Price for Steel, Stainless; Ingots and Other Primary Forms in Kenya - 2022
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Kenya (CIF) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Kenya
Price for Steel, Stainless; Ingots and Other Primary Forms in Kenya (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $2,782 per ton in 2022, growing by 16% against the previous year. In general, the import price, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 an increase of 139%. Over the period under review, average import prices hit record highs at $12,024 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.8% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Kenya
In 2022, imports of steel, stainless; ingots and other primary formses into Kenya contracted to 2.6 tons, falling by -9.4% against 2021 figures. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 73,050%. As a result, imports attained the peak of 2.9 tons, and then declined in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses rose significantly to $7.4K in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 174,600% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 7.4 | 0% |
| United Kingdom | 0.1 | N/A | 2.0 | N/A | 347.2% |
| India | N/A | N/A | 0.2 | N/A | 0% |
| South Africa | 0.3 | N/A | 3.9 | N/A | 260.6% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 0.4 | N/A | 7.0 | 7.4 | 164.5% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Kenya in 2022:
- China (2.6 tons)
31
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Kenya.
382
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Kenya.
19
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
4759
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
31
This report provides an in-depth analysis of the market for stainless steel in ingots or other primary forms in Kenya.
19
This report provides an in-depth analysis of the global market for stainless steel in ingots or other primary forms.
299
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2419
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
803
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1118
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
839
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
801
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
