Kenya - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Kenya - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights

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Price for Balancing Mechanical Parts Machine in Kenya - 2022

Contents:

  1. Price for Balancing Mechanical Parts Machine in Kenya (CIF) - 2022
  2. Price for Balancing Mechanical Parts Machine in Kenya (FOB) - 2022
  3. Imports of Balancing Mechanical Parts Machine in Kenya
  4. Exports of Balancing Mechanical Parts Machine in Kenya

Price for Balancing Mechanical Parts Machine in Kenya (CIF) - 2022

The average balancing mechanical parts machine import price stood at $2,091 per unit in 2022, jumping by 16% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum at $4,105 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,248 per unit), while the price for Norway ($82 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced a decline.

Price for Balancing Mechanical Parts Machine in Kenya (FOB) - 2022

The average balancing mechanical parts machine export price stood at $1,565 per unit in 2022, declining by -45.6% against the previous year. In general, the export price saw a noticeable setback. The growth pace was the most rapid in 2021 an increase of 240% against the previous year. As a result, the export price attained the peak level of $2,878 per unit, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($10,007 per unit), while the average price for exports to South Africa ($151 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+29.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Balancing Mechanical Parts Machine in Kenya

After three years of growth, supplies from abroad of machines for balancing mechanical parts decreased by -25.8% to 224 units in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 66% against the previous year. Imports peaked at 302 units in 2021, and then reduced dramatically in the following year.

In value terms, balancing mechanical parts machine imports reduced to $468K in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of $546K, and then dropped in the following year.

Import of Balancing Mechanical Parts Machine in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.151.8235181341.7%
South Africa91.019.741.015820.2%
China12419211340.0-31.4%
India1.81.119.519.0119.4%
Germany2.360.711.618.5100.4%
Italy47.88.746.79.4-41.8%
United Kingdom7.28.411.88.97.3%
Norway0.70.60.80.5-10.6%
Others64.046.867.132.0-20.6%
Total34138954646811.1%

Top Suppliers of Balancing Mechanical Parts Machine to Kenya in 2022:

  1. South Africa (86.0 units)
  2. China (55.0 units)
  3. United States (29.0 units)
  4. India (21.0 units)
  5. Germany (11.0 units)
  6. United Kingdom (6.0 units)
  7. Norway (6.0 units)
  8. Italy (5.0 units)

Exports of Balancing Mechanical Parts Machine in Kenya

Balancing mechanical parts machine exports from Kenya stood at 9 units in 2022, surging by 13% against the previous year. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 167%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, balancing mechanical parts machine exports dropped sharply to $15K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 262%. As a result, the exports attained the peak of $23K, and then reduced notably in the following year.

Export of Balancing Mechanical Parts Machine in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TanzaniaN/A0.119.58.0794.4%
South Sudan1.53.10.65.554.2%
Uganda0.2N/A1.50.644.2%
Rwanda0.10.41.40.571.0%
South AfricaN/A0.10.20.241.4%
India2.2N/AN/AN/A0%
OthersN/A2.7N/AN/A0%
Total4.16.423.114.853.4%

Top Export Markets for Balancing Mechanical Parts Machine from Kenya in 2022:

  1. South Sudan (6.0 units)
  2. Tanzania (1.0 units)
  3. Uganda (1.0 units)
  4. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for balancing mechanical parts machine in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28993970 - Machines for balancing mechanical parts

Country coverage:

  • Kenya

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Kenya
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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