Over the years, the Kenyan government has supported small-scale enterprises through the jua kali sector. Through this sector, the Kenyan market is now in an abundance of locally produced equipment and machinery thanks to this sector. However, several factors contribute to the pricing of different commodities produced by this sector.
In this article, we shall go through a number of them.
Price Contributing Factors
These are why a certain commodity, for example, a chips fryer, is sold at a certain amount. They include;
Government policy
Due to the government support of this business, the price of different commodities is mainly determined by how favorable the policy is to the manufacturer. For instance, if the government poses a certain percentage of tax on a product, the manufacturer will have to alter the cost of their products to fit with the government regulations.
However, the government may also reduce or remove taxation on certain commodities making the producers lower the commodity’s price; this will also lead to the fluctuation of prices of the product already available in the market.
Availability of Raw Materials
The cost of production of any commodity greatly affects the price at which it will be sold to the final consumers. However, this cost of production depends on how available the raw material are and how easily they can be accessed. In the jua kali industry, the availability of raw materials to make a fryer is one of the main reasons why the Jua kali chips fryer price in Kenya is where they are in the market.
The demand for the commodity
Due to the availability of ready markets in Kenya, the cost of just kali products has been rising, especially because the products are high quality and much cheaper than the imported ones.
However, if the demand for the product goes low, the producer may have to reduce their price to ensure that they can compete well in the market and at least makes a sale at the end of the day.
Work Output and Efficiency
Bearing that the products are locally produced, the citizens have shown great interest in the products as they describe them as efficient and reliable. In addition, jua kali fryers come in different holding capabilities, domestic to industrial or heavy-duty quantities, and are easy to operate and very safe. It is due to these factors that have made the prices of most jua kali products increase.
Mode of Operation
Jua kali fryers come in two main modes: the electrical system and the wood/charcoal system. It is due to the difference that we have different prices where the electrical system may be expensive, which is also contributed to by its sophisticated system.
Quantity to Hold
In addition, these fryers may differ in price due to the difference in the amount each can hold. Whereby the more that the fryer can have, the much more it costs in terms of price
Conclusion
In conclusion, it’s easy now to be aware of what makes all the difference in terms of prices on the jua kali fryers. In addition, it won’t be a surprise if you find these are the same contributing factors to many other jua kali products’ price differences.
