In September 2024, the year-on-year food inflation in Kenya decreased to *** percent, the lowest during the period observed. Food prices have generally been following a decreasing trend in the country since March 2023. As a comparison, in October 2022, the food inflation rate was measured at **** percent.
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The Kenyan semi-manufactured gold market totaled $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Semi-manufactured gold consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.
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The East Africa Oil and Gas Upstream Market is valued at USD 35 Million in 2023 and is projected to reach USD 50 Million by 2028, exhibiting a CAGR of 6.00%. This growth is attributed to the increasing demand for energy, government initiatives, technological advancements, and the presence of significant oil and gas reserves in the region. The upstream oil and gas market in East Africa has, in recent years exploded into tremendous growth and transformation based on abundant hydrocarbon reserves found in Kenya, Uganda, and Tanzania. Hydrocarbons have transformed international oil companies' interest in regionally untapped potential where discovery has been made. Promising oil fields were discovered in the East African Rift System, particularly in Lake Albert in Uganda. Tanzania equally has promising prospects for natural gas, especially offshore. On the other hand, the region suffers from such issues as infrastructural deficits, legal and regulatory hurdles, and a high need for investment in developing extraction and transportation capacities. Political factors are also crucial because stability and structure have different degrees of impact on a decision for investment. The governments in East Africa realize nowadays the critical importance of developing local content policies and creating conducive regulatory environments that would both attract foreign investment and benefit the locals through extracting resources. Regional cooperation is also needed to overcome some of the infrastructural hurdles, especially in terms of pipeline development. These will be critical for the transportation of crude oil and gas to markets. As energy requirements rise globally, East Africa's upstream oil and gas market offers a huge opportunity to grow if challenges are well managed and strategic partnerships fostered. Recent developments include: In January 2022, Mozambique witnessed the commissioning of its first offshore project. It is a USD 2.5-billion floating Coral South facility above the 450 billion cubic meters (Bcm) of resources in the Coral field in Area 4 of the Rovuma Basin plant. It has the capacity to liquefy 3.4 million ton of natural gas per year from subsea gas-producing wells., In June 2022, Equinor and Shell signed a framework deal with Tanzania to develop the planned USD 30 billion LNG export project in Lindi.. Key drivers for this market are: 4., Abundant Oil and Gas Reserves4.; Favorable Investment in Upstream Sector. Potential restraints include: 4., Volatility of Crude Oil Prices. Notable trends are: Onshore Sector to Dominate the Market.
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The Kenyan canned food market rose modestly to $3B in 2024, picking up by 2.1% against the previous year. In general, consumption enjoyed resilient growth. Over the period under review, the market attained the maximum level at $3.1B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
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The Kenyan diamond market shrank dramatically to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, enjoyed a slight expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.
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Rhodium rose to 7,475 USD/t oz. on July 30, 2025, up 7.94% from the previous day. Over the past month, Rhodium's price has risen 36.53%, and is up 60.75% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on July of 2025.
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The Middle East and Africa construction equipment market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by significant infrastructure development projects across the region. A Compound Annual Growth Rate (CAGR) of 4.00% is anticipated from 2025 to 2033, indicating a steady expansion. Key drivers include large-scale government investments in infrastructure projects such as roads, railways, airports, and urban development initiatives. The rising population and rapid urbanization in several Middle Eastern and African countries further fuel demand for construction equipment. Trends such as the increasing adoption of technologically advanced equipment, including electric and hybrid models, and the growing focus on sustainability in construction practices will shape the market's trajectory. However, challenges such as fluctuating oil prices, political instability in some regions, and supply chain disruptions could act as restraints on market growth. The market is segmented by machinery type (cranes, telescopic handlers, excavators, loaders, motor graders, and other equipment) and drive type (electric/hybrid and hydraulic). Major players like Caterpillar, Komatsu, JCB, and Liebherr dominate the market, benefiting from their strong brand reputation and extensive distribution networks. Specific growth in countries like Saudi Arabia and the UAE, driven by ambitious Vision 2030 and similar national development plans, is expected to significantly contribute to the overall market expansion. The segment of excavators and loaders is likely to witness higher demand due to their extensive use in infrastructure and construction projects. The market's growth is anticipated to be concentrated in regions experiencing rapid urbanization and industrialization. The adoption of advanced construction techniques and technologies is also expected to drive demand for specialized equipment. However, the market will face the challenges of volatile commodity prices, potential economic downturns and import restrictions. The competitive landscape is highly fragmented, with both global and regional players vying for market share. Strategic partnerships, technological advancements, and effective localization strategies will play crucial roles in determining market leadership over the forecast period. The increasing focus on safety and environmental regulations will also influence product development and adoption. Recent developments include: November 2022: Hitachi Construction Machinery appointed SMT as its new African dealer. SMT will sell and service Hitachi machines in 15 African countries and will focus on selling Hitachi Zaxis and EX series of excavators to the lucrative African mining sector., August 2022: Tadano Demag GmbH announced an order for 82 cranes from Expertise Contracting Company in Saudi Arabia., June 2022: Zoomlion Heavy Industry Science & Technology Co., Ltd. launched the ZE215E excavator at 23rd Buildexpo 2022, held in Nairobi, Kenya., March 2022: the Volvo Construction Equipment company launched its EC550E crawler excavator in the Middle East. The excavator is designed to work on large infrastructure projects with high production levels., March 2022: Bobcat launched eight variants of new 500 and 600 Series compact loader models for the Middle East and Africa region.. Notable trends are: Rising Infrastructure Spending to Drive the Growth of Construction Mining Equipment in Middle East and Africa.
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Copper Price in Kenya - 2022. Find the latest marketing data on the IndexBox platform.
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In 2023, cadmium imports into Kenya expanded sharply to 20 kg, with an increase of 5.3% against 2022 figures.
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The Kenyan durum wheat market expanded remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Durum wheat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
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In 2022, the Kenyan fresh pork cut market decreased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a pronounced decline. Fresh pork cut consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
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The Kenyan copper market reduced slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.
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In 2024, after two years of decline, there was growth in the Kenyan tractor market, when its value increased by 3.1% to $2.4B. Overall, consumption saw a prominent increase. As a result, consumption attained the peak level of $2.5B. From 2022 to 2024, the growth of the market remained at a lower figure.
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The Kenyan market for fresh or chilled pig meat other than cuts or carcases declined modestly to $X in 2022, leveling off at the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.9% against 2020 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
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The Kenyan aluminium market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate a notable expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.
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In 2023, approx. 59 tons of nuts (prepared or preserved) were exported from Kenya; declining by -87.3% on 2022 figures.
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The Kenyan sugar cane market surged to $23.3B in 2024, with an increase of 53% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $30.4B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.
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The Kenyan maize (green) market declined to $24M in 2024, leveling off at the previous year. In general, consumption, however, recorded a significant increase. Over the period under review, the market attained the maximum level at $25M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.
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The Kenyan tomato puree market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.
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Price for Dried Cod, Whether or Not Salted in Kenya - 2022. Find the latest marketing data on the IndexBox platform.
In September 2024, the year-on-year food inflation in Kenya decreased to *** percent, the lowest during the period observed. Food prices have generally been following a decreasing trend in the country since March 2023. As a comparison, in October 2022, the food inflation rate was measured at **** percent.