Price for Winding Wire, Other than of Copper in Kenya - 2022
Contents:
- Price for Winding Wire, Other than of Copper in Kenya (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Kenya (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Kenya
- Exports of Winding Wire, Other than of Copper in Kenya
Price for Winding Wire, Other than of Copper in Kenya (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $4,198 per ton in 2022, with an increase of 18% against the previous year. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $6,280 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($13,178 per ton), while the price for the United Arab Emirates ($2,238 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Kenya (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $5,059 per ton in 2022, waning by -32.5% against the previous year. In general, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 52%. The export price peaked at $7,490 per ton in 2021, and then declined rapidly in the following year.
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 Tanzania ($25,817 per ton), while the average price for exports to Democratic Republic of the Congo ($985 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 Tanzania (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Winding Wire, Other than of Copper in Kenya
In 2022, purchases abroad of winding wire, other than of coppers increased by 621% to 3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of winding wire, other than of coppers surged to $12M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Winding Wire, Other than of Copper in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 463 | 820 | 938 | 8,224 | 160.9% |
| Egypt | 109 | 155 | 64.6 | 725 | 88.1% |
| India | 914 | 500 | 192 | 407 | -23.6% |
| Pakistan | 4.5 | 7.7 | 10.1 | 282 | 297.2% |
| United Arab Emirates | 39.8 | 44.5 | 20.0 | 98.2 | 35.1% |
| Others | 424 | 282 | 249 | 2,750 | 86.5% |
| Total | 1,954 | 1,809 | 1,474 | 12,487 | 85.6% |
Top Suppliers of Winding Wire, Other than of Copper to Kenya in 2022:
- China (2571.2 tons)
- Egypt (152.1 tons)
- Pakistan (53.9 tons)
- India (49.3 tons)
- United Arab Emirates (43.9 tons)
Exports of Winding Wire, Other than of Copper in Kenya
In 2022, overseas shipments of winding wire, other than of coppers decreased by -49.4% to 78 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 34% against the previous year. As a result, the exports attained the peak of 234 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of winding wire, other than of coppers contracted markedly to $437K in 2022. In general, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 30%. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Winding Wire, Other than of Copper in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 155 | 528 | 656 | 165 | 2.1% |
| Rwanda | 221 | 347 | 259 | 148 | -12.5% |
| Seychelles | 126 | 93.3 | 62.7 | 46.5 | -28.3% |
| Uganda | 445 | 295 | 113 | 33.7 | -57.7% |
| Burundi | 19.6 | 20.2 | 20.7 | 17.4 | -3.9% |
| Democratic Republic of the Congo | 12.3 | 25.2 | 1.7 | 1.0 | -56.7% |
| Others | 57.3 | 42.0 | 44.8 | 25.2 | -24.0% |
| Total | 1,035 | 1,350 | 1,158 | 437 | -25.0% |
Top Export Markets for Winding Wire, Other than of Copper from Kenya in 2022:
- Rwanda (33.0 tons)
- South Sudan (29.3 tons)
- Uganda (5.9 tons)
- Seychelles (5.1 tons)
- Burundi (2.3 tons)
- Democratic Republic of the Congo (1.0 tons)
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