Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $630 per ton, dropping by -5.8% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, average import prices attained the peak figure at $668 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($48,101 per ton), while the price for the United Arab Emirates ($583 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $190 per ton in 2022, approximately mirroring the previous year. In general, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 2.5% against the previous year. Over the period under review, the average export prices reached the maximum at $717 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($1,250 per ton), while the average price for exports to Rwanda ($99 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 Zambia (+5.3%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
In 2022, approx. 29K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Kenya; falling by -38.4% on the year before. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 330%. As a result, imports attained the peak of 47K tons, and then contracted dramatically in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses reduced sharply to $18M in 2022. In general, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 519%. As a result, imports reached the peak of $31M, and then contracted markedly in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.8 | 4.1 | 27.5 | 16.3 | 33.8% |
| China | 11.6 | 0.9 | 2.4 | 1.2 | -53.1% |
| Turkey | 0.6 | 0.1 | 1.0 | 0.5 | -5.9% |
| Others | 0.2 | N/A | 0.4 | 0.1 | -20.6% |
| Total | 19.2 | 5.0 | 31.2 | 18.1 | -1.9% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Kenya in 2022:
- United Arab Emirates (27.9K tons)
- Turkey (0.9K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya
In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -8.3% to 68 tons. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of 75 tons, and then reduced in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank to $13K in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | N/A | N/A | N/A | 6.2 | 0% |
| Burundi | 6.5 | 9.5 | 10.9 | 4.1 | -14.2% |
| Tanzania | 0.6 | 1.2 | 1.9 | 1.4 | 32.6% |
| Rwanda | 0.7 | 0.9 | 0.8 | 0.3 | -24.6% |
| Uganda | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Somalia | 1.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Total | 10.1 | 11.9 | 14.1 | 13.0 | 8.8% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Kenya in 2022:
- Democratic Republic of the Congo (41.6 tons)
- Burundi (16.0 tons)
- Tanzania (6.7 tons)
- Rwanda (2.6 tons)
- Uganda (0.7 tons)
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