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Kenya - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingConcrete Reinforcing Bar Price in Kenya - 2021
Contents:
- Concrete Reinforcing Bar Price in Kenya (FOB) - 2022
- Concrete Reinforcing Bar Price in Kenya (CIF) - 2022
- Concrete Reinforcing Bar Exports in Kenya
- Concrete Reinforcing Bar Imports in Kenya
Concrete Reinforcing Bar Price in Kenya (FOB) - 2022
The average concrete reinforcing bar export price stood at $872 per ton in 2022, surging by 8.2% against the previous year. Over the period under review, the export price, however, showed a mild decline. The growth pace was the most rapid in 2021 an increase of 23%. The export price peaked at $960 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Tanzania ($983 per ton) and Rwanda ($945 per ton), while the average price for exports to Uganda ($741 per ton) and South Sudan ($758 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Concrete Reinforcing Bar Price in Kenya (CIF) - 2022
The average concrete reinforcing bar import price stood at $1,390 per ton in 2022, surging by 39% against the previous year. In general, the import price enjoyed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($1,812 per ton), while the price for South Africa ($524 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Concrete Reinforcing Bar Exports in Kenya
In 2022, the amount of concrete reinforcing bars exported from Kenya surged to 21K tons, jumping by 26% on 2021. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when exports increased by 102% against the previous year. As a result, the exports reached the peak of 35K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, concrete reinforcing bar exports skyrocketed to $19M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year. As a result, the exports reached the peak of $23M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Concrete Reinforcing Bar in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Rwanda | 7.2 | 14.4 | 5.9 | 7.5 | 1.4% |
Uganda | 4.0 | 2.6 | 0.9 | 3.8 | -1.7% |
Burundi | 2.0 | 2.1 | 3.3 | 3.3 | 18.2% |
Tanzania | N/A | N/A | 1.3 | 2.0 | 53.8% |
South Sudan | 0.3 | 3.1 | 1.5 | 1.5 | 71.0% |
Others | 0.6 | 0.6 | 0.7 | 0.5 | -5.9% |
Total | 14.1 | 22.9 | 13.6 | 18.5 | 9.5% |
Top Export Markets for Concrete Reinforcing Bar from Kenya in 2022:
- Rwanda (7.9K tons)
- Uganda (5.1K tons)
- Burundi (3.6K tons)
- Tanzania (2.1K tons)
- South Sudan (2.0K tons)
Concrete Reinforcing Bar Imports in Kenya
Concrete reinforcing bar imports into Kenya fell significantly to 259 tons in 2022, dropping by -32.9% on the year before. Over the period under review, imports continue to indicate a dramatic shrinkage. The smallest decline of -4.6% was in 2021.
In value terms, concrete reinforcing bar imports dropped to $360K in 2022. Overall, imports recorded a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year.
Import of Concrete Reinforcing Bar in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 988 | 227 | 244 | 272 | -34.9% |
Turkey | 87.0 | 52.6 | 41.3 | 33.1 | -27.5% |
China | 102 | 2.6 | 3.3 | 4.0 | -66.0% |
South Africa | 28.5 | 4.4 | 3.4 | 2.7 | -54.4% |
Uganda | 23.2 | 2.5 | 1.4 | 0.8 | -67.5% |
Others | 30.2 | 5.8 | 93.8 | 47.9 | 16.6% |
Total | 1,259 | 295 | 387 | 360 | -34.1% |
Top Suppliers of Concrete Reinforcing Bar to Kenya in 2022:
- Japan (202.3 tons)
- Turkey (36.5 tons)
- South Africa (5.1 tons)
- China (4.1 tons)
- Uganda (0.8 tons)
This report provides an in-depth analysis of the concrete reinforcing bar market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 2410T241 - Concrete reinforcing bars
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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