Price for Nickel; Plates, Sheets, Strip and Foil in Kenya - 2022
Contents:
- Price for Nickel; Plates, Sheets, Strip and Foil in Kenya (CIF) - 2022
- Price for Nickel; Plates, Sheets, Strip and Foil in Kenya (FOB) - 2022
- Imports of Nickel; Plates, Sheets, Strip and Foil in Kenya
- Exports of Nickel; Plates, Sheets, Strip and Foil in Kenya
Price for Nickel; Plates, Sheets, Strip and Foil in Kenya (CIF) - 2022
In 2022, the average import price for nickel; plates, sheets, strip and foils amounted to $15,004 per ton, falling by -30% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 90%. The import price peaked at $21,429 per ton in 2021, and then fell rapidly in the following year.
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 the United States ($126,333 per ton), while the price for the United Arab Emirates ($2,587 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Nickel; Plates, Sheets, Strip and Foil in Kenya (FOB) - 2022
The average export price for nickel; plates, sheets, strip and foils stood at $24,243 per ton in 2022, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Democratic Republic of the Congo.
From 2012 to 2022, the rate of growth in terms of prices for Democratic Republic of the Congo amounted to +0.8% per year.
Imports of Nickel; Plates, Sheets, Strip and Foil in Kenya
Imports of nickel; plates, sheets, strip and foils into Kenya shrank notably to 226 kg in 2022, which is down by -94.9% on 2021 figures. Over the period under review, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1,005% against the previous year. As a result, imports reached the peak of 4.4 tons, and then declined significantly in the following year.
In value terms, imports of nickel; plates, sheets, strip and foils plummeted to $3.4K in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 1,640%. As a result, imports reached the peak of $94K, and then dropped significantly in the following year.
| Import of Nickel; Plates, Sheets, Strip and Foil in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.1 | 1.6 | 58.4 | 1.9 | 20.0% |
| United States | 1.2 | 1.7 | 23.4 | 0.8 | -12.6% |
| United Arab Emirates | 1.9 | 1.0 | 1.8 | 0.3 | -46.0% |
| India | 0.7 | 0.8 | 8.3 | 0.2 | -34.1% |
| China | 0.1 | 0.3 | 1.0 | 0.2 | 26.0% |
| Uganda | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.0 | 5.4 | 94.2 | 3.4 | -12.1% |
Top Suppliers of Nickel; Plates, Sheets, Strip and Foil to Kenya in 2022:
- United Arab Emirates (121.0 kg)
- South Africa (57.0 kg)
- India (29.0 kg)
- China (10.0 kg)
- United States (6.0 kg)
Exports of Nickel; Plates, Sheets, Strip and Foil in Kenya
For the third consecutive year, Kenya recorded decline in overseas shipments of nickel; plates, sheets, strip and foils, which decreased by -73.8% to 74 kg in 2022. Overall, exports recorded a dramatic setback. The smallest decline of -32.9% was in 2020.
In value terms, exports of nickel; plates, sheets, strip and foils contracted rapidly to $1.8K in 2022. Over the period under review, exports recorded a sharp slump. The smallest decline of -33.8% was in 2020.
| Export of Nickel; Plates, Sheets, Strip and Foil in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 17.4 | 11.0 | 5.4 | 1.4 | -56.8% |
| Others | 0.3 | 0.7 | 0.4 | 0.4 | 10.1% |
| Total | 17.7 | 11.7 | 5.7 | 1.8 | -53.3% |
Top Export Markets for Nickel; Plates, Sheets, Strip and Foil from Kenya in 2022:
- Democratic Republic of the Congo (73.0 kg)
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