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Kenya - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKenya: Market for Hot-Rolled Bars Of High Speed Steel 2024
Market Size for Hot-Rolled Bars Of High Speed Steel in Kenya
For the third year in a row, the Kenyan market for hot-rolled bars of high speed steel recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.
Production of Hot-Rolled Bars Of High Speed Steel in Kenya
In value terms, hot-rolled high speed steel bar production surged to $X in 2023 estimated in export price. In general, production, however, showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a lower figure.
Exports of Hot-Rolled Bars Of High Speed Steel
Exports from Kenya
In 2023, exports of hot-rolled bars of high speed steel from Kenya fell dramatically to X kg, which is down by X% on the previous year's figure. Overall, exports, however, posted a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
In value terms, hot-rolled high speed steel bar exports fell markedly to $X in 2023. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Tanzania (X kg) was the main destination for hot-rolled high speed steel bar exports from Kenya, with a X% share of total exports. It was followed by Uganda (X kg), with a X% share of total exports.
From 2013 to 2023, the average annual growth rate of volume to Tanzania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Malawi (X% per year).
In value terms, Tanzania ($X) remains the key foreign market for hot-rolled bars of high speed steel exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Malawi ($X), with a X% share of total exports.
From 2013 to 2023, the average annual growth rate of value to Tanzania amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (X% per year) and Uganda (X% per year).
Export Prices by Country
In 2023, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (X%).
Imports of Hot-Rolled Bars Of High Speed Steel
Imports into Kenya
In 2023, overseas purchases of hot-rolled bars of high speed steel decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled high speed steel bar imports fell markedly to $X in 2023. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2023, the UK (X tons) constituted the largest supplier of hot-rolled high speed steel bar to Kenya, with a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from the UK exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold.
From 2013 to 2023, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).
In value terms, the UK ($X) constituted the largest supplier of hot-rolled bars of high speed steel to Kenya, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).
Import Prices by Country
The average import price for hot-rolled bars of high speed steel stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price, however, recorded a mild increase. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106610 - Hot-rolled bars of high speed steel
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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