Kenya: Accumulator Market 2024

Accumulator Market Size in Kenya

In 2022, the Kenyan accumulator market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Accumulator Production in Kenya

In value terms, accumulator production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. Accumulator production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Accumulator Exports

Exports from Kenya

In 2022, the amount of electric accumulators exported from Kenya shrank to X units, waning by X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, accumulator exports declined to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Tanzania (X units) was the main destination for accumulator exports from Kenya, accounting for a X% share of total exports. Moreover, accumulator exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X units), fourfold. Rwanda (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

In value terms, Tanzania ($X) remains the key foreign market for electric accumulators exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Uganda ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Tanzania ($X 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 South Sudan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Accumulator Imports

Imports into Kenya

In 2022, accumulator imports into Kenya surged to X units, with an increase of X% against 2021. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, accumulator imports shrank sharply to $X in 2022. Over the period under review, imports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest accumulator supplier to Kenya, with a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of electric accumulators to Kenya, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average accumulator import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for China totaled $X per unit.

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

Source: IndexBox Platform

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