Aluminium Wire Price in Kenya - 2021

Aluminium Wire Price in Kenya (CIF) - 2022

The average aluminium wire import price stood at $2,263 per ton in 2022, with a decrease of -13.5% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 when the average import price increased by 48%. As a result, import price attained the peak level of $3,450 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($3,054 per ton), while the price for Saudi Arabia ($1,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Kenya (FOB) - 2022

In 2022, the average aluminium wire export price amounted to $2,386 per ton, waning by -4% against the previous year. In general, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16%. Over the period under review, the average export prices attained the maximum at $3,558 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($18,948 per ton), while the average price for exports to Tanzania ($1,755 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 Rwanda (+19.4%), while the prices for the other major destinations experienced a decline.

Aluminium Wire Imports in Kenya

In 2022, the amount of aluminium wires imported into Kenya skyrocketed to 4.3K tons, jumping by 34% compared with the year before. Overall, imports, however, showed a abrupt decrease.

In value terms, aluminium wire imports skyrocketed to $9.8M in 2022. Over the period under review, imports, however, saw a noticeable downturn.

Import of Aluminium Wire in Kenya (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	4.9	4.2	4.7	4.7	-1.4%
India	3.4	4.5	1.7	2.7	-7.4%
Oman	0.5	0.1	0.7	0.7	11.9%
Mozambique	1.1	0.1	0.4	0.5	-23.1%
Tanzania	0.2	0.3	0.3	0.3	14.5%
Bahrain	0.1	0.4	0.1	0.2	26.0%
Saudi Arabia	0.2	0.2	0.1	0.1	-20.6%
Others	0.6	1.4	0.5	0.6	0.0%
Total	11.0	11.2	8.4	9.8	-3.8%

Top Suppliers of Aluminium Wire to Kenya in 2022:

United Arab Emirates (1993.8 tons)
India (1467.2 tons)
Oman (255.8 tons)
Mozambique (246.3 tons)
Bahrain (106.9 tons)
Tanzania (105.3 tons)
Saudi Arabia (96.5 tons)

Aluminium Wire Exports in Kenya

Aluminium wire exports from Kenya reduced to 43 tons in 2022, which is down by -8.4% on 2021 figures. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year.

In value terms, aluminium wire exports shrank to $102K in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.