Weaving Machines (Looms) Price in Kenya - 2021

Contents:

  1. Weaving Machines (Looms) Price in Kenya (CIF) - 2022
  2. Weaving Machines (Looms) Price in Kenya (FOB) - 2022
  3. Weaving Machines (Looms) Imports in Kenya
  4. Weaving Machines (Looms) Exports in Kenya

Weaving Machines (Looms) Price in Kenya (CIF) - 2022

The average weaving machines (looms) import price stood at $12,525 per unit in 2022, picking up by 26% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 78% against the previous year. Over the period under review, average import prices attained the maximum at $19,687 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($15,992 per unit), while the price for China ($5,984 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+94.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Weaving Machines (Looms) Price in Kenya (FOB) - 2022

In 2022, the average weaving machines (looms) export price amounted to $3,294 per unit, picking up by 10,882% against the previous year. In general, the export price, however, showed a abrupt decline. The export price peaked at $8,510 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($7,972 per unit), while the average price for exports to Uganda ($95 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 Uganda (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Weaving Machines (Looms) Imports in Kenya

In 2022, purchases abroad of weaving machines (looms)s decreased by -65.2% to 39 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of 144 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, weaving machines (looms) imports declined notably to $488K in 2022. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2020 when imports increased by 3.7% against the previous year. Over the period under review, imports attained the peak figure at $1.1M in 2021, and then reduced remarkably in the following year.

Import of Weaving Machines (Looms) in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy50.551.713033688.1%
China27912018877.8-34.7%
India16031219974.8-22.4%
Uganda20.718.517.9N/A-7.0%
Austria370315399N/A3.8%
South AfricaN/A17374.7N/A-56.8%
Taiwan (Chinese)19.720.022.1N/A5.9%
Others14169.681.5N/A-24.0%
Total1,0411,0791,114488-22.3%

Top Suppliers of Weaving Machines (Looms) to Kenya in 2022:

  1. Italy (21.0 units)
  2. China (13.0 units)
  3. India (5.0 units)

Weaving Machines (Looms) Exports in Kenya

Weaving machines (looms) exports from Kenya soared to 24 units in 2022, with an increase of 700% on the year before. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, weaving machines (looms) exports soared to $79K in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Weaving Machines (Looms) in Kenya (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Rwanda4.11.00.138.5111.0%
India6.11.1N/A15.937.6%
UgandaN/AN/AN/A0.10%
OthersN/AN/AN/A24.60%
Total10.22.10.179.197.9%

Top Export Markets for Weaving Machines (Looms) from Kenya in 2022:

  1. Rwanda (21.0 units)
  2. India (2.0 units)
  3. Uganda (1.0 units)

Source: IndexBox Market Intelligence Platform

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