Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya - 2022
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (FOB) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (CIF) - 2022
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $994 per ton, declining by -23.3% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 324%. As a result, the export price attained the peak level of $7,914 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($2,851 per ton), while the average price for exports to Democratic Republic of the Congo ($985 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 Rwanda (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (CIF) - 2022
The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $3,460 per ton in 2022, jumping by 85% against the previous year. In general, the import price recorded a temperate increase. Over the period under review, average import prices reached the peak figure at $3,604 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($11,691 per ton), while the price for Uganda ($1,010 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya
In 2022, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses were finally on the rise to reach 1.3K tons after two years of decline. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses soared to $1.3M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.7 | 0.4 | N/A | 1,285 | 1124.4% |
| Rwanda | 64.3 | 3.6 | 2.5 | 10.8 | -44.8% |
| Uganda | 23.7 | 10.4 | 0.7 | 3.3 | -48.2% |
| Slovakia | N/A | 278 | N/A | N/A | 0% |
| Others | 0.3 | 1.2 | 2.3 | 5.6 | 165.3% |
| Total | 89.0 | 293 | 5.6 | 1,305 | 144.8% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Kenya in 2022:
- Democratic Republic of the Congo (1305.0 tons)
- Rwanda (3.8 tons)
- Uganda (1.6 tons)
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya
In 2022, the amount of stainless steel bars and rods, angles, shapes and sectionses imported into Kenya declined dramatically to 255 tons, waning by -65.6% against 2021. In general, imports faced a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 8.7% against the previous year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses reduced remarkably to $883K in 2022. Over the period under review, imports recorded a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,574 | 207 | 334 | 490 | -32.2% |
| China | 4,759 | 564 | 929 | 192 | -65.7% |
| Netherlands | N/A | 0.7 | N/A | 86.9 | 1014.2% |
| Turkey | 16.0 | N/A | 19.3 | 46.9 | 43.1% |
| Uganda | 98.4 | N/A | 22.4 | 28.3 | -34.0% |
| Egypt | 960 | N/A | N/A | N/A | 0% |
| Others | 1,012 | 58.7 | 82.2 | 39.2 | -66.2% |
| Total | 8,419 | 830 | 1,387 | 883 | -52.8% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Kenya in 2022:
- India (119.7 tons)
- China (80.4 tons)
- Uganda (28.0 tons)
- Turkey (14.7 tons)
- Netherlands (7.4 tons)
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