Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya - 2022
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (FOB) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (FOB) - 2022
The average export price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses stood at $1,262 per ton in 2022, falling by -1.7% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $3,013 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($1,674 per ton), while the average price for exports to Democratic Republic of the Congo ($851 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+27.8%).
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with non-zinc base metalses amounted to $1,243 per ton, waning by -46.7% against the previous year. Overall, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of 244% against the previous year. As a result, import price attained the peak level of $2,333 per ton, and then shrank sharply in the following year.
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 Germany ($5,920 per ton), while the price for China ($1,047 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya
In 2022, approx. 74 tons of iron or non-alloy steel wire, plated or coated with non-zinc base metalses were exported from Kenya; growing by 127% against 2021. Over the period under review, exports recorded significant growth. 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 wire, plated or coated with non-zinc base metalses skyrocketed to $93K in 2022. Overall, exports recorded significant growth. 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 Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | N/A | 56.4 | 0% | |
| Democratic Republic of the Congo | N/A | N/A | 29.6 | 0% | |
| Rwanda | 39.8 | 41.6 | 4.7 | -65.6% | |
| Others | N/A | 0.2 | 2.7 | 1250.0% | |
| Total | 39.8 | 41.8 | 93.4 | 53.2% | |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals from Kenya in 2022:
- United States (36.3 tons)
- Democratic Republic of the Congo (34.8 tons)
- Rwanda (2.8 tons)
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya
In 2022, after three years of growth, there was significant decline in purchases abroad of iron or non-alloy steel wire, plated or coated with non-zinc base metalses, when their volume decreased by -94% to 22 tons. In general, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 46%.
In value terms, imports of iron or non-alloy steel wire, plated or coated with non-zinc base metalses contracted rapidly to $27K in 2022. Over the period under review, imports saw a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 276% against the previous year. As a result, imports reached the peak of $860K, and then dropped dramatically in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 160 | 159 | 727 | 18.9 | -50.9% |
| India | 9.2 | 15.0 | 1.5 | 5.2 | -17.3% |
| Germany | 0.1 | N/A | 8.2 | 2.4 | 188.4% |
| Indonesia | N/A | N/A | 122 | N/A | 0% |
| Egypt | N/A | 54.0 | N/A | N/A | 0% |
| Others | 6.7 | 0.9 | 0.3 | 0.8 | -50.8% |
| Total | 176 | 229 | 860 | 27.3 | -46.3% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Non-Zinc Base Metals to Kenya in 2022:
- China (18.1 tons)
- India (3.5 tons)
- Germany (0.4 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Kenya.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Kenya.
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This report provides an in-depth analysis of the market for iron and steel wire in Kenya.
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