Price for Iron and Non-Alloy Steel in Ingot in Kenya - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Kenya (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Kenya (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Kenya
- Exports of Iron and Non-Alloy Steel in Ingot in Kenya
Price for Iron and Non-Alloy Steel in Ingot in Kenya (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $491 per ton, growing by 1.9% against the previous year. In general, the import price, however, recorded a slight descent. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, average import prices reached the peak figure at $593 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Malawi.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +24.0% per year.
Price for Iron and Non-Alloy Steel in Ingot in Kenya (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $411 per ton, almost unchanged from the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64% against the previous year. As a result, the export price reached the peak level of $1,683 per ton. From 2014 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 ($1,403 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $383 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Iron and Non-Alloy Steel in Ingot in Kenya
In 2022, supplies from abroad of iron and non-alloy steel in ingots was finally on the rise to reach 995 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a slight shrinkage.
In value terms, imports of iron and non-alloy steel in ingots reached $489K in 2022. In general, imports, however, continue to indicate a pronounced contraction.
| Import of Iron and Non-Alloy Steel in Ingot in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | N/A | N/A | N/A | 68.8 | 0% |
| South Africa | 506 | 475 | 444 | N/A | -6.3% |
| China | 11.3 | 10.5 | 13.0 | N/A | 7.3% |
| Others | 19.5 | 18.6 | 16.7 | 420 | 178.2% |
| Total | 537 | 504 | 473 | 489 | -3.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Kenya in 2022:
- Malawi (99.0 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Kenya
In 2022, exports of iron and non-alloy steel in ingots from Kenya surged to 2K tons, increasing by 4,018% against the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron and non-alloy steel in ingots soared to $802K in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron and Non-Alloy Steel in Ingot in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 0.2 | 0.2 | 0.1 | 44.2 | 504.6% |
| Rwanda | 4.6 | 5.4 | 8.5 | 16.4 | 52.8% |
| Burundi | 3.6 | 5.2 | 10.2 | N/A | 68.3% |
| Mozambique | N/A | 5.4 | N/A | N/A | 0% |
| South Africa | 4.7 | 1.3 | 0.5 | N/A | -67.4% |
| Others | 1.7 | 0.1 | 0.1 | 741 | 658.2% |
| Total | 14.8 | 17.7 | 19.5 | 802 | 278.4% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Kenya in 2022:
- Democratic Republic of the Congo (115.6 tons)
- Rwanda (11.7 tons)
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