Price for Winding Wire of Copper in Kenya - 2021
Contents:
- Price for Winding Wire of Copper in Kenya (CIF) - 2022
- Price for Winding Wire of Copper in Kenya (FOB) - 2022
- Imports of Winding Wire of Copper in Kenya
- Exports of Winding Wire of Copper in Kenya
Price for Winding Wire of Copper in Kenya (CIF) - 2022
The average winding wire of copper import price stood at $4,303 per ton in 2022, declining by -16.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $9,472 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($6,018 per ton), while the price for Belgium ($1,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Winding Wire of Copper in Kenya (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $7,392 per ton, which is down by -11% against the previous year. Over the period under review, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2018 an increase of 44%. The export price peaked at $8,814 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($10,617 per ton), while the average price for exports to South Sudan ($925 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 Burundi (+4.4%), while the prices for the other major destinations experienced a decline.
Imports of Winding Wire of Copper in Kenya
In 2022, overseas purchases of winding wire of coppers increased by 19% to 539 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a deep setback.
In value terms, winding wire of copper imports declined slightly to $2.3M in 2022. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 0.2%.
| Import of Winding Wire of Copper in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,097 | 931 | 988 | 1,234 | 4.0% |
| India | 333 | 489 | 350 | 655 | 25.3% |
| Egypt | 609 | 492 | 554 | 211 | -29.8% |
| Spain | 314 | 162 | 164 | 64.1 | -41.1% |
| Belgium | 139 | 109 | 65.1 | 25.7 | -43.0% |
| United Arab Emirates | 159 | 4.7 | 21.5 | 25.2 | -45.9% |
| Others | 288 | 130 | 180 | 105 | -28.6% |
| Total | 2,939 | 2,318 | 2,322 | 2,320 | -7.6% |
Top Suppliers of Winding Wire of Copper to Kenya in 2022:
- China (336.7 tons)
- India (108.9 tons)
- Egypt (35.0 tons)
- Belgium (16.8 tons)
- Spain (11.6 tons)
- United Arab Emirates (10.7 tons)
Exports of Winding Wire of Copper in Kenya
Winding wire of copper exports from Kenya soared to 62 tons in 2022, rising by 113% against the year before. In general, exports, however, showed a abrupt decrease.
In value terms, winding wire of copper exports skyrocketed to $459K in 2022. Over the period under review, exports, however, showed a deep contraction.
| Export of Winding Wire of Copper in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 448 | 538 | 150 | 284 | -14.1% |
| Seychelles | 74.0 | 75.9 | 58.9 | 107 | 13.1% |
| Burundi | 1.1 | 1.0 | 0.6 | 10.3 | 110.8% |
| Uganda | 12.6 | 10.4 | 6.5 | 9.5 | -9.0% |
| Rwanda | 1.5 | 2.3 | 4.1 | 6.9 | 66.3% |
| South Sudan | 2.7 | 1.8 | 0.6 | 2.6 | -1.3% |
| Democratic Republic of the Congo | 0.6 | 0.7 | 0.6 | 1.1 | 22.4% |
| Others | 27.3 | 44.6 | 21.3 | 38.0 | 11.7% |
| Total | 568 | 675 | 243 | 459 | -6.9% |
Top Export Markets for Winding Wire of Copper from Kenya in 2022:
- Tanzania (27.6 tons)
- Seychelles (24.7 tons)
- South Sudan (2.8 tons)
- Uganda (2.1 tons)
- Rwanda (1.3 tons)
- Burundi (1.0 tons)
- Democratic Republic of the Congo (0.9 tons)
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