Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kenya - 2022

Contents:

1. Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kenya (CIF) - 2022
2. Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kenya

Price for Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kenya (CIF) - 2022

In 2022, the average import price for copper; cast, moulded, stamped or forged, but not further worked amounted to $3,237 per ton, waning by -53.9% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 152% against the previous year. As a result, import price reached the peak level of $13,186 per ton. From 2017 to 2022, the average import prices remained at a 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 the United Arab Emirates ($12,829 per ton), while the price for Morocco ($1,171 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the prices for the other major suppliers experienced a decline.

Imports of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked in Kenya

In 2022, approx. 5.2 tons of copper; cast, moulded, stamped or forged, but not further worked were imported into Kenya; with an increase of 180% against 2021. In general, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 347% against the previous year. As a result, imports reached the peak of 5.9 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of copper; cast, moulded, stamped or forged, but not further worked skyrocketed to $17K in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, imports reached the peak of $20K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Copper; Cast, Moulded, Stamped or Forged, But Not Further Worked to Kenya in 2022:

1. China (2362.0 kg)
2. India (1791.0 kg)
3. United Arab Emirates (771.0 kg)
4. Morocco (111.0 kg)
5. United Kingdom (98.0 kg)

Source: IndexBox Market Intelligence Platform