Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $698 per ton in 2022, dropping by -41.8% against the previous year. Over the period under review, the import price, however, posted modest growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42%. The import price peaked at $1,198 per ton in 2021, and then contracted sharply in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,016 per ton), while the price for Malawi totaled $695 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $1,576 per ton, surging by 79% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +55.2% per year.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya
For the third consecutive year, Kenya recorded decline in overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -22.5% to 100 tons in 2022. In general, imports saw a precipitous curtailment.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell dramatically to $70K in 2022. Overall, imports showed a sharp shrinkage. The smallest decline of -34.6% was in 2021.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malawi | N/A | N/A | N/A | 68.8 | 0% |
| South Africa | 328 | 222 | 150 | N/A | -32.4% |
| China | 27.0 | 11.9 | 3.3 | N/A | -65.0% |
| Others | 6.4 | 2.2 | 1.3 | 0.9 | -48.0% |
| Total | 361 | 236 | 154 | 69.7 | -42.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Kenya in 2022:
- Malawi (99.0 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya
In 2022, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Kenya soared to 28 tons, picking up by 1,146% compared with 2021. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $44K in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 44.2 | 0% |
| Uganda | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Burundi | 1.4 | 0.4 | 1.9 | N/A | 16.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 0.4 | 2.0 | 44.2 | 208.9% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Kenya in 2022:
- Democratic Republic of the Congo (28.1 tons)
374
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Kenya.
980
This report provides an in-depth analysis of the iron and steel market in Kenya.
486
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4728
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
1111
This report provides an in-depth analysis of the global iron and steel market.
374
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Kenya.
486
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4728
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
287
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2402
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
793
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1105
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
830
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
791
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
211
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
287
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2402
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
793
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
