Kenya - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Kenya - 2021
Contents:
- Metal Self-Locking Nut Price in Kenya (CIF) - 2022
- Metal Self-Locking Nut Price in Kenya (FOB) - 2022
- Metal Self-Locking Nut Imports in Kenya
- Metal Self-Locking Nut Exports in Kenya
Metal Self-Locking Nut Price in Kenya (CIF) - 2022
In 2022, the average metal self-locking nut import price amounted to $2,226 per ton, shrinking by -4.6% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 20%. Over the period under review, average import prices hit record highs at $2,617 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,200 per ton), while the price for Egypt ($713 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced a decline.
Metal Self-Locking Nut Price in Kenya (FOB) - 2022
In 2022, the average metal self-locking nut export price amounted to $3,290 per ton, growing by 29% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ethiopia ($5,064 per ton), while the average price for exports to Democratic Republic of the Congo ($894 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 Uganda (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Self-Locking Nut Imports in Kenya
In 2022, overseas purchases of iron or steel nuts (including self-locking nuts) decreased by -8.6% to 903 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.8% 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 2021 with an increase of 20%. As a result, imports attained the peak of 988 tons, and then contracted in the following year.
In value terms, metal self-locking nut imports contracted to $2M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of $2.3M, and then shrank in the following year.
| Import of Metal Self-Locking Nut in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 736 | 924 | 1,423 | 1,601 | 29.6% |
| India | 157 | 162 | 228 | 142 | -3.3% |
| Egypt | 2.3 | 3.6 | 28.8 | 17.9 | 98.2% |
| Others | 538 | 626 | 625 | 249 | -22.6% |
| Total | 1,433 | 1,716 | 2,305 | 2,010 | 11.9% |
Top Suppliers of Metal Self-Locking Nut to Kenya in 2022:
- China (727.7 tons)
- India (98.7 tons)
- Egypt (25.1 tons)
Metal Self-Locking Nut Exports in Kenya
In 2022, metal self-locking nut exports from Kenya totaled 5.1 tons, growing by 7.9% against 2021 figures. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 52%. As a result, the exports reached the peak of 9.1 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, metal self-locking nut exports skyrocketed to $17K in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 59%. As a result, the exports attained the peak of $22K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Metal Self-Locking Nut in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 2.0 | 3.9 | 5.3 | -1.8% |
| Tanzania | 2.9 | 3.9 | 2.3 | 3.1 | 2.2% |
| Brazil | 0.3 | 1.0 | 0.8 | 1.1 | 54.2% |
| Uganda | 0.5 | 1.4 | 0.5 | 0.7 | 11.9% |
| South Africa | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Austria | N/A | 0.6 | 0.5 | 0.6 | 0.0% |
| South Sudan | 0.6 | 2.1 | 0.3 | 0.5 | -5.9% |
| Ethiopia | N/A | 0.3 | 0.3 | 0.4 | 15.5% |
| Canada | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Democratic Republic of the Congo | N/A | 0.4 | 0.1 | 0.2 | -29.3% |
| Rwanda | 0.6 | 2.8 | 0.7 | 0.2 | -30.7% |
| Mozambique | N/A | 1.3 | 0.1 | 0.2 | -60.8% |
| Others | 2.8 | 5.5 | 2.5 | 3.7 | 9.7% |
| Total | 13.6 | 21.6 | 12.1 | 16.9 | 7.5% |
Top Export Markets for Metal Self-Locking Nut from Kenya in 2022:
- Tanzania (1397.0 kg)
- United States (1223.0 kg)
- Brazil (553.0 kg)
- South Sudan (496.0 kg)
- Austria (249.0 kg)
- Rwanda (229.0 kg)
- Democratic Republic of the Congo (194.0 kg)
- South Africa (161.0 kg)
- Canada (152.0 kg)
- Uganda (151.0 kg)
- Mozambique (87.0 kg)
- Ethiopia (79.0 kg)
This report provides an in-depth analysis of the metal self-locking nut market 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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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