Kenya: Printed Circuit Market 2024

Printed Circuit Market Size in Kenya

The Kenyan printed circuit market surged to $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Printed Circuit Exports

Exports from Kenya

In 2022, overseas shipments of printed circuits decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, printed circuit exports fell notably to $X in 2022. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), Malawi (X units) and Poland (X units) were the main destinations of printed circuit exports from Kenya, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malawi (with a CAGR of X.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for printed circuits exports from Kenya, comprising X% of total exports. The second position in the ranking was held by Malawi ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The average printed circuit export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the 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 Tanzania ($X per unit), while the average price for exports to Poland ($X 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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Printed Circuit Imports

Imports into Kenya

In 2022, approx. X units of printed circuits were imported into Kenya; picking up by X% against 2021. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, printed circuit imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of printed circuit to Kenya, accounting for a X% share of total imports. Moreover, printed circuit imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of printed circuits to Kenya, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average printed circuit import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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