Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya - 2022

Contents:

1. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya (CIF) - 2022
2. Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya (FOB) - 2022
3. Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya
4. Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of tinned iron or steels amounted to $517 per ton, growing by 71% against the previous year. In general, the import price saw a noticeable increase. The most prominent rate of growth was recorded in 2015 an increase of 130% against the previous year. As a result, import price reached the peak level of $1,167 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($612 per ton), while the price for the UK amounted to $507 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%), while the prices for the other major suppliers experienced a decline.

Price for Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya (FOB) - 2022

The average export price for ferrous waste and scrap; of tinned iron or steels stood at $263 per ton in 2022, falling by -12.1% against the previous year. In general, the export price showed a slight reduction. The pace of growth was the most pronounced in 2014 an increase of 57% against the previous year. As a result, the export price attained the peak level of $500 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uganda.

From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to -1.6% per year.

Imports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya

In 2022, the amount of ferrous waste and scrap; of tinned iron or steels imported into Kenya skyrocketed to 8.6K tons, picking up by 21,281% against 2021 figures. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ferrous waste and scrap; of tinned iron or steels soared to $4.4M in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ferrous Waste and Scrap; of Tinned Iron or Steel to Kenya in 2022:

1. United Kingdom (7.5K tons)
2. Poland (1.0K tons)

Exports of Ferrous Waste and Scrap; of Tinned Iron or Steel in Kenya

Exports of ferrous waste and scrap; of tinned iron or steels from Kenya rose modestly to 59K tons in 2022, with an increase of 1.8% against the year before. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.0% 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 -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. As a result, the exports reached the peak of 60K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ferrous waste and scrap; of tinned iron or steels fell to $16M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 70% against the previous year.

Top Export Markets for Ferrous Waste and Scrap; of Tinned Iron or Steel from Kenya in 2022:

1. Uganda (59.3K tons)

Source: IndexBox Market Intelligence Platform