Price for Nickel; Wire, of Nickel Alloys in Kenya - 2022

Contents:

1. Price for Nickel; Wire, of Nickel Alloys in Kenya (CIF) - 2022
2. Price for Nickel; Wire, of Nickel Alloys in Kenya (FOB) - 2022
3. Imports of Nickel; Wire, of Nickel Alloys in Kenya
4. Exports of Nickel; Wire, of Nickel Alloys in Kenya

Price for Nickel; Wire, of Nickel Alloys in Kenya (CIF) - 2022

In 2022, the average import price for nickel; wire, of nickel alloyses amounted to $12,156 per ton, waning by -22.3% against the previous year. Overall, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 37% against the previous year. The import price peaked at $17,280 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($14,036 per ton), while the price for China totaled $3,970 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.8%).

Price for Nickel; Wire, of Nickel Alloys in Kenya (FOB) - 2022

In 2022, the average export price for nickel; wire, of nickel alloyses amounted to $18,200 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Rwanda.

From 2021 to 2022, the rate of growth in terms of prices for Rwanda amounted to 0.0% per year.

Imports of Nickel; Wire, of Nickel Alloys in Kenya

In 2022, the amount of nickel; wire, of nickel alloyses imported into Kenya expanded rapidly to 8.3 tons, surging by 9.5% against the previous year's figure. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 489%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel; wire, of nickel alloys imports shrank to $101K in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 662%. As a result, imports reached the peak of $119K, and then shrank in the following year.

Top Suppliers of Nickel; Wire, of Nickel Alloys to Kenya in 2022:

1. India (6.6 tons)
2. China (1.7 tons)

Exports of Nickel; Wire, of Nickel Alloys in Kenya

In 2022, nickel; wire, of nickel alloys exports from Kenya reduced markedly to 5 kg, with a decrease of -50% against the year before. Over the period under review, exports continue to indicate a precipitous setback.

In value terms, nickel; wire, of nickel alloys exports dropped remarkably to $91 in 2022. Overall, exports recorded a sharp descent.

Top Export Markets for Nickel; Wire, of Nickel Alloys from Kenya in 2022:

1. Rwanda (5.0 kg)

Source: IndexBox Market Intelligence Platform