Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya - 2022
Contents:
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (CIF) - 2022
- Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (FOB) - 2022
- Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya
- Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (CIF) - 2022
In 2022, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,020 per ton, rising by 24% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for alloy steel flat-rolled products, of a width 600mm or mores increased by +72.1% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 39%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,172 per ton), while the price for China ($1,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (FOB) - 2022
In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $2,029 per ton, surging by 39% against the previous year. Overall, the export price showed buoyant growth. The growth pace was the most rapid in 2015 an increase of 164%. The export price peaked at $2,685 per ton in 2016; however, from 2017 to 2022, 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 India ($2,436 per ton), while the average price for exports to Democratic Republic of the Congo ($305 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 India (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya
In 2022, after three years of growth, there was significant decline in supplies from abroad of alloy steel flat-rolled products, of a width 600mm or mores, when their volume decreased by -73.7% to 45K tons. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 165%.
In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores declined markedly to $46M in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 129%.
| Import of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.2 | 68.9 | 119 | 40.3 | 11.3% |
| Japan | 0.3 | 0.7 | 15.4 | 2.1 | 91.3% |
| South Korea | 0.4 | 1.0 | 3.6 | 1.7 | 62.0% |
| Others | 1.7 | 2.0 | 3.6 | 2.0 | 5.6% |
| Total | 31.7 | 72.7 | 142 | 46.1 | 13.3% |
Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Kenya in 2022:
- China (40.1K tons)
- Japan (1.8K tons)
- South Korea (1.7K tons)
Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya
In 2022, exports of alloy steel flat-rolled products, of a width 600mm or mores from Kenya soared to 33 tons, picking up by 44% on 2021. In general, exports, however, saw a significant contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 170%. As a result, the exports reached the peak of 249 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores soared to $68K in 2022. Over the period under review, exports, however, saw a precipitous decrease.
| Export of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 128 | 231 | 29.1 | 56.7 | -23.8% |
| Uganda | 9.4 | 10.3 | 0.6 | 5.9 | -14.4% |
| Tanzania | 3.5 | 10.2 | 1.7 | 3.9 | 3.7% |
| Democratic Republic of the Congo | 2.7 | 1.1 | 0.2 | 0.4 | -47.1% |
| Others | 2.1 | 6.2 | 2.2 | 0.6 | -34.1% |
| Total | 146 | 258 | 33.8 | 67.5 | -22.7% |
Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Kenya in 2022:
- India (23.3 tons)
- Uganda (6.0 tons)
- Tanzania (2.3 tons)
- Democratic Republic of the Congo (1.4 tons)
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