Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya - 2023
Contents:
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (CIF) - 2022
- Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (FOB) - 2022
- Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya
- Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (CIF) - 2022
The average import price for tube or pipe butt welding fittings of stainless steels stood at $14,834 per ton in 2022, surging by 125% against the previous year. In general, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 202% against the previous year. As a result, import price attained the peak level of $32,832 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
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 South Korea ($90,333 per ton), while the price for Malaysia ($3,471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (FOB) - 2022
The average export price for tube or pipe butt welding fittings of stainless steels stood at $12,875 per ton in 2022, with an increase of 69% against the previous year. In general, the export price posted measured growth. Over the period under review, the average export prices attained the maximum at $14,125 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($12,943 per ton), while the average price for exports to Rwanda ($1,000 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 (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya
After three years of growth, supplies from abroad of tube or pipe butt welding fittings of stainless steels decreased by -60.2% to 36 tons in 2022. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports attained the peak of 91 tons, and then reduced notably in the following year.
In value terms, imports of tube or pipe butt welding fittings of stainless steels fell to $536K in 2022. The total import value increased at an average annual rate of +6.7% over the period 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 50%. As a result, imports reached the peak of $662K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 11.3 | 1.6 | 130 | 129 | 125.2% |
| Denmark | 27.2 | 31.4 | 29.0 | 74.5 | 39.9% |
| Malaysia | 0.2 | 2.4 | 66.6 | 51.6 | 536.6% |
| United States | 16.8 | 31.9 | 30.6 | 36.6 | 29.6% |
| China | 266 | 379 | 161 | 27.2 | -53.2% |
| India | 27.7 | 61.3 | 35.1 | 23.7 | -5.1% |
| Iran | N/A | N/A | 69.0 | N/A | 0% |
| Others | 92.5 | 155 | 77.7 | 193 | 27.8% |
| Total | 441 | 662 | 599 | 536 | 6.7% |
Top Suppliers of Tube or Pipe Butt Welding Fittings of Stainless Steel to Kenya in 2022:
- Malaysia (14.9 tons)
- United Arab Emirates (14.4 tons)
- United States (1.7 tons)
- China (1.6 tons)
- Denmark (1.3 tons)
- India (1.2 tons)
Exports of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya
In 2022, shipments abroad of tube or pipe butt welding fittings of stainless steels was finally on the rise to reach 296 kg after two years of decline. Over the period under review, exports, however, continue to indicate a precipitous setback.
In value terms, exports of tube or pipe butt welding fittings of stainless steels soared to $3.8K in 2022. In general, exports, however, continue to indicate a sharp decrease.
| Export of Tube or Pipe Butt Welding Fittings of Stainless Steel in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 10.0 | 2.6 | 0.6 | 3.6 | -28.9% |
| Tanzania | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Rwanda | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Italy | N/A | 0.6 | N/A | N/A | 0% |
| Others | 1.0 | N/A | N/A | N/A | 0% |
| Total | 11.5 | 3.6 | 0.6 | 3.8 | -30.9% |
Top Export Markets for Tube or Pipe Butt Welding Fittings of Stainless Steel from Kenya in 2022:
- Uganda (282.0 kg)
- Tanzania (13.0 kg)
- Rwanda (1.0 kg)
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