Price for Electrical Push-Button and Rotary Switch in Kenya - 2022
Contents:
- Price for Electrical Push-Button and Rotary Switch in Kenya (CIF) - 2022
- Price for Electrical Push-Button and Rotary Switch in Kenya (FOB) - 2022
- Imports of Electrical Push-Button and Rotary Switch in Kenya
- Exports of Electrical Push-Button and Rotary Switch in Kenya
Price for Electrical Push-Button and Rotary Switch in Kenya (CIF) - 2022
In December 2021, the average import price for electrical push-button and rotary switches for under 1000 v amounted to $394 per thousand units, reducing by -19.1% against the previous month. In general, the import price, however, showed resilient growth. The growth pace was the most rapid in September 2021 an increase of 1,410% month-to-month. As a result, import price attained the peak level of $2.3 per unit. From October 2021 to December 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was the UK ($458 per thousand units), while the price for China ($375 per thousand units) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Push-Button and Rotary Switch in Kenya (FOB) - 2022
In 2022, the average export price for electrical push-button and rotary switches for under 1000 v amounted to $0.2 per unit, shrinking by -55.1% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 55%. As a result, the export price attained the peak level of $0.5 per unit. From 2017 to 2022, the average 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 the United Arab Emirates ($7.1 per unit), while the average price for exports to Rwanda ($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 the United Arab Emirates (+717.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Push-Button and Rotary Switch in Kenya
In 2022, the amount of electrical push-button and rotary switches for under 1000 v imported into Kenya amounted to 57M units, growing by 10% compared with the previous year. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Imports peaked at 72M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electrical push-button and rotary switch imports skyrocketed to $14M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Push-Button and Rotary Switch in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 6.3 | 7.6 | 8.3 | 0.0% |
| United Arab Emirates | 2.2 | 1.2 | 2.2 | 3.0 | 10.9% |
| United Kingdom | 0.2 | 0.1 | 0.3 | 0.5 | 35.7% |
| Others | 2.6 | 2.0 | 2.3 | 2.6 | 0.0% |
| Total | 13.2 | 9.6 | 12.4 | 14.4 | 2.9% |
Top Suppliers of Electrical Push-Button and Rotary Switch to Kenya in 2022:
- China (37.8M units)
- United Arab Emirates (16.8M units)
- United Kingdom (0.9M units)
Exports of Electrical Push-Button and Rotary Switch in Kenya
In 2022, approx. 964K units of electrical push-button and rotary switches for under 1000 v were exported from Kenya; waning by -25.1% against 2021 figures. Overall, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 164% against the previous year. As a result, the exports attained the peak of 1.3M units, and then fell sharply in the following year.
In value terms, electrical push-button and rotary switch exports plummeted to $188K in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 290%. As a result, the exports attained the peak of $559K, and then reduced sharply in the following year.
| Export of Electrical Push-Button and Rotary Switch in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 32.1 | 37.1 | 60.2 | 60.2 | 23.3% |
| Rwanda | 11.6 | 4.1 | 5.8 | 36.0 | 45.9% |
| Nigeria | 4.0 | 0.3 | N/A | 27.6 | 90.4% |
| Tanzania | 11.1 | 9.8 | 24.2 | 18.9 | 19.4% |
| Ethiopia | 8.8 | 10.1 | 119 | 14.6 | 18.4% |
| United Arab Emirates | N/A | N/A | 259 | 0.1 | -100.0% |
| Uganda | 67.1 | 40.1 | 20.0 | N/A | -45.4% |
| Others | 149 | 41.7 | 70.6 | 30.6 | -41.0% |
| Total | 284 | 143 | 559 | 188 | -12.8% |
Top Export Markets for Electrical Push-Button and Rotary Switch from Kenya in 2022:
- Rwanda (317.4K units)
- Zambia (316.5K units)
- Tanzania (153.0K units)
- Nigeria (125.1K units)
- Ethiopia (15.4K units)
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