Price for Nickel; Bars, Rods, Profiles and Wire in Kenya - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Kenya (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Kenya (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Kenya
- Exports of Nickel; Bars, Rods, Profiles and Wire in Kenya
Price for Nickel; Bars, Rods, Profiles and Wire in Kenya (CIF) - 2022
In 2022, the average import price for nickel; bars, rods, profiles and wires amounted to $22,242 per ton, picking up by 26% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nickel; bars, rods, profiles and wires increased by +78.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 27%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($21,171 per ton), while the price for China stood at $10,656 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%).
Price for Nickel; Bars, Rods, Profiles and Wire in Kenya (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $5,865 per ton, reducing by -1.8% against the previous year. Overall, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2021 an increase of 58%. As a result, the export price reached the peak level of $5,974 per ton, and then fell slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Rwanda.
From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +12.4% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Kenya
In 2022, imports of nickel; bars, rods, profiles and wires into Kenya soared to 11 tons, rising by 58% on the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.2% against 2020 indices.
In value terms, imports of nickel; bars, rods, profiles and wires skyrocketed to $243K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Nickel; Bars, Rods, Profiles and Wire in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 123 | 163 | 105 | 220 | 21.4% |
| China | 0.8 | 1.2 | 1.7 | 2.0 | 35.7% |
| Others | 10.2 | 13.9 | 15.3 | 20.8 | 26.8% |
| Total | 134 | 178 | 122 | 243 | 21.9% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Kenya in 2022:
- India (10.4 tons)
- China (0.2 tons)
Exports of Nickel; Bars, Rods, Profiles and Wire in Kenya
In 2022, shipments abroad of nickel; bars, rods, profiles and wires decreased by -5.1% to 37 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 8.2% against the previous year. As a result, the exports reached the peak of 66 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of nickel; bars, rods, profiles and wires shrank to $217 in 2022. In general, exports saw a deep reduction. The smallest decline of -6.4% was in 2021.
| Export of Nickel; Bars, Rods, Profiles and Wire in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 94.0 | 144 | 233 | 217 | 32.2% |
| Malawi | N/A | 13.0 | N/A | N/A | 0% |
| Uganda | N/A | 92.0 | N/A | N/A | 0% |
| Tanzania | 175 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 269 | 249 | 233 | 217 | -6.9% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Kenya in 2022:
- Rwanda (37.0 kg)
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