Price for Steel, Alloy; Semi-Finished Products in Kenya - 2021
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Kenya (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Kenya (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Kenya
- Exports of Steel, Alloy; Semi-Finished Products in Kenya
Price for Steel, Alloy; Semi-Finished Products in Kenya (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $6,721 per ton, rising by 68% against the previous year. In general, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 318%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($31,980 per ton), while the price for Saudi Arabia ($376 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Semi-Finished Products in Kenya (FOB) - 2022
In 2022, the average steel, alloy; semi-finished products export price amounted to $740 per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2017 an increase of 86% against the previous year. The export price peaked at $2,520 per ton in 2018; however, from 2019 to 2022, 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 Tanzania ($2,707 per ton), while the average price for exports to Uganda totaled $83 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+17.3%).
Imports of Steel, Alloy; Semi-Finished Products in Kenya
In 2022, approx. 4.2 tons of steel, alloy; semi-finished productses were imported into Kenya; waning by -63.7% on 2021. In general, imports recorded a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 435%. As a result, imports attained the peak of 12 tons, and then shrank sharply in the following year.
In value terms, steel, alloy; semi-finished products imports declined notably to $28K in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 355% against the previous year. As a result, imports reached the peak of $46K, and then fell dramatically in the following year.
| Import of Steel, Alloy; Semi-Finished Products in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.6 | 4.5 | 9.5 | 15.8 | 22.5% |
| United Kingdom | 4.3 | 4.3 | 27.1 | 9.6 | 30.7% |
| Saudi Arabia | 1.7 | 0.7 | 3.8 | 1.1 | -13.5% |
| Others | 1.0 | 0.7 | 5.9 | 1.6 | 17.0% |
| Total | 15.6 | 10.2 | 46.3 | 28.2 | 21.8% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Kenya in 2022:
- Saudi Arabia (3.1 tons)
- United Kingdom (0.6 tons)
- United States (0.5 tons)
Exports of Steel, Alloy; Semi-Finished Products in Kenya
In 2022, overseas shipments of steel, alloy; semi-finished productses decreased by -0.3% to 300 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 191% against the previous year.
In value terms, steel, alloy; semi-finished products exports shrank slightly to $222 in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year.
| Export of Steel, Alloy; Semi-Finished Products in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 124 | 178 | 203 | 203 | 17.9% |
| Uganda | 14.0 | 18.0 | 20.0 | 19.0 | 10.7% |
| South Sudan | N/A | 26.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 138 | 222 | 223 | 222 | 17.2% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Kenya in 2022:
- Uganda (225.0 kg)
- Tanzania (75.0 kg)
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