanzania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Uganda (X% per year).

Export Prices by Country

The average metal treating machine export price stood at $X per unit in 2023, jumping by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Treating Machine Imports

Imports into Kenya

In 2023, approx. X units of machines for treating metal, having individual functions were imported into Kenya; surging by X% against the previous year. In general, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, metal treating machine imports skyrocketed to $X in 2023. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X units) constituted the largest metal treating machine supplier to Kenya, with a X% share of total imports. Moreover, metal treating machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and India (X% per year).

In value terms, the largest metal treating machine suppliers to Kenya were China ($X), Turkey ($X) and Italy ($X), together comprising X% of total imports. Taiwan (Chinese), India, Slovakia, Malaysia, Germany, the United Arab Emirates and Australia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average metal treating machine import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform