Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya - 2022

Contents:

1. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya (CIF) - 2022
2. Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya (FOB) - 2022
3. Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya
4. Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya (CIF) - 2022

In 2022, the average import price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 amounted to $117,421 per ton, jumping by 33% against the previous year. Overall, the import price enjoyed a modest increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 51%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 China ($164,196 per ton), while the price for Germany ($6,174 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+33.7%), while the prices for the other major suppliers experienced a decline.

Price for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya (FOB) - 2022

The average export price for calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 stood at $17,750 per ton in 2022, increasing by 43% against the previous year. Overall, the export price posted a mild increase. The pace of growth was the most pronounced in 2014 an increase of 143%. The export price peaked at $175,583 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Seychelles ($26,400 per ton), while the average price for exports to Democratic Republic of the Congo ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya

In 2022, overseas purchases of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 decreased by -34.4% to 762 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 844%. As a result, imports attained the peak of 1.2 tons, and then shrank significantly in the following year.

In value terms, imports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 contracted to $89K in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 713%. As a result, imports attained the peak of $103K, and then dropped in the following year.

Top Suppliers of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 to Kenya in 2022:

1. China (352.0 kg)
2. United Arab Emirates (214.0 kg)
3. Poland (138.0 kg)
4. Germany (23.0 kg)

Exports of Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 in Kenya

In 2022, overseas shipments of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 decreased by 0% to 8 kg, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 266% against the previous year. As a result, the exports reached the peak of 117 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of calculating machines; parts and accessories of item no. 8470.10, 8470.21 or 8470.29 surged to $142 in 2022. In general, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 147%. As a result, the exports attained the peak of $2.5K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Calculating Machines; Parts and Accessories of Item No. 8470.10, 8470.21 or 8470.29 from Kenya in 2022:

1. Seychelles (5.0 kg)
2. Ghana (1.0 kg)
3. Democratic Republic of the Congo (1.0 kg)
4. Uganda (1.0 kg)

Source: IndexBox Market Intelligence Platform