Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kenya - 2022

Contents:

1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kenya (CIF) - 2022
2. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kenya

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kenya (CIF) - 2022

The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $4,251 per unit in 2022, which is down by -22.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 160% against the previous year. Over the period under review, average import prices hit record highs at $14,056 per unit 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 Italy ($26,303 per unit), while the price for India ($1,019 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Kenya

For the fourth year in a row, Kenya recorded growth in purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics, which increased by 94% to 454 units in 2022. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $1.9M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 161%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Kenya in 2022:

1. India (237.0 units)
2. United States (64.0 units)
3. China (57.0 units)
4. South Africa (20.0 units)
5. Taiwan (Chinese) (17.0 units)
6. United Kingdom (13.0 units)
7. United Arab Emirates (12.0 units)
8. South Korea (10.0 units)
9. Italy (7.0 units)
10. Germany (7.0 units)

Source: IndexBox Market Intelligence Platform