Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya - 2022

Contents:

1. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya (CIF) - 2022
2. Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya (FOB) - 2022
3. Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya
4. Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya (CIF) - 2022

The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $1,779 per unit in 2022, falling by -5.2% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 37%. Over the period under review, average import prices reached the peak figure at $2,807 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,865 per unit), while the price for Japan amounted to $1,764 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.3%).

Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya (FOB) - 2022

The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $1,900 per unit in 2022, with an increase of 22% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 929%. As a result, the export price attained the peak level of $3,486 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($2,062 per unit), while the average price for exports to Tanzania totaled $1,738 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya

In 2022, supplies from abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -22.9% to 6.7K units, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2020 when imports increased by 21%. As a result, imports attained the peak of 11K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs declined remarkably to $12M in 2022. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 6.6%. Imports peaked at $18M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Kenya in 2022:

1. Japan (6.1K units)
2. India (0.5K units)

Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Kenya

After two years of decline, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -66.7% to 2 units in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of -14.3% was in 2020. The exports peaked at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs dropped markedly to $3.8K in 2022. Overall, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 68%. As a result, the exports reached the peak of $9.4K, and then fell markedly in the following year.

Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Kenya in 2022:

1. Burundi (1.0 units)
2. Tanzania (1.0 units)

Source: IndexBox Market Intelligence Platform