In 2020, the Kenyan crane market has finally started to rise, reaching $X for the first time since 2017, thus ending a two-year downward trend. Overall, consumption has grown significantly. The most significant growth rate occurred in 2010, when the market value increased by X% year-on-year. During the period under review, the market peaked at $X in 2015; however, from 2016 to 2020, consumption failed to regain momentum.
Cranes, mobile crane frames in Kenya declined for the fourth year in a row, down -X% to X units in 2020. Overall, exports fell sharply. The most notable growth rate occurred in 2016, when exports increased by X% over the previous year. During the period under review, exports reached a maximum of X units in 2014; however, from 2015 to 2020, exports have been at lower levels.
In value terms, crane exports fell significantly to X dollars in 2020. Overall, exports fell sharply. The most significant growth rate occurred in 2016, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2017 to 2020, export growth remained low.
Rwanda (X units) is the main destination for Kenyan crane exports, accounting for approximately X% of total exports.
From 2007 to 2020, the average annual growth rate of exports to Rwanda was +X%.
In terms of value, Rwanda ($X) remains the main foreign market for Kenyan crane exports.
From 2007 to 2020, the average annual growth in value to Rwanda totaled -X%.
In 2020, the number of cranes and mobile cranes imported by Kenya dropped slightly to X units, which remained stable compared with 2019. Overall, imports showed a relatively stable trend pattern. The most significant growth rate occurred in 2014, with an X% year-over-year increase. Imports peaked at X units in 2015; however, from 2016 to 2020, imports have remained low.
Crane imports surged to $X in 2020 by value. Overall, imports showed resilient growth. The growth rate was most pronounced in 2010, with a year-on-year increase of X%. During the period under review, imports peaked at $X in 2017; however, imports declined slightly from 2018 to 2020.
In 2020, the Uni Emirat Arab (X units) was the largest crane supplier to Kenya, accounting for X% of total imports. In addition, the number of cranes imported from the United Arab Emirates was more than double the number recorded by the second largest supplier, Uganda (X units).
From 2007 to 2020, the average annual growth rate from the United Arab Emirates is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Uganda (+X% per annum) and Finlandia (+X% per annum).
By value, the United Arab Emirates ($X), Finland ($X) and Uganda ($X) appear to be Kenya's largest crane suppliers, together accounting for X% of total imports. During the period under review, Finland experienced the highest growth in the value of imports among the major suppliers, while other leaders saw a decline in purchases.
By value, the United Arab Emirates ($45,000), Finland ($34,000) and Uganda ($17,000) were Kenya's largest crane suppliers, together accounting for 0.3% of total imports.
In 2020, the average export price of cranes was USD 36,946 per unit, a decrease of -13.8% from the previous year.
The average price of crane imports in 2020 was US$99,180 per unit, an increase of 33% from the previous year.
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