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Kenya - Iron or Steel Wire Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Wire Product in Kenya - 2021
Contents:
- Price for Iron or Steel Wire Product in Kenya (CIF) - 2022
- Price for Iron or Steel Wire Product in Kenya (FOB) - 2022
- Imports of Iron or Steel Wire Product in Kenya
- Exports of Iron or Steel Wire Product in Kenya
Price for Iron or Steel Wire Product in Kenya (CIF) - 2022
In 2021, the average import price for iron or steel wire products amounted to $1,993 per ton, growing by 39% against the previous year. Overall, the import price, however, showed a noticeable decrease. Over the period under review, average import prices attained the peak figure at $3,849 per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,006 per ton), while the price for China ($846 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel Wire Product in Kenya (FOB) - 2022
The average export price for iron or steel wire products stood at $1,399 per ton in 2021, surging by 6.2% against the previous year. In general, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 76%. The export price peaked at $3,486 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Sudan ($10,420 per ton), while the average price for exports to the Netherlands ($607 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Wire Product in Kenya
In 2022, purchases abroad of iron or steel wire products was finally on the rise to reach 2.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt setback.
In value terms, iron or steel wire product imports soared to $3.9M in 2022. In general, imports, however, recorded a abrupt descent.
Import of Iron or Steel Wire Product in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 1,471 | 2,664 | 2,164 | 21.3% | |
India | 396 | 678 | 337 | -7.7% | |
South Africa | 197 | 352 | 29.6 | -61.2% | |
United Kingdom | 727 | 865 | 1.8 | -95.0% | |
Others | 2,973 | 626 | 146 | -77.8% | |
Total | 5,765 | 5,186 | 2,678 | -31.8% |
Top Suppliers of Iron or Steel Wire Product to Kenya in 2022:
- China (2556.8 tons)
- India (208.7 tons)
- South Africa (6.8 tons)
- United Kingdom (0.9 tons)
Exports of Iron or Steel Wire Product in Kenya
After two years of decline, overseas shipments of iron or steel wire products increased by 10% to 459 tons in 2022. Overall, exports, however, continue to indicate a deep setback.
In value terms, iron or steel wire product exports rose sharply to $621K in 2022. Over the period under review, exports, however, showed a abrupt slump.
Export of Iron or Steel Wire Product in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Uganda | 8.6 | 17.5 | 490 | 654.8% | |
South Sudan | 4.8 | 2.8 | 31.4 | 155.8% | |
Netherlands | 4.6 | 3.8 | 29.1 | 151.5% | |
United States | 2.8 | 3.0 | 23.1 | 187.2% | |
Burundi | 0.2 | 0.2 | 7.0 | 491.6% | |
Belgium | 73.7 | 64.1 | N/A | -13.0% | |
Democratic Republic of the Congo | 2.9 | 3.8 | N/A | 31.0% | |
Others | 743 | 563 | 2.7 | -94.0% | |
Total | 840 | 659 | 583 | -16.7% |
Top Export Markets for Iron or Steel Wire Product from Kenya in 2022:
- Uganda (77.0 tons)
- Netherlands (48.0 tons)
- United States (4.2 tons)
- South Sudan (3.0 tons)
- Burundi (2.7 tons)
This report provides an in-depth analysis of the market for iron or steel wire product in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992925 - Finished products of iron/steel wire, snares, traps, etc., fodder ties, animal nose rings, mattress hooks, butchers
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for iron or steel wire product in Kenya.
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Explore the top import markets for steel and iron articles in the world. Learn about the key countries driving the global trade of these essential materials.
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