Kenya - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Kenya - 2021
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (CIF) - 2022
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (CIF) - 2022
In 2022, the average import price for hot-rolled non-alloy steel wire rods amounted to $596 per ton, which is down by -12% against the previous year. In general, the import price showed a mild decline. The pace of growth was the most pronounced in 2017 an increase of 34%. The import price peaked at $678 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 ($667 per ton), while the price for Japan ($426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (FOB) - 2022
The average export price for hot-rolled non-alloy steel wire rods stood at $777 per ton in 2022, falling by -6% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled non-alloy steel wire rod export price increased by +24.9% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57%. As a result, the export price reached the peak level of $1,036 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Rwanda ($816 per ton) and Tanzania ($787 per ton), while the average price for exports to Democratic Republic of the Congo ($602 per ton) and Uganda ($664 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+4.7%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya
In 2022, approx. 166K tons of hot-rolled non-alloy steel wire rods were imported into Kenya; with an increase of 13% compared with 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 decreased by -10.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 75% against the previous year. As a result, imports reached the peak of 185K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled non-alloy steel wire rod imports fell to $99M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 2.1 | 1.8 | 38.4 | 105.9% |
| India | 6.5 | 12.4 | 33.3 | 22.2 | 50.6% |
| United Arab Emirates | 0.1 | N/A | 0.1 | 11.8 | 390.5% |
| South Africa | 36.7 | 24.3 | 13.9 | 7.6 | -40.8% |
| Russia | 5.4 | 7.3 | 6.3 | 6.5 | 6.4% |
| Ukraine | 1.7 | 13.1 | 7.3 | 4.8 | 41.3% |
| Japan | 1.1 | 4.6 | 4.2 | 2.8 | 36.5% |
| Vietnam | N/A | 22.6 | 6.1 | N/A | -73.0% |
| Others | 6.9 | 12.0 | 25.9 | 4.8 | -11.4% |
| Total | 62.7 | 98.6 | 98.9 | 98.8 | 16.4% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Kenya in 2022:
- China (57.5K tons)
- India (34.3K tons)
- United Arab Emirates (20.3K tons)
- Russia (14.1K tons)
- South Africa (13.8K tons)
- Ukraine (9.9K tons)
- Japan (6.5K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya
After three years of growth, overseas shipments of hot-rolled non-alloy steel wire rods decreased by -10.9% to 4K tons in 2022. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, the exports reached the peak of 4.4K tons, and then shrank in the following year.
In value terms, hot-rolled non-alloy steel wire rod exports fell dramatically to $3.1M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of $3.7M, and then dropped notably in the following year.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1,725 | 2,117 | 3,231 | 2,712 | 16.3% |
| Uganda | 387 | 266 | 241 | 223 | -16.8% |
| Rwanda | 71.3 | 41.0 | 63.7 | 63.0 | -4.0% |
| Democratic Republic of the Congo | 32.9 | 35.9 | 40.6 | 38.4 | 5.3% |
| Others | 17.7 | 19.1 | 94.5 | 37.9 | 28.9% |
| Total | 2,233 | 2,478 | 3,671 | 3,075 | 11.3% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Kenya in 2022:
- Tanzania (3445.5 tons)
- Uganda (336.0 tons)
- Rwanda (77.2 tons)
- Democratic Republic of the Congo (63.7 tons)
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
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
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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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