Molybdenum; Wire Price in Kenya - 2022
Contents:
Molybdenum; Wire Price in Kenya (CIF) - 2022
In 2022, the average molybdenum; wire import price amounted to $62,500 per ton, picking up by 32% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, molybdenum; wire import price increased by +99.7% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 83%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($69,375 per ton), while the price for India totaled $15,182 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%).
Molybdenum; Wire Imports in Kenya
In 2022, imports of molybdenum; wires into Kenya declined remarkably to 8 kg, waning by -33.3% compared with the previous year's figure. Over the period under review, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of 12 kg, and then shrank notably in the following year.
In value terms, molybdenum; wire imports contracted to $500 in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $558, and then fell in the following year.
| Import of Molybdenum; Wire in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 387 | 428 | 482 | 485 | 7.8% |
| India | 7.0 | 15.0 | 60.0 | 15.0 | 28.9% |
| Others | N/A | N/A | 16.0 | N/A | 0% |
| Total | 394 | 443 | 558 | 500 | 8.3% |
Top Suppliers of Molybdenum; Wire to Kenya in 2022:
- China (7.0 kg)
- India (1.0 kg)
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