Copper Wire Price in Kenya - 2021
Contents:
- Copper Wire Price in Kenya (CIF) - 2022
- Copper Wire Price in Kenya (FOB) - 2022
- Copper Wire Imports in Kenya
- Copper Wire Exports in Kenya
Copper Wire Price in Kenya (CIF) - 2022
In 2022, the average copper wire import price amounted to $7,462 per ton, shrinking by -18.3% against the previous year. In general, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 44%. As a result, import price attained the peak level of $9,139 per ton, and then fell notably in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Zambia ($8,546 per ton) and Russia ($8,004 per ton), while the price for Egypt ($6,522 per ton) and the United Arab Emirates ($6,782 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+0.5%), while the prices for the other major suppliers experienced a decline.
Copper Wire Price in Kenya (FOB) - 2022
The average copper wire export price stood at $8,343 per ton in 2022, waning by -7.2% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by +96.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. The export price peaked at $8,996 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($14,203 per ton), while the average price for exports to Democratic Republic of the Congo ($1,095 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 (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Wire Imports in Kenya
In 2022, approx. 6.5K tons of copper wires were imported into Kenya; picking up by 24% compared with the previous year. The total import volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 7.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, copper wire imports amounted to $48M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of $49M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Copper Wire in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 19.1 | 23.4 | 21.0 | 20.8 | 2.9% |
| Russia | 9.3 | 15.0 | 15.3 | 15.3 | 18.1% |
| Zambia | 7.3 | 7.6 | 9.9 | 9.9 | 10.7% |
| Egypt | 1.2 | 0.8 | 0.6 | 1.0 | -5.9% |
| Others | 1.7 | 1.6 | 1.0 | 1.1 | -13.5% |
| Total | 38.7 | 48.6 | 47.7 | 48.1 | 7.5% |
Top Suppliers of Copper Wire to Kenya in 2022:
- United Arab Emirates (3.1K tons)
- Russia (1.9K tons)
- Zambia (1.2K tons)
- Egypt (0.2K tons)
Copper Wire Exports in Kenya
In 2022, after three years of growth, there was significant decline in shipments abroad of copper wires, when their volume decreased by -16.8% to 67 tons. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 60% against the previous year.
In value terms, copper wire exports reduced markedly to $562K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 84%. As a result, the exports attained the peak of $728K, and then declined dramatically in the following year.
| Export of Copper Wire in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 227 | 312 | 667 | 517 | 31.6% |
| Uganda | 14.7 | 9.2 | 44.5 | 36.0 | 34.8% |
| Democratic Republic of the Congo | 0.8 | 1.6 | N/A | 1.1 | 11.2% |
| Others | 6.9 | 73.4 | 16.4 | 7.5 | 2.8% |
| Total | 249 | 396 | 728 | 562 | 31.2% |
Top Export Markets for Copper Wire from Kenya in 2022:
- Tanzania (61.9 tons)
- Uganda (3.7 tons)
- Democratic Republic of the Congo (1.0 tons)
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