Price for Steel, Alloy; Angles, Shapes and Sections in Kenya - 2022
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in Kenya (CIF) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in Kenya (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in Kenya
- Exports of Steel, Alloy; Angles, Shapes and Sections in Kenya
Price for Steel, Alloy; Angles, Shapes and Sections in Kenya (CIF) - 2022
In 2022, the average import price for steel, alloy; angles, shapes and sectionses amounted to $595 per ton, reducing by -3.3% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2021 an increase of 22% against the previous year. The import price peaked at $655 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($6,304 per ton), while the price for China ($494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Angles, Shapes and Sections in Kenya (FOB) - 2022
In 2022, the average export price for steel, alloy; angles, shapes and sectionses amounted to $920 per ton, growing by 9.1% against the previous year. In general, the export price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 30%. As a result, the export price attained the peak level of $1,291 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($1,402 per ton), while the average price for exports to Burundi ($492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Angles, Shapes and Sections in Kenya
In 2022, imports of steel, alloy; angles, shapes and sectionses into Kenya rose slightly to 4K tons, with an increase of 1.7% against the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% 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 +46.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of steel, alloy; angles, shapes and sectionses contracted to $2.4M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.9% 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 +72.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $2.4M, and then shrank slightly in the following year.
| Import of Steel, Alloy; Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 261 | 364 | 882 | 1,139 | 63.4% |
| India | 127 | 184 | 582 | 630 | 70.5% |
| China | 1,345 | 681 | 764 | 426 | -31.8% |
| Others | 197 | 138 | 170 | 164 | -5.9% |
| Total | 1,930 | 1,366 | 2,398 | 2,359 | 6.9% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to Kenya in 2022:
- Egypt (2163.9 tons)
- China (861.9 tons)
- India (843.2 tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in Kenya
In 2022, overseas shipments of steel, alloy; angles, shapes and sectionses decreased by -19.8% to 6.1 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 303% against the previous year. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, alloy; angles, shapes and sectionses declined to $5.6K in 2022. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 371% against the previous year. As a result, the exports attained the peak of $19K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Alloy; Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1.5 | 6.6 | 2.3 | 2.3 | 15.3% |
| Democratic Republic of the Congo | 1.0 | 4.3 | 1.5 | 1.5 | 14.5% |
| South Sudan | N/A | 0.3 | 0.8 | 0.8 | 63.3% |
| Rwanda | 1.0 | 6.6 | 1.3 | 0.4 | -26.3% |
| Burundi | 0.3 | 1.1 | 0.3 | 0.3 | 0.0% |
| Uganda | 0.3 | 0.4 | 0.1 | 0.1 | -30.7% |
| Others | N/A | N/A | N/A | 0.3 | 0% |
| Total | 4.1 | 19.3 | 6.4 | 5.6 | 11.0% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from Kenya in 2022:
- Democratic Republic of the Congo (2393.0 kg)
- Tanzania (1927.0 kg)
- South Sudan (646.0 kg)
- Burundi (518.0 kg)
- Rwanda (291.0 kg)
- Uganda (260.0 kg)
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