Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya - 2022
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (CIF) - 2022
In December 2021, the average import price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $2,527 per ton, falling by -24.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2021 an increase of 36% month-to-month. The import price peaked at $3,652 per ton in October 2021; however, from November 2021 to December 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Greece ($7,271 per ton), while the price for China ($1,680 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by Mauritius (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (FOB) - 2022
In 2022, the average export price for aluminium; alloys, bars, rods and profiles, other than hollows amounted to $5,386 per ton, rising by 29% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +135.4% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 53% against the previous year. As a result, the export price reached the peak level of $5,819 per ton. From 2016 to 2022, the average 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 Uganda ($6,157 per ton), while the average price for exports to Democratic Republic of the Congo ($912 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 Tanzania (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya
Imports of aluminium; alloys, bars, rods and profiles, other than hollows into Kenya soared to 2.4K tons in 2022, increasing by 44% on 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +56.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $8.9M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 185 | 1,024 | 1,328 | 5,744 | 214.3% |
| China | 1,785 | 1,261 | 1,413 | 2,000 | 3.9% |
| Egypt | 737 | 322 | 296 | 325 | -23.9% |
| Mauritius | N/A | 133 | 550 | 203 | 23.5% |
| Oman | 117 | 122 | 114 | 127 | 2.8% |
| India | 244 | 116 | 196 | 109 | -23.6% |
| Others | 565 | 539 | 627 | 433 | -8.5% |
| Total | 3,634 | 3,517 | 4,523 | 8,942 | 35.0% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to Kenya in 2022:
- Uganda (1222.7 tons)
- China (945.5 tons)
- Mauritius (59.5 tons)
- Egypt (56.1 tons)
- Oman (30.3 tons)
- India (30.3 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya
In 2022, approx. 145 tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from Kenya; increasing by 16% on the year before. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $780K in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 83%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 71.9 | 80.5 | 282 | 468 | 86.7% |
| Tanzania | 179 | 13.5 | 160 | 283 | 16.5% |
| Ethiopia | 19.5 | 5.4 | 13.5 | 6.5 | -30.7% |
| Democratic Republic of the Congo | 5.4 | 1.4 | 5.4 | 5.1 | -1.9% |
| Zambia | 5.6 | 1.8 | 4.2 | 1.5 | -35.5% |
| Congo | N/A | 180 | N/A | N/A | 0% |
| Others | 2.7 | 2.3 | 55.4 | 15.5 | 79.1% |
| Total | 284 | 285 | 520 | 780 | 40.0% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from Kenya in 2022:
- Rwanda (82.5 tons)
- Tanzania (49.6 tons)
- Democratic Republic of the Congo (5.6 tons)
- Ethiopia (1.9 tons)
- Zambia (1.4 tons)
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