Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.1 per unit in 2022, declining by -22.5% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 when the average import price increased by 56%. The import price peaked at $0.3 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.1 per unit), while the price for India amounted to $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.3%).

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.7 per unit in 2022, growing by 51% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 88%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($1.1 per unit), while the average price for exports to Rwanda stood at $1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+47.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya

In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into Kenya skyrocketed to 2.3M units, with an increase of 41% on the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones totaled $180K in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 20%. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs in 2022 and are likely to continue growth in the near future.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Kenya in 2022:

1. India (1200.2K units)
2. China (1124.3K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Kenya

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones exported from Kenya reduced sharply to 6K units, shrinking by -66.9% compared with the year before. In general, exports showed a precipitous curtailment. The smallest decline of -49.4% was in 2020. The exports peaked at 72K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones fell remarkably to $4.2K in 2022. Over the period under review, exports showed a precipitous curtailment. The smallest decline of -15% was in 2020. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at $12K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Kenya in 2022:

1. Rwanda (4.1K units)
2. Burundi (0.1K units)

Source: IndexBox Market Intelligence Platform