Price for Chain and Parts Thereof, of Iron or Steel in Kenya - 2022
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Kenya (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Kenya (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Kenya
- Exports of Chain and Parts Thereof, of Iron or Steel in Kenya
Price for Chain and Parts Thereof, of Iron or Steel in Kenya (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $2,099 per ton, with a decrease of -10.3% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $3,818 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($5,224 per ton), while the price for China ($1,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Chain and Parts Thereof, of Iron or Steel in Kenya (FOB) - 2022
The average export price for chain and parts thereof, of iron or steel stood at $3,184 per ton in 2022, with a decrease of -14.7% against the previous year. Overall, the export price, however, enjoyed a modest increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 97%. As a result, the export price attained the peak level of $4,194 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($9,069 per ton), while the average price for exports to Somalia ($449 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 South Sudan (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Kenya
In 2022, imports of chain and parts thereof, of iron or steel into Kenya expanded significantly to 2K tons, surging by 6.8% compared with 2021. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of chain and parts thereof, of iron or steel fell to $4.3M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22%.
| Import of Chain and Parts Thereof, of Iron or Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,085 | 1,916 | 1,879 | 1,910 | 20.7% |
| India | 758 | 538 | 1,226 | 1,099 | 13.2% |
| United Kingdom | 65.6 | 158 | 401 | 154 | 32.9% |
| Others | 1,144 | 1,113 | 983 | 1,120 | -0.7% |
| Total | 3,052 | 3,725 | 4,489 | 4,283 | 12.0% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Kenya in 2022:
- China (1596.1 tons)
- India (328.0 tons)
- United Kingdom (29.5 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Kenya
In 2022, approx. 11 tons of chain and parts thereof, of iron or steel were exported from Kenya; reducing by -58.7% compared with the previous year. Over the period under review, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 100%.
In value terms, exports of chain and parts thereof, of iron or steel dropped rapidly to $35K in 2022. In general, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 181% against the previous year.
| Export of Chain and Parts Thereof, of Iron or Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 0.9 | 1.5 | 0.5 | 13.1 | 144.2% |
| Democratic Republic of the Congo | 53.3 | 7.5 | 36.7 | 7.0 | -49.2% |
| Mozambique | 10.4 | 2.0 | 13.1 | 4.6 | -23.8% |
| Rwanda | 4.3 | 0.9 | 8.7 | 2.5 | -16.5% |
| Burundi | N/A | 0.1 | N/A | 1.0 | 216.2% |
| Tanzania | 24.0 | 0.5 | 0.5 | 0.9 | -66.5% |
| Uganda | 7.4 | 16.2 | 7.0 | 0.7 | -54.4% |
| Others | 10.7 | 2.2 | 20.7 | 5.3 | -20.9% |
| Total | 111 | 31.0 | 87.2 | 35.2 | -31.8% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Kenya in 2022:
- Democratic Republic of the Congo (4.4 tons)
- Mozambique (2.9 tons)
- South Sudan (1.8 tons)
- Uganda (0.6 tons)
- Rwanda (0.3 tons)
- Burundi (0.2 tons)
- Tanzania (0.1 tons)
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