Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya - 2022

Contents:

1. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya (CIF) - 2022
2. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya (FOB) - 2022
3. Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya
4. Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya (CIF) - 2022

The average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $751 per unit in 2022, waning by -35.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 154%. The import price peaked at $1,418 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Denmark ($11,051 per unit), while the price for South Africa ($186 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya (FOB) - 2022

The average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses stood at $216 per unit in 2022, shrinking by -31.4% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 132%. The export price peaked at $314 per unit in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($402 per unit), while the average price for exports to Uganda ($14 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 (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya

In 2022, purchases abroad of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses decreased by -26.6% to 1.1K units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 101%. As a result, imports reached the peak of 4.9K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses fell notably to $802K in 2022. In general, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports reached the peak of $4.8M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to Kenya in 2022:

1. Turkey (535.0 units)
2. China (480.0 units)
3. Denmark (22.0 units)
4. Netherlands (1.0 units)

Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Kenya

In 2022, approx. 13 units of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses were exported from Kenya; growing by 8.3% on 2021 figures. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 9.1%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses fell dramatically to $2.8K in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $3.8K, and then declined sharply in the following year.

Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from Kenya in 2022:

1. Tanzania (5.0 units)
2. South Africa (5.0 units)
3. Uganda (3.0 units)

Source: IndexBox Market Intelligence Platform