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Kenya’s smartphone market sees shipments increase despite global shortages, report

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21/06/2022
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Kenya’s smartphone market sees shipments increase despite global shortages, report

Kenya’s smartphone market saw shipments increase 4.5% year on year (YoY) in Q1 2022, according to the latest figures from global technology and consulting services firm International Data Corporation (IDC).

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However, the company’s newly released Quarterly Global Mobile Phone Tracker shows that Kenya’s overall mobile phone market was down 9.0% YoY, with feature phone shipments declining 31.6% YoY.

Smartphone shipments were up 12.7% from a quarter-on-quarter (QoQ) perspective in Q1 2022, thanks to the Kenyan shilling’s stabilization against the U.S. dollar, which helped facilitate imports by vendors. Demand remains high and the market is seeing sustained vendor activity, including aggressive marketing and advertising campaigns and new model launches.

Financing schemes for smartphone purchases are gaining traction in the market, and these played a significant role in helping consumers to acquire new devices during Q1 2022 even as rising inflation pushed the cost of devices up.

Smartphones accounted for 72.0% share of total mobile phone shipments across the country in Q1 2022, with the main vendors in this space successfully launching new models. Tecno led the way with 27.1% unit share, while Samsung (23.2%) and Safaricom (13.1%) placed second and third, respectively. Nokia, with its affordable C-series model, ranked fourth with 9.4% market share. The major players in the feature phone space were Tecno, with 36.5% unit share, Itel with 35.5%, and Nokia with 23.3%.

The average selling price (ASP) for smartphones increased 25.1% QoQ, which was mainly due to launches in the midrange and premium price bands. “Lower priced China brands — which for years have led a downward trend in ASPs — have been highly impacted by component shortages,” says George Mbuthia, a research analyst at IDC. “This downward trend for ASPs has now been reversed as vendors focus on pushing higher-value devices to maximize profit and as more flagship models feature 5G capabilities.”

In terms of price bands, the lower-end $0<$100 and $100-$200 segments saw shipments decline YoY in Q1 2022 as major vendors shifted their focus to midrange and high-end devices, with new models featuring bigger screens and 5G capabilities. The $200-$450 and >$450 price bands saw shipments increase YoY in Q1 2022 as a result of these new launches.

“The main product launches throughout 2022 will be of 5G-enabled devices, which will drive strong growth in the market’s value even though the total number of shipments is expected to decline,” says Ramazan Yavuz, a senior research manager with IDC. “Mobile financing schemes will grow fast, and their potential is enormous given rising ASPs and growing inflation in the market.”

Kenya’s smartphone market sees shipments increase despite global shortages, report

Source: African Business Communities
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