Price for Steel, Stainless; Angles, Shapes and Sections in Kenya - 2022
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Kenya (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in Kenya (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Kenya
- Exports of Steel, Stainless; Angles, Shapes and Sections in Kenya
Price for Steel, Stainless; Angles, Shapes and Sections in Kenya (CIF) - 2022
In 2022, the average import price for steel, stainless amounted to $3,709 per ton, with an increase of 57% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 an increase of 69%. The import price peaked at $5,533 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($12,116 per ton), while the price for Uganda ($1,445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+32.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in Kenya (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $5,817 per ton, increasing by 40% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 155% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($31,600 per ton), while the average price for exports to Democratic Republic of the Congo ($5,240 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 Uganda (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Kenya
In 2022, purchases abroad of steel, stainless decreased by -51.3% to 42 tons, falling for the second consecutive year after two years of growth. In general, imports saw a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 525 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, stainless contracted rapidly to $154K in 2022. Over the period under review, imports faced a precipitous decrease. The growth pace was the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $742K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steel, Stainless; Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 150 | 66.4 | 39.0 | 34.0 | -39.0% |
| India | 29.2 | 37.5 | 62.9 | 29.0 | -0.2% |
| Uganda | 10.6 | 9.3 | 15.1 | 24.0 | 31.3% |
| United Arab Emirates | 31.5 | 24.4 | 24.1 | 20.2 | -13.8% |
| China | 386 | 565 | 37.0 | 19.0 | -63.4% |
| Others | 40.6 | 39.6 | 46.2 | 27.5 | -12.2% |
| Total | 648 | 742 | 224 | 154 | -38.1% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Kenya in 2022:
- Uganda (16.6 tons)
- China (10.8 tons)
- India (7.6 tons)
- Egypt (3.2 tons)
- United Arab Emirates (1.7 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Kenya
For the third consecutive year, Kenya recorded decline in overseas shipments of steel, stainless, which decreased by -34.1% to 1.1 tons in 2022. In general, exports recorded a sharp shrinkage. The smallest decline of -10.7% was in 2021.
In value terms, exports of steel, stainless rose notably to $6.4K in 2022. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 14%.
| Export of Steel, Stainless; Angles, Shapes and Sections in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 12.0 | 1.5 | 4.9 | 5.5 | -22.9% |
| Burundi | 0.7 | 0.1 | 0.3 | 0.4 | -17.0% |
| Rwanda | 0.4 | 0.1 | 0.2 | 0.3 | -9.1% |
| Others | 0.6 | 3.3 | 0.2 | 0.2 | -30.7% |
| Total | 13.7 | 5.0 | 5.7 | 6.4 | -22.4% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Kenya in 2022:
- Democratic Republic of the Congo (1045.0 kg)
- Rwanda (43.0 kg)
- Burundi (42.0 kg)
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