Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya - 2022

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $560 per unit in 2022, rising by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $1,030 per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,587 per unit), while the price for China ($139 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $844 per unit in 2022, dropping by -6.1% against the previous year. Overall, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 81%. Over the period under review, the average export prices reached the maximum at $1,932 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -6.9% per year.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya

In 2022, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses into Kenya amounted to 392 units, growing by 14% on 2021 figures. Over the period under review, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 96%. Imports peaked at 447 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses skyrocketed to $220K in 2022. In general, imports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked at $346K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Kenya in 2022:

1. India (278.0 units)
2. Bulgaria (49.0 units)
3. China (33.0 units)
4. Germany (19.0 units)
5. Italy (1.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Kenya

After three years of growth, overseas shipments of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses decreased by -16.7% to 60 units in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. The exports peaked at 72 units in 2021, and then declined rapidly in the following year.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses reduced dramatically to $51K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. Over the period under review, the exports of reached the maximum at $65K in 2021, and then reduced rapidly in the following year.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Kenya in 2022:

1. Uganda (60.0 units)

Source: IndexBox Market Intelligence Platform