Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya - 2022

Contents:

1. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya (CIF) - 2022
2. Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya (FOB) - 2022
3. Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya
4. Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of iron or steel stood at $27 per unit in 2022, rising by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. The import price peaked at $27 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 South Korea ($84 per unit), while the price for China ($8.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya (FOB) - 2022

The average export price for containers for compressed or liquefied gas, of iron or steel stood at $15 per unit in 2022, approximately reflecting the previous year. Over the period under review, the export price enjoyed a measured expansion. The growth pace was the most rapid in 2014 an increase of 54%. The export price peaked at $32 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($34 per unit), while the average price for exports to South Africa ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+24.7%), while the prices for the other major destinations experienced a decline.

Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya

In 2022, approx. 230K units of containers for compressed or liquefied gas, of iron or steel were imported into Kenya; waning by -37.6% on the previous year. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 99.9% against the previous year. Over the period under review, imports of hit record highs at 409K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel dropped rapidly to $6.2M in 2022. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 147%. As a result, imports attained the peak of $8.8M, and then contracted sharply in the following year.

Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Kenya in 2022:

1. Thailand (93.7K units)
2. Lebanon (29.1K units)
3. South Korea (27.5K units)
4. China (24.0K units)
5. Turkey (16.1K units)
6. France (7.0K units)
7. India (4.3K units)

Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Kenya

Exports of containers for compressed or liquefied gas, of iron or steel from Kenya expanded rapidly to 179K units in 2022, increasing by 9.6% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 167% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel rose rapidly to $2.8M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 149% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Kenya in 2022:

1. Uganda (69.4K units)
2. Rwanda (30.1K units)
3. India (27.5K units)
4. Tanzania (27.1K units)
5. Somalia (8.6K units)
6. Bangladesh (5.6K units)
7. Zambia (5.1K units)

Source: IndexBox Market Intelligence Platform