Price for Hot-Rolled Wire Rod in Coils in Kenya - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Kenya (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Kenya (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Kenya
- Exports of Hot-Rolled Wire Rod in Coils in Kenya
Price for Hot-Rolled Wire Rod in Coils in Kenya (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $726 per ton, rising by 24% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
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 ($912 per ton), while the price for South Korea ($484 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Kenya (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $666 per ton in 2022, dropping by -19.8% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. The export price peaked at $1,186 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($952 per ton), while the average price for exports to Democratic Republic of the Congo ($544 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 Rwanda (+3.2%), while the prices for the other major destinations experienced a decline.
Imports of Hot-Rolled Wire Rod in Coils in Kenya
In 2022, after three years of growth, there was significant decline in purchases abroad of hot-rolled wire rods in coils, when their volume decreased by -29.1% to 131K tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 75%.
In value terms, hot-rolled wire rod in coils imports declined to $95M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 57%.
| Import of Hot-Rolled Wire Rod in Coils in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 1.6 | 1.9 | 25.8 | 94.6% |
| South Africa | 29.0 | 18.1 | 13.3 | 20.4 | -11.1% |
| India | 7.2 | 9.0 | 30.9 | 17.2 | 33.7% |
| Ukraine | 1.4 | 9.8 | 7.0 | 8.2 | 80.3% |
| Egypt | 7.5 | 11.1 | 8.0 | 7.8 | 1.3% |
| Indonesia | N/A | N/A | 12.1 | 5.7 | -52.9% |
| Japan | 0.9 | 3.5 | 3.4 | 3.6 | 58.7% |
| Russia | 4.2 | 5.4 | 6.0 | 2.2 | -19.4% |
| Vietnam | N/A | 16.8 | 5.8 | N/A | -65.5% |
| Iran | 0.3 | 15.2 | 8.7 | N/A | 438.5% |
| Others | 8.7 | 7.8 | 11.5 | 4.5 | -19.7% |
| Total | 62.8 | 98.4 | 109 | 95.5 | 15.0% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Kenya in 2022:
- China (28.2K tons)
- South Africa (26.1K tons)
- India (22.7K tons)
- Ukraine (14.2K tons)
- Indonesia (11.1K tons)
- Egypt (11.0K tons)
- Japan (7.0K tons)
- Russia (3.2K tons)
Exports of Hot-Rolled Wire Rod in Coils in Kenya
In 2022, approx. 5.6K tons of hot-rolled wire rods in coils were exported from Kenya; increasing by 25% on the year before. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, hot-rolled wire rod in coils exports amounted to $3.7M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Hot-Rolled Wire Rod in Coils in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 1,528 | 1,788 | 2,646 | 3,056 | 26.0% |
| Uganda | 613 | 614 | 850 | 554 | -3.3% |
| Democratic Republic of the Congo | 78.0 | 43.0 | 44.8 | 21.6 | -34.8% |
| Others | 40.3 | 54.6 | 145 | 69.2 | 19.7% |
| Total | 2,260 | 2,499 | 3,686 | 3,700 | 17.9% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Kenya in 2022:
- Tanzania (4.6K tons)
- Uganda (0.9K tons)
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