Plugs and Socket Price in Kenya - 2022
Contents:
- Plugs and Socket Price in Kenya (CIF) - 2022
- Plugs and Socket Price in Kenya (FOB) - 2022
- Plugs and Socket Imports in Kenya
- Plugs and Socket Exports in Kenya
Plugs and Socket Price in Kenya (CIF) - 2022
In 2022, the average plugs and socket import price amounted to $63 per thousand units, with a decrease of -5.3% against the previous year. In general, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $93 per thousand units in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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 China ($64 per thousand units), while the price for the United Arab Emirates stood at $32 per thousand units.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%).
Plugs and Socket Price in Kenya (FOB) - 2022
The average plugs and socket export price stood at $0.2 per unit in 2022, surging by 21% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of 168% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Central African Republic ($0.5 per unit), while the average price for exports to Democratic Republic of the Congo (less than $0.1 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 Seychelles (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plugs and Socket Imports in Kenya
Plugs and socket imports into Kenya soared to 344M units in 2022, increasing by 33% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, plugs and socket imports soared to $22M in 2022. The total import value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Plugs and Socket in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.7 | 16.7 | 16.2 | 20.1 | 11.0% |
| United Arab Emirates | 0.5 | 0.3 | 0.3 | 0.8 | 17.0% |
| Others | 2.9 | 0.9 | 0.8 | 0.8 | -34.9% |
| Total | 18.2 | 17.9 | 17.3 | 21.7 | 6.0% |
Top Suppliers of Plugs and Socket to Kenya in 2022:
- China (315.4M units)
- United Arab Emirates (24.2M units)
Plugs and Socket Exports in Kenya
In 2022, approx. 181K units of electrical plugs and sockets for under 1000 v were exported from Kenya; waning by -73.1% against the previous year's figure. In general, exports faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 435%. As a result, the exports attained the peak of 673K units, and then fell remarkably in the following year.
In value terms, plugs and socket exports dropped remarkably to $33K in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 421%. As a result, the exports reached the peak of $101K, and then contracted sharply in the following year.
| Export of Plugs and Socket in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.9 | N/A | N/A | 14.3 | 27.5% |
| Central African Republic | N/A | N/A | N/A | 5.5 | 0% |
| Rwanda | 1.8 | 0.7 | 8.1 | 4.1 | 31.6% |
| Seychelles | 4.4 | 3.2 | 3.1 | 2.8 | -14.0% |
| Ethiopia | N/A | 7.9 | 7.0 | 2.0 | -49.7% |
| Angola | N/A | 2.7 | N/A | 0.9 | -42.3% |
| Burundi | 0.1 | N/A | 2.8 | 0.6 | 81.7% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.2 | 0% |
| Tanzania | 2.6 | 0.9 | 9.2 | 0.1 | -66.2% |
| Paraguay | N/A | N/A | 39.5 | N/A | 0% |
| Uganda | 4.7 | 0.5 | 6.9 | N/A | 21.2% |
| Namibia | 29.0 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.7 | 1.1 | 9.6 | N/A | 270.3% |
| Others | 3.5 | 2.4 | 14.5 | 2.0 | -17.0% |
| Total | 53.6 | 19.3 | 101 | 32.7 | -15.2% |
Top Export Markets for Plugs and Socket from Kenya in 2022:
- Netherlands (54.2K units)
- Rwanda (53.9K units)
- Angola (26.7K units)
- Central African Republic (10.7K units)
- Seychelles (10.3K units)
- Burundi (7.4K units)
- Democratic Republic of the Congo (4.5K units)
- Ethiopia (2.5K units)
- Tanzania (1.4K units)
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