Price for Machines; Parts and Accessories, of Heading No. 8472 in Kenya - 2022

Contents:

1. Price for Machines; Parts and Accessories, of Heading No. 8472 in Kenya (CIF) - 2022
2. Price for Machines; Parts and Accessories, of Heading No. 8472 in Kenya (FOB) - 2022
3. Imports of Machines; Parts and Accessories, of Heading No. 8472 in Kenya
4. Exports of Machines; Parts and Accessories, of Heading No. 8472 in Kenya

Price for Machines; Parts and Accessories, of Heading No. 8472 in Kenya (CIF) - 2022

In 2022, the average import price for machines; parts and accessories, of heading no. 8472 amounted to $66,650 per ton, picking up by 61% against the previous year. Over the period under review, the import price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 75%. Over the period under review, average import prices reached the maximum at $145,239 per ton in 2018; however, from 2019 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 Spain ($255,612 per ton), while the price for China ($16,840 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Parts and Accessories, of Heading No. 8472 in Kenya (FOB) - 2022

The average export price for machines; parts and accessories, of heading no. 8472 stood at $75,624 per ton in 2022, which is down by -10.4% against the previous year. In general, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2018 an increase of 194% against the previous year. As a result, the export price attained the peak level of $167,061 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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 Malawi ($149,755 per ton), while the average price for exports to Rwanda amounted to $26,525 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (-3.1%), while the prices for the other major destinations experienced a decline.

Imports of Machines; Parts and Accessories, of Heading No. 8472 in Kenya

In 2022, supplies from abroad of machines; parts and accessories, of heading no. 8472 decreased by -13.8% to 10 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 82%. As a result, imports reached the peak of 13 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of machines; parts and accessories, of heading no. 8472 surged to $679K in 2022. In general, imports saw a slight downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 135% against the previous year. As a result, imports reached the peak of $1.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Kenya in 2022:

1. Germany (2168.0 kg)
2. United Arab Emirates (1745.0 kg)
3. China (1734.0 kg)
4. Netherlands (1196.0 kg)
5. Taiwan (Chinese) (989.0 kg)
6. South Korea (873.0 kg)
7. South Africa (782.0 kg)
8. Spain (183.0 kg)
9. India (176.0 kg)
10. United Kingdom (116.0 kg)

Exports of Machines; Parts and Accessories, of Heading No. 8472 in Kenya

In 2022, the amount of machines; parts and accessories, of heading no. 8472 exported from Kenya contracted notably to 2 tons, which is down by -64.8% on the previous year. Over the period under review, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2021 when exports increased by 607%. As a result, the exports attained the peak of 5.7 tons, and then fell notably in the following year.

In value terms, exports of machines; parts and accessories, of heading no. 8472 reduced sharply to $152K in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 617%. As a result, the exports reached the peak of $481K, and then contracted significantly in the following year.

Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Kenya in 2022:

1. Rwanda (1203.0 kg)
2. Malawi (748.0 kg)

Source: IndexBox Market Intelligence Platform