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Kenya - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends and Insights
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View PricingKenya: Market for Iron or Steel Leaf-Springs and Leaves 2024
Market Size for Iron or Steel Leaf-Springs and Leaves in Kenya
The Kenyan iron or steel leaf-spring market dropped slightly to $X in 2023, remaining stable against the previous year. Over the period under review, consumption saw a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.
Production of Iron or Steel Leaf-Springs and Leaves in Kenya
In value terms, iron or steel leaf-spring production contracted to $X in 2023 estimated in export price. Over the period under review, production saw a noticeable downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Iron or steel leaf-spring production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Exports of Iron or Steel Leaf-Springs and Leaves
Exports from Kenya
In 2023, the amount of iron or steel leaf-springs and leaves exported from Kenya skyrocketed to X tons, with an increase of X% against 2022 figures. Overall, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
In value terms, iron or steel leaf-spring exports skyrocketed to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
Exports by Country
Uganda (X tons) was the main destination for iron or steel leaf-spring exports from Kenya, with a X% share of total exports. Moreover, iron or steel leaf-spring exports to Uganda exceeded the volume sent to the second major destination, Burundi (X tons), fourfold. Tanzania (X tons) ranked third in terms of total exports with an X% share.
From 2012 to 2023, the average annual growth rate of volume to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Tanzania (X% per year).
In value terms, Uganda ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Kenya, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Uganda totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Democratic Republic of the Congo (X% per year).
Export Prices by Country
In 2023, the average iron or steel leaf-spring export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Burundi ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (X%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel Leaf-Springs and Leaves
Imports into Kenya
In 2023, iron or steel leaf-spring imports into Kenya soared to X tons, rising by X% compared with the year before. Over the period under review, imports posted a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.
In value terms, iron or steel leaf-spring imports rose remarkably to $X in 2023. In general, imports posted a perceptible increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Tanzania (X tons) constituted the largest supplier of iron or steel leaf-spring to Kenya, with a X% share of total imports. Moreover, iron or steel leaf-spring imports from Tanzania exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. India (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Tanzania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).
In value terms, Tanzania ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Kenya, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by India, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Tanzania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).
Import Prices by Country
In 2023, the average iron or steel leaf-spring import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, iron or steel leaf-spring import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for iron or steel leaf-spring 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 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
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
-
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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